Shriram Transport Finance consolidated PAT drops to Rs 321 cr

Commercial vehicle financier Shriram Transport Finance today said its consolidated profit after tax marginally declined to Rs 321 crore in the quarter ended December 31, 2014.
The company had reported a net profit of Rs 325 crore in the same period last year.
Its consolidated net interest income stood at Rs 1,106 crore as against Rs 1,010 crore in the year-ago period.
Total assets under management as of December-end were Rs 60,329 crore as compared to Rs 56,883 crore.
On standalone basis, net profit stood at Rs 312 crore in the reporting quarter as against Rs 301 crore, the company said in a release.

Net interest income, on standalone basis, was Rs 1,052 crore in the period as against Rs 936 crore same period previous year.
Total assets under management were Rs 57,071 crore as compared to Rs 53,392 crore in the same period last year.
Shriram Transport Finance is the flagship company of Shriram group which has presence in consumer finance, life insurance, general insurance, stock broking and distribution businesses.