Shriram Transport Finance Company has posted a 17 per cent increase in its fourth quarter consolidated net profit helped by superior performance of its financing business.
During January-March quarter, the Chennai-based company reported a net profit of Rs 383 crore compared with Rs 329 crore a year-ago.
Total revenue from its financing business increased 22 per cent to Rs 1,888 crore (Rs 1,549 crore).
The board has recommended a dividend of Rs 4 per equity share. Earlier in November, the company had recommended a dividend of Rs 3 per equity share.
Shares of the commercial vehicle financier, closed at Rs 741.80, down 0.11 per cent on the Bombay Stock Exchange.
> satyanarayan.iyer@thehindu.co.in
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.