Shares of Shriram Transport Finance Company Ltd have dived by close to 14 per cent after the company came out with its consolidated Q4 numbers for 2014-15 FY that showed its net profit slumping to about 25 per cent of the net profit in the corresponding quarter in the earlier fiscal apparently due to a spurt in the NPA levels of its equipment financing business.

However, on a standalone basis, the Q4 numbers for the last fiscal were better than the same period in the previous year with both income and net profit going up.

According to the Q4 results for 2014-15 FY, the company’s total income from operations increased to ₹2,310.69 crore as against ₹2,005.37 crore in the same quarter in 2013-14. The net profit was up by about 7 per cent to ₹316.73 crore in Q4 of last fiscal (₹294.96 crore). EPS for the quarter was ₹13.96, slightly higher than ₹13 for Q4 of 2013-14.

However, the consolidated results showed the company taking a hit on the profitability front in Q4 of last fiscal as compared to the same period in 2013-14. While the turnover was higher at ₹2,420.82 crore as against ₹2,149.54 crore in Q4 of 2013-14, net profit was down at ₹84.23 crore as compared to ₹314.89 crore in the same quarter in the earlier fiscal. The EPS for Q4 of 2014-15 on a consolidated basis crashed to ₹3.71 from ₹13.88 in the same quarter in the earlier financial year.

For the full year, consolidated income was ₹9,176.99 crore in 2014-15 as against ₹8,475.87 crore. But net profit was down to ₹1,028.44 crore as against ₹1,357.94 crore in 2013-14. The full year EPS was down to ₹45.33 from ₹59.85 in the previous fiscal.

Shares of STFC have crashed by 13.87 per cent to ₹835.35, a loss of ₹134.50 on the NSE. The stock has shed close to a third of its value after touching a 52-week high of ₹1,297.70 on the NSE just two months back on March 4.

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