18 January, 2010

Unaudited Financial Results for the Quarter ended on 31st Dec 2009

Monday, 18th. January, 2010, Mumbai : The Board Meeting of Shriram Transport Finance Company Limited (STFC), the largest asset financing NBFC in the country, was held today inter-alia to consider the Unaudited financial results for the quarter ended 31st. December, 2009.

The revenues for the third quarter ended 31st. December, 2009 increased by 17.82% from Rs. 991.23 crores to Rs. 1,167.88 crores of the same period previous year. The profit after tax increased by 58.60% from Rs. 149.31 crores to Rs. 236.81 crores recorded in the same period previous year. The earning per share increased by 52.04% from Rs. 7.34 to Rs. 11.16 recorded in the same period earlier year.

The revenues for the nine month ended 31st. December, 2009 increased by 19.17% from Rs. 2,744.22 crores to Rs. 3,270.39 crores of the same period previous year. The profit after tax for the nine months ended 31st. December, 2009 also increased by 32.74 % from Rs. 458.54 crores to Rs. 608.68 crores recorded in the same period previous year.
During the quarter, Shriram Transport purchased Commercial Vehicle & Construction Equipment loan portfolio aggregating to Rs. 1105.49 crores from GE Capital Services India and GE Capital Financial Services.

Total Assets under Management as on 31st. December, 2009 stood at Rs. 28,178.57 crores as compared to Rs. 25,823.75 crores as on 30th. September, 2009.

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 484 branch offices. Based at Mumbai, it manages assets over Rs 29,000 crores and has a live customer base exceeding 7,00,000.

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