29 October, 2009

Unaudited Financial Results for the Quarter ended on 30th Sep 2009

Wednesday, 28th. October, 2009, 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 quarterended 30th. September, 2009.

The revenues for the second quarter ended 30th. September, 2009 increased by 17.61% from Rs. 911.18 crores to Rs. 1071.61 crores of the same period previous year.

The profit after tax increased by 25.26% from Rs. 165.61 crores to Rs. 207.45 crores recorded in the same period previous year. The earning per share increased by 20.39% from Rs. 8.14 to Rs. 9.80 recorded in the same period earlier year.
The Board approved, subject to the consent of the shareholders, issue of further capital upto Rs. 1,000 crores, in terms of the provisions of the Companies Act, 1956 and Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009.

The Board also declared an Interim Dividend of Rs. 2/- (20%) per share, the Record Date for the entitlement thereof has been fixed as November 10, 2009. The dividend payout would absorb a sum of Rs. 49.52 crores ( including dividend tax). Total Assets under Management as on 30th. September, 2009 stood at Rs. 25,823.75 crores as compared to Rs. 24,274.87 crores as on 30th.. June, 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.
Telephone: 022-40959595