Press release
Q3 Unaudited Financial Results of Shriram Transport Finance Company Limited.
STFC
- PAT up by 58.60% to Rs. 236.81 crores
- Total Assets under Management stood at Rs. 28,178.57 crores
Monday, 18th January, 2010, Mumbai: The Board Meeting of Shriram Transport Finance Company Limited (STFC), the largest asset financing NBFC in the country, was held today inter-alia to consider the Unaudited financial results for the quarter ended 31st. December, 2009.
The revenues for the third quarter ended 31st. December, 2009 increased by 17.82% from Rs. 991.23 crores to Rs. 1,167.88 crores of the same period previous year. The profit after tax increased by 58.60% from Rs. 149.31 crores to Rs. 236.81 crores recorded in the same period previous year. The earning per share increased by 52.04% from Rs. 7.34 to Rs. 11.16 recorded in the same period earlier year.
The revenues for the nine month ended 31st. December, 2009 increased by 19.17% from Rs. 2,744.22 crores to Rs. 3,270.39 crores of the same period previous year. The profit after tax for the nine months ended 31st. December, 2009 also increased by 32.74 % from Rs. 458.54 crores to Rs. 608.68 crores recorded in the same period previous year.
During the quarter, Shriram Transport purchased Commercial Vehicle & Construction Equipment loan portfolio aggregating to Rs. 1105.49 crores from GE Capital Services India and GE Capital Financial Services.
Total Assets under Management as on 31st. December, 2009 stood at Rs. 28,178.57 crores as compared to Rs. 25,823.75 crores as on 30th. September, 2009.
About Shriram Transport Finance Company Limited.
Shriram Transport Finance Company Limited is the flagship company of the Shriram group which has significant presence in Consumer Finance, Life Insurance, General Insurance, Stock Broking, and Distribution businesses. Incorporated in 1979, Shriram Transport is today 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 482 branch offices. Based at Mumbai, it manages assets over Rs 28,000 crores and has a customer base exceeding 6,00,000.
Concept PR
1st Floor, Queens Mansion, Prescot Road,
Fort, Mumbai - 400001
Urvashi Parmar
022-40558900
urvashi@conceptpr.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Q3 Unaudited Financial Results of Shriram Transport Finance Company Limited. here
News-ID: 117415 • Views: …
More Releases from Shriram Transport Finance Company Ltd.
Shriram Transport rolls out Automall in Vadodara
Mumbai, May 1, 2011: Shriram Transport Finance Company Limited, India’s largest asset financing company, today, launched Shriram Automall in Vadodara, the country’s first single- window destination for trade of pre-owned commercial vehicles. Hon. Mr. J. P. Gupta, Chief Guest, Transport Commissioner of Gujarat, who graced the occasion, inaugurated Shriram Automall in Vadodara today.
The facility spread across a sprawling 1,30,000 sq. feet space, is the first-of-its kind initiative which will…
Shriram Transport rolls out country’s first Automall
Chennai, February 26, 2011: Shriram Transport Finance Company Limited, India’s largest asset financing company, today, launched Shriram Automall in Chennai, the country’s first single- window destination for trade of pre-owned trucks. Hon. Union Minister for Home Affairs Mr. P.Chidambaram, who graced the occasion, inaugurated Shriram Automall in Pukkathurai village (on GST Road, 15 kms south of Chengelpet) today.
The facility spread across a sprawling 2 lac sq. feet space,…
More Releases for STFC
Mirico accelerates climate change monitoring with investment led by Shell Ventur …
[OXFORD, United Kingdom] - Mirico announced today that it had raised £2m to accelerate roll out of its greenhouse gas emissions monitoring solutions. Shell Ventures and New Climate Ventures participated in the funding round alongside all existing institutional investors (Longwall Ventures, Foresight Williams, UK Innovation & Science Seed Fund, and STFC Innovations).
This latest investment will enable Mirico to scale its gas emissions monitoring business which quantifies greenhouse gasses (such as…
High-power Electron Beam Gun Market Size and Share 2021: Impact of Covid-19, Lea …
Los Angeles, United State: The report is a compilation of comprehensive research studies on various aspects of the global High-power Electron Beam Gun Market. With accurate data and highly authentic information, it makes a brilliant attempt to provide a real, transparent picture of current and future situations of the global High-power Electron Beam Gun market. Market participants can use this powerful tool when creating effective business plans or making important…
MIRICO CLOUD enables real-time, visual monitoring of methane emissions to help t …
[OXFORD, United Kingdom] - Today MIRICO announced the public release of MIRICO CLOUD to the oil & gas industry. This online platform enables real-time visualisation of emissions data collected from their high precision gas sensing instruments.
MIRICO CLOUD takes this data and lets customers visualise the detection, localisation and quantifification of gas emissions across multiple oil & gas sites, all in one place. By producing results in real-time, customers can act…
Shriram Transport Finance Company Trusted Matrix Time-Attendance and Access Cont …
Company Profile
Shriram Transport Finance Company (STFC) was incorporated in the year 1979. With its head-office in Mumbai, STFC has 700+ branches across India. It is a part of the 'SHRIRAM' conglomerate, which has significant presence in financial services viz., commercial vehicle financing business, consumer finance, life and general insurance, stock broking, chit funds and distribution of financial products such as life and general insurance products and units of mutual funds.…
TeamSurv endorsed by European Space Agency and ESNC
TeamSurv gains support from the European Space Agency and wins 2nd prize in UK arm of European Satellite Navigation Challenge
TeamSurv, the crowd sourcing project to create better nautical charts, has won support and endorsement from the European Space Agency (ESA) and the European Satellite Navigation Competition (ESNC).
TeamSurv has won a call by ESA to enter their Business Incubation Centre (BIC) at Harwell, Oxford. This provides TeamSurv with finance, with business…
European Space Agency backs new company to exploit sensing technologies for terr …
Interasight becomes the 17th company to be awarded a place at the ESA Business Incubation Centre Harwell (ESA BIC Harwell), in Oxfordshire.
The company has been set up to market products based on terrestrial applications for ESA’s many sensing technologies and will improve quality control on food production lines, improving quality and helping better protect consumers’ health.
Roger Dewell, Interasight’s CEO said: “Current technologies are bulky and some, like X-ray…
