Money & Banking

Shriram Transport Finance Q4 net up 17%

Satyanarayan Iyer Mumbai | Updated on March 12, 2018

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

Published on May 07, 2013

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