Money & Banking

Shriram Transport Q1 net up 25% at Rs 573 cr

Our Bureau Mumbai | Updated on July 26, 2018 Published on July 26, 2018

Shriram Transport Finance Company Ltd has reported a 25 per cent increase in first quarter net profit at Rs 573 crore against Rs 460 crore in the year-ago period.

Revenue from operations was up 20 per cent year-on-year (yoy) to Rs 3,732 crore (Rs 3,116 crore in the year-ago quarter). Other income jumped to Rs 7.40 crore (Rs 2.77 crore).

Finance costs rose 19 per cent y-o-y to Rs 1,851 crore (Rs 1,552 crore). Provisions and write-offs nudged up 4 per cent to Rs 533 crore (Rs 511 crore).

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Published on July 26, 2018
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