STFC - 31 July, 2008

Revenues for Q1 surged by 73.91%

Thursday, 31st. July, 2008, 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 quarter ended 30th. June, 2008.

The revenues for the first quarter ended 30th. June, 2008 surged by 73.91% toRs. 835.50 crores as against Rs. 480.41 crores of the same period previousyear. The profit after tax rose by 91.61% to Rs. 143.61 crores as against Rs.74.95 crores recorded in the same period previous year. The earning per sharesurged by 73.71% to Rs. 7.07 from Rs. 4.07 recorded in the same period earlier year.

Total Assets under Management as on 30th. June, 2008 stood at Rs. 20,678 crores as compared to Rs. 19,520 crores as on 31st. March, 2008.

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 462 branch offices. Based at Mumbai, it manages assets over Rs 22,500 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.
Telephone: 022-40959595