Shriram Transport flares up after Q2 results

Shriram Transport Finance Company rose 2.97% to Rs 573.55 at 15:24 IST on BSE after consolidated net profit fell 2.93% to Rs 351.93 crore on 23.14% increase in total income to Rs 2103.67 crore in Q2 September 2013 over Q2 September 2012.

The result was announced during trading hours today, 29 October 2013.

Meanwhile, the BSE Sensex was up 372.16 points, or 1.81%, to 20,942.44.

On BSE, 45,000 shares were traded in the counter compared with average volume of 19,044 shares in the past one quarter.

The stock hit a high of Rs 576.70 and a low of Rs 551.25 so far during the day. The stock hit a 52-week high of Rs 841.80 on 28 May 2013. The stock hit a 52-week low of Rs 465.20 on 28 August 2013.

The stock had underperformed the market over the past one month till 28 October 2013, falling 2.98% compared with the Sensex's 4.27% rise. The scrip had also underperformed the market in past one quarter, falling 13.12% as against Sensex's 4.16% rise.

The large-cap asset financing non-banking financial company (NBFC) has an equity capital of Rs 226.88 crore. Face value per share is Rs 10.

Shriram Transport Finance Company's consolidated net interest income increased by 6.07% to Rs 969.04 crore in Q2 September 2013 over Q2 September 2012.

On a consolidated basis, total assets under management as on 30 September 2013 surged by 22.65% to Rs 56992.76 crore compared with Rs 46465.90 crore as on 30 September 2012.

Shriram Transport Finance Company, the flagship company of the Shriram group, is the largest asset financing 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. It has pan-India presence with 620 branch offices.

Powered by Capital Market - Live News