/ Shriram Transport's Net Profit Drops By 7.7% Stock Tumbles By 2.66% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 31 January 2017

Largest Non-Banking Finance Company (NBFC) in the country, Shriram Transport Finance Company Limited, has announced its unaudited standalone financial results for the third quarter and nine months ended on December 31, 2016.

Following are the excerpts of the financial results:

The net interest income for the third quarter stands at Rs 1412.11 cr as against Rs 1320.53 cr in the corresponding period of the previous year. The profit after tax stands at Rs 345.96 cr as against Rs 375.07 cr recorded in the corresponding period of the previous year.

Total assets under management as on December 31, 2016 stand at Rs 76281.36 cr as compared to Rs 66538.35 cr as on December 31, 2015. Being unable to factor in the poor performance, the stock tumbled to its low of Rs 933.60 per share, down by Rs 44.45 per share or 4.05%. The stock closed at Rs 954.75 per share down by Rs 23.3 per share or 2.38%.

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