Business Line - 28 June, 2006

Shriram Transport Finance Board recommends Dividend

Shriram Transport Finance has reported a net profit of Rs 31.12 crore for the quarter ended March 31. It was Rs 15.37 crore for the same period last year. The data for the quarter and the financial year includes figures of Shriram Investments consequent to its merger and hence data for the quarter are not comparable. Net profit for the financial year ended March 31, 2006, was Rs 121.22 crore (Rs 49.32 crore). Its turnover was Rs 840.38 crore in 2005-06 (Rs 344.22 crore). The board of directors has recommended an interim dividend of 20 per cent, in addition to the interim dividend of 10 per cent declared earlier.