Shriram Transport Finance gains after reporting Q3 results

Shriram Transport Finance Company rose 2.26% to Rs 1,112.60 at 11:40 IST on BSE after consolidated net profit declined 1.1% to Rs 321.27 crore on 6.82% growth in total income to Rs 2346.91 crore in Q3 December 2014 over Q3 December 2013.

The Q3 result was announced on Saturday, 24 January 2015.

Meanwhile, the S&P BSE Sensex was up 64.09 points or 0.25% at 29,352.64.

On BSE, so far 10,439 shares were traded in the counter as against average daily volume of 48,209 shares in the past one quarter.

The stock hit a high of Rs 1,114.48 and a low of Rs 1,085.05 so far during the day. The stock had hit a record high of Rs 1,222.40 on 5 December 2014. The stock had hit a 52-week low of Rs 550 on 12 February 2014.

The stock had underperformed the market over the past one month till 23 January 2015, falling 1.27% compared with Sensex's 6.44% rise. The scrip had, however, outperformed the market in past one quarter, jumping 17.46% as against Sensex's 9.04% rise.

The large-cap stock has equity capital of Rs 226.88 crore. Face value per share is Rs 10.

Shriram Transport Finance Company's net interest income (NII) rose 9.55% to Rs 1106.27 crore in Q3 December 2014 over Q3 December 2013.

Total assets under management as on 31 December 2014 stood at Rs 60328.95 crore compared with Rs 56883.12 crore as on 31 December 2013.

Shriram Transport Finance Company is a part of the "SHRIRAM" conglomerate which has significant presence in financial services viz., commercial vehicle financing business, consumer finance, life and general insurance, stock broking, chit funds and distribution of financial products such as life and general insurance products and units of mutual funds. Apart from these financial services, the group is also present in non-financial services business such as property development, engineering projects and information technology.

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