Shriram Transport Finance Q2 net up 23.8%

Mumbai: Shriram Transport Finance reported 23.8% increase in net profit after tax increased by 23.59%

During the quarter, the company reported profit of Rs 479.11 crore as against Rs 387.65 crore recorded in the same period of the previous year. The board declared an interim dividend of Rs 5 per share.

It’s net interest income- or the difference between interest earned and interest expended grew 20.65% to Rs 1,632.37 crore as against Rs 1,352.99 crores.

The earning per share increased by 23.59% to Rs. 21.11 as against Rs. 17.08 recorded in the same period of the previous year. The company’s total assets under management rose to Rs 85,462.57 crore from Rs 75,322.58 crore.

Shares of the company rose 2.57% from previous close to Rs 1,197.15 on the Bombay Stock Exchange.