STFC - 25 January, 2013

STFC Q3 2012 -13

Friday, 25th. January, 2013, Chennai : 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 third quarter ended 31st. December, 2012.

Financials (Consolidated) :

Third quarter ended 31st. December, 2012 :
The Net interest Income for the third quarter ended 31st. December, 2012 increased by 13.70% to Rs. 948.41 crores as against Rs. 834.13 crores in the same period of the previous year. The profit after tax surged by 19.39% to Rs. 375.33 crores as against Rs. 314.37 crores recorded in the same period of the previous year. The earning per share (basic) also surged by 18.99% to Rs. 16.54 as against Rs. 13.90 recorded in the same period of the previous year.

Assets under Management :
Total Assets under Management as on 31st. December, 2012 surged by 20.86% to Rs. 49,269.89 crores as compared to Rs. 40,765.47 crores as on 31st. December, 2011.

Financials (Standlone) :

Third quarter ended 31st. December, 2012 :
The Net Interest Income for the third quarter ended 31st. December, 2012 increased by 11.31% to Rs. 894.70 crores as against Rs. 803.77 crores in the same period of the previous year. The profit after tax surged by 14.31% to Rs. 345.99 crores as against Rs. 302.68 crores recorded in the same period of the previous year. The earning per share (basic) for the second quarter ended 31st. December, 2012 surged by 13.98% from Rs.15.25 as against Rs. 13.38 recorded in the same period of the previous year.

Assets under Management :
Total Assets under Management as on 31st. December, 2012 surged by 18.56% to Rs. 46,544.6 crores as compared to Rs. 39,259.59 crores as on 31st. December, 2011.

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 530 branch offices. Based at Mumbai, it manages assets over Rs 46,500 crores and has a live customer base exceeding 9,00,000.

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