Shriram Transport Finance Q3 net profit rises 20% to Rs 375 crore

Shriram Transport Finance Company Limited (STFC) has reported 20 percent rise in net profit at Rs 375.07 crore for third quarter ended December 2015.  

PTI| Last Updated: Feb 04, 2016, 18:56 PM IST

New Delhi: Shriram Transport Finance Company Limited (STFC) has reported 20 percent rise in net profit at Rs 375.07 crore for third quarter ended December 2015.

The company had posted a net profit of Rs 312.45 crore during the corresponding quarter of previous fiscal 2014-15.

"The net interest income for the third quarter ended December 31, 2015 stands at Rs 1,300.24 crore as against Rs 1,048.37 crore in the same period of the previous year", the company said in a statement.

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The earning per share (basic) stood at Rs 16.54 as against Rs 13.77 recorded in the same period of the previous year, it added.

STFC's total assets under management as on December 2015 stood at Rs 66,538.35 crore as compared to Rs 57,083.52 crore of the same period a year ago.

The non-banking financial company provides finance for the commercial vehicle industry and helps small truck owners for needs related to their assets.