Shriram Transport Finance Q4 net down 18% at Rs 315 cr

Shriram Transport Finance Company's consolidated net profit declined by 17.9 per cent to Rs 314.89 crore for the fourth quarter ended March 31, 2014.
The company's net profit during the January-March quarter of the 2012-13 fiscal was at Rs 383.46 crore.
"The net interest income for the fourth quarter ended March 31, 2014 stands at Rs 967.71 crore as against Rs 951.18 crore in the same period of the previous year," the company said in a release.
For the full fiscal 2013-14, its net interest income rose to Rs 3,901.9 crore, from Rs 3,652.62 crore a year ago.
FY14 net profit stood at Rs 1,357.94 crore, as against Rs 1,463.42 crore in 2012-13, it said.

On standalone basis, net interest income in the fourth quarter increased to Rs 912.43 crore versus Rs 892.96 crore a year ago. Standalone PAT (profit after tax) was at Rs 294.96 crore, down from Rs 355.22 crore a year ago.
Shriram Transport Finance is a Non-Banking Finance Company (NBFC) that finances pre-owned trucks and commercial vehicles.
The company's scrip fell 3.86 per cent to Rs 747.20 on the BSE.