23 January, 2009

Third quarter revenues surge by 48.22%

The Board Meeting of Shriram Transport Finance Company Limited (STFC), the largest asset financing NBFC in the country, was held today to consider the financial results as reviewed by the joint auditors for the quarter and nine month ended 31st. December, 2008. The revenues for the third quarter ended 31st. December, 2008 surged by 48.22% to Rs. 972.85 crores as against Rs. 656.36 crores of the same period previous year. The profit after tax also rose by 34.88% to Rs. 149.31 crores as against Rs. 110.70 crores recorded in the same period previous year. The revenues for the nine month ended 31st. December, 2008 surged by 58.84% to Rs. 2,697.14 crores as against Rs. 1,698.00 crores of the same period previous year. The profit after tax also rose by 64.96 % to Rs. 458.54 crores as against Rs. 277.97 crores recorded in the same period previous year. Total Assets under Management as on 31st. December, 2008 surged by 35.80% to Rs. 22,796 crores as against Rs. 16,786 crores of the same period previous year.

About Shriram Transport Finance Company Limited.
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 470 branch offices. Based at Mumbai, it manages assets over Rs 22,750 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