Shriram Transport Finance Co. Ltd. Reports Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014
January 24, 2015 at 04:59 am EST
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Shriram Transport Finance Co. Ltd. reported unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, on consolidated basis the company reported income from operations of INR 23,457.9 million, total income from operations of INR 23,458.1 million, profit from operations before other income, finance cost and exceptional items of INR 16,888.8 million, profit from ordinary activities before tax of INR 4,838.7 million, net profit of INR 3,212.7 million or INR 14.16 per diluted share compared to income from operations of INR 21,968.4 million, total income from operations of INR 21,968.4 million, profit from operations before other income, finance cost and exceptional items of INR 15,852.0 million, profit from ordinary activities before tax of INR 4,623.4 million, net profit of INR 3,248.5 million or INR 14.32 per diluted share for the same period a year ago.
For the nine months, on consolidated basis the company reported income from operations of INR 67,556.2 million, total income from operations of INR 67,557.6 million, profit from operations before other income, finance cost and exceptional items of INR 48,188.6 million, profit from ordinary activities before tax of INR 13,992.1 million, net profit of INR 9,442.1 million or INR 41.62 per diluted share compared to income from operations of INR 63,250.9 million, total income from operations of INR 63,265.6 million, profit from operations before other income, finance cost and exceptional items of INR 46,155.5 million, profit from ordinary activities before tax of INR 14,962.8 million, net profit of INR 10,430.5 million or INR 45.97 per diluted share for the same period a year ago.
For the quarter, on standalone basis the company reported income from operations of INR 22,026.4 million, total income from operations of INR 22,026.6 million, profit from operations before other income, finance cost and exceptional items of INR 16,001.7 million, profit from ordinary activities before tax of INR 4,704.0 million, net profit of INR 3,124.5 million or INR 13.77 per diluted share compared to income from operations of INR 20,323.3 million, total income from operations of INR 20,323.3 million, profit from operations before other income, finance cost and exceptional items of INR 14,784.7 million, profit from ordinary activities before tax of INR 4,267.5 million, net profit of INR 3,013.8 million or INR 13.28 per diluted share for the same period a year ago.
For the nine months period, on standalone basis the company reported income from operations of INR 63,261.2 million, total income from operations of INR 63,262.6 million, profit from operations before other income, finance cost and exceptional items of INR 45,637.5 million, profit from ordinary activities before tax of INR 13,642.1 million, net profit of INR 9,210.8 million or INR 40.60 per diluted share compared to income from operations of INR 58,732.6 million, total income from operations of INR 58,747.3 million, profit from operations before other income, finance cost and exceptional items of INR 42,952.5 million, profit from ordinary activities before tax of INR 13,838.0 million, net profit of INR 9,692.5 million or INR 42.72 per diluted share for the same period a year ago.
Shriram Finance Limited is an India-based retail asset financing non-banking finance company (NBFC). The Company is a finance provider catering to the needs of small road transport operators and small business owners and is engaged in organized financing of pre-owned commercial vehicles and two- wheelers. It has a vertically integrated business model and offers various financing products, which include passenger commercial vehicles, loans to micro and small and medium enterprises (MSMEs), tractors and farm equipment, gold, personal loans and working capital loans. It operates in the areas of loan origination, valuation of pre-owned commercial vehicles and other assets, and collections. It has a presence in consumer finance, life insurance, general insurance, stockbroking, and distribution businesses.
Shriram Transport Finance Co. Ltd. Reports Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014