Shriram Transport Finance slips after weak Q4 numbers

Shriram Transport Finance Company fell 1.61% to Rs 735.20 at 14:15 IST on BSE after consolidated net profit declined 17.9% to Rs 314.89 crore on 12.7% growth in total income to Rs 2150.04 crore in Q4 March 2014 over Q4 March 2013.

The Q4 result was announced after trading hours on Tuesday, 29 April 2014.

Meanwhile, the S&P BSE Sensex was down 97.72 points or 0.43% at 22,368.47

On BSE, so far 2.31 lakh shares were traded in the counter as against average daily volume of 27,925 shares in the past one quarter.

The stock hit a high of Rs 749.90 and a low of Rs 712.30 so far during the day. The stock had hit a 52-week high of Rs 841.80 on 28 May 2013. The stock had hit a 52-week low of Rs 465.20 on 28 August 2013.

The stock had outperformed the market over the past one month till 29 April 2014, advancing 1.2% compared with the Sensex's 0.56% rise. The scrip also outperformed the market in past one quarter, surging 21.39% as against Sensex's 8.81% rise.

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

Shriram Transport Finance Company's consolidated net profit declined 7.2% to Rs 1357.94 crore on 20.9% growth in total income to Rs 8480.19 crore in the year ended 31 March 2014 over the year ended 31 March 2013.

Total assets under management rose to Rs 56520.50 crore as on 31 March 2014 as compared to Rs 52717.18 crore as on 31 March 2013.

Shriram Transport Finance Company, the flagship company of the Shriram group, is the largest asset financing non-banking financial company (NBFC) in the country and holistic finance provider for the commercial vehicle industry and seeks to partner small truck owners for every possible need related to their assets.

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