Wednesday 29 January 2014

Shriram Transport reports 13% fall in Q3 consolidated net profit

Shriram Transport Finance Company has reported results for third quarter ended December 31, 2013.

The company has reported 12.89% fall in its net profit at Rs 301.38 crore for the quarter as compared to Rs 345.99 crore for the same quarter in the previous year. However, total income from operations of the company increased by 21.18% at Rs 2033.54 crore for quarter under review, as compared to Rs 1678.14 crore for the quarter ended December 31, 2012.

On the consolidated basis, the group has reported 13.45% fall in its net profit after taxes, minority interest and share of profit of associates at Rs 324.85 crore for the quarter as compared to Rs 375.33 crore for the same quarter in the previous year. However, total income from operations of the company has increased by 22.06% at Rs 2196.99 crore for quarter under review as compared to Rs 1799.91 crore for the quarter ended December 31, 2012.

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