We expect an AUM growth of 5-6% in FY21, says STFC's Umesh Revankar

"The festive season has started well for consumer durables and other essential goods/products across the country," says Revankar

Shriram Transport Finance Company (STFC), which focuses on financing pre-owned trucks, reported a profit of Rs 684.56 crore in the September quarter as against Rs 765.05 crore reported in the same period last year. Umesh Revankar, managing director, STFC speaks to T E Narasimhan on the business outlook.  Edited excerpts: 

How do you see demand picking up month on month? Is the demand back at pre-Covid levels?

The credit demand was good in September 2020 due to pent up demand and we expect this to sustain in the third quarter. The demand is quite good in LCVs, tractors and construction