Shriram Transport Finance net up 19%

Shriram Transport Finance, part of the Shriram Group, has reported 19.43 per cent growth in its consolidated net profit to Rs 375.49 crore for the third quarter ended December 31. The Chennai-based company had reported consolidated net profit of Rs 314.39 crore during the corresponding period of the previous financial year. Consolidated total income rose to Rs 1,796.16 crore against Rs 1,549.49 crore during the same period a year ago.

For the nine-month period ending December 31, consolidated net profit grew 10.2 per cent to reach Rs 1,080.21 crore from Rs 980.07 crore registered during the corresponding period of the previous financial year.

For the nine-month period ending December 31, the total income jumped to Rs 5,095.64 crore from Rs 4,603.42 crore during the corresponding period in 2010-11.

Its earnings per share (basic) surged 18.99 per cent to Rs 16.54 against Rs 13.90 recorded in the same period of the previous year.

As of December 31, total assets under management surged 20.86 per cent to reach Rs 49,269.89 crore as compared with Rs 40,765.47 crore registered during the same period of the previous year, the statement added.