iris - 11 July, 2006

Phenominal jump in Net Profit for the quarter ending March 2006

Shriram Transport Finance Company Ltd. has announced a phenomenal jump in net profits for the quarter ending in March 2006.

During the quarter, the company experienced a 102.47% rise in profits from Rs. 153.70 million to Rs. 311.20 million. Sales for the quarter rose 124.48% to Rs. 2354.30 million compared with the corresponding quarter a year ago.

Operating margins improved to 66.78% during the quarter, a rise of 541.99 basis points compared with the corresponding quarter.