Shriram Transport Q4 profit tanks 55% to Rs 144 cr

Shriram Transport Finance Company today reported a 54.56 per cent plunge in profit to Rs 143.92 crore for the fourth quarter ended March 31.
The company had posted a profit after tax of Rs 316.73 crore in the same period of the previous year, the company said in a statement.
Net interest income for the quarter stood at Rs 1,443.78 crore as against Rs 1,098.05 crore in the same period of the previous year.
The earning per share (basic) stood at Rs 6.34 as against Rs 13.96 recorded a year ago.
For the full fiscal, profit after tax stood at Rs 1,178.20 crore as against Rs 1,237.81 crore in the previous year.

The non-banking financial company provides finance for the commercial vehicles and helps small truck owners for needs related to their assets.
The company also announced that its Board of Directors has appointed J S Gujral as CEO and Managing Director of Shriram Transport Finance Company following the elevation of Umesh Revankar to Shriram Capital, the group's holding firm.