STFC - 30 September, 2009

Revenues for Q2 surged by 58.34%

Friday, 24th. October, 2008, New Delhi : The Board Meeting of Shriram Transport Finance Company Limited (STFC), the largest asset financing NBFC in the country, was held today to consider the Unaudited financial results for the quarter and half year ended 30th. September, 2008.

The revenues for the second quarter ended 30th. September, 2008 surged by 58.34% to Rs. 905.75 crores as against Rs. 572.05 crores of the same period previous year. The profit after tax also rose by 79.41% to Rs. 165.63 crores as against Rs. 92.32 crores recorded in the same period previous year.

The revenues for the half year ended 30th. September, 2008 surged by 65.45% to Rs. 1,741.26 crores as against Rs. 1,052.46 crores of the same period previous year. The profit after tax also rose by 84.88% to Rs. 309.24 crores as against Rs. 167.27 crores recorded in the same period previous year.

The Board also declared an Interim Dividend of Rs. 1.00 (10%) per share.

Total Assets under Management as on 30th. September, 2008 stands at Rs. 22,550 crores as compared to Rs. 20,678 crores as on 30th. June, 2008.

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. Established 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 462 branch offices. Based at Mumbai, it manages assets over Rs 22,500 crores and has a live customer base exceeding 6,00,000. Its equity partners include TPG New Bridge, Chrys Capital, Citicorp and Axis Bank.

For Further information, please contact:

Mr. Sanjay K. Mundra

Vice President

Shriram Transport Finance Company Ltd.

Wockhardt Towers,
3rd Floor, West Wing, G Block,
Bandra-Kurla Complex,
Bandra (East),
Mumbai - 400051.
Email:
Telephone: 022-40959595