Q3 Financial Results of Shriram Transport Finance Company Ltd.
Mumbai : The Board Meeting of Shriram Transport Finance Company Limited (STFC), the largest asset financing NBFC in the country, was held today to consider the financial results as reviewed by the joint auditors for the quarter and nine month ended 31st. December, 2008.
The revenues for the third quarter ended 31st. December, 2008 surged by 48.22% to Rs. 972.85 crores as against Rs. 656.36 crores of the same period previous year. The profit after tax also rose by 34.88% to Rs. 149.31 crores as against Rs. 110.70 crores recorded in the same period previous year.
The revenues for the nine month ended 31st. December, 2008 surged by 58.84% to Rs. 2,697.14 crores as against Rs. 1,698.00 crores of the same period previous year. The profit after tax also rose by 64.96 % to Rs. 458.54 crores as against Rs. 277.97 crores recorded in the same period previous year.
Total Assets under Management as on 31st. December, 2008 surged by 35.80% to Rs. 22,796 crores as against Rs. 16,786 crores of the same period previous year.
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