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Shriram Transport Finance Company Announces Q1 Results

The net interest income for the first quarter increased by 7.62 per cent at Rs. 1,961.74 crore as against Rs. 1,822.89 crore in the same period of the previous year.

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The board meeting of Shriram Transport Finance Company, a non-banking asset financing company was held today to consider the unaudited financial results for the first quarter which ended on June 30, 2019.

The net interest income for the first quarter increased by 7.62 per cent at Rs. 1,961.74 crore as against Rs. 1,822.89 crore in the same period of the previous year. The profit after tax increased by 10.71 per cent at Rs. 634.25 crore as against Rs. 572.90 crore recorded in the same period of the previous year. The earning per share (basic) for the first quarter increased by 10.73 per cent at Rs. 27.96 as against Rs. 25.25 recorded in the same period of the previous year.

Total assets under management as on June 30, 2019 stands at Rs. 106,343.48 crore as compared to Rs. 100,540.57 crore as on June 30, 2018.



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