STFC - 31 October, 2012

STFC Q2 2012 -13

Tuesday, 30th. October, 2012, Mumbai : 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 second quarter ended 30th. September, 2012.

Financials (Consolidated) :

Second quarter ended 30th. September, 2012 :
The Net interest Income for the second quarter ended 30th. September, 2012 increased by 6.15% to Rs. 913.60 crores as against Rs. 860.69 crores in the same period of the previous year. The profit after tax surged by 15.96% to Rs. 362.57 crores as against Rs. 312.69 crores recorded in the same period of the previous year. The earning per share (basic) also surged by 15.92% to Rs. 16.02 as against Rs. 13.82 recorded in the same period of the previous year.

Assets under Management :
Total Assets under Management as on 30th. September, 2012 surged by 18.04% to Rs. 46,465.90 crores as compared to Rs. 39,365.46 crores as on 30th. September, 2011.

Financials (Standlone) :

Second quarter ended 30th. September, 2012 :
The Net Interest Income for the second quarter ended 30th. September, 2012 increased by 3.96% to Rs. 867.77 crores as against Rs. 834.71 crores in the same period of the previous year. The profit after tax surged by 12.74% to Rs. 337.56 crores as against Rs. 299.41 crores recorded in the same period of the previous year. The earning per share (basic) for the second quarter ended 30th. September, 2012 surged by 12.69% from Rs.14.92 as against Rs. 13.24 recorded in the same period of the previous year.

Assets under Management :
Total Assets under Management as on 30th. September, 2012 surged by 15.78% to Rs. 44,085.01 crores as compared to Rs. 38,076.39 crores as on 30th. September, 2011.

Interim Dividend :
The board declared an Interim Dividend of Rs 3.00 (30%) per share, the Record Date for the entitlement thereof has been fixed as November 16, 2012. The dividend payout would absorb a sum of Rs. 79.10 crores (including dividend tax).

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 513 branch offices. Based at Mumbai, it manages assets over Rs 44,000 crores and has a live customer base exceeding 8,50,000.

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