Shriram Transport Finance Company Ltd announces Q1FY21 results

The Board Meeting of Shriram Transport Finance Company Limited (STFC) was held today to consider the unaudited financial results for the first quarter ended 30th June, 2020.

Financials (Standalone):

Quarter ended 30th June, 2020:

The Net Interest Income for the first quarter ended 30th June, 2020 was Rs. 1,820.35 crores as against Rs. 1,947.02 crores in the same period of the previous year. The profit after tax was Rs. 320.06 crores (including COVID-19 provision of Rs. 956.15 crores) as against Rs. 634.25 crores recorded in the same period of the previous year. The earning per share (basic) stands at Rs. 14.11 as against Rs 27.96 recorded in the same period of the previous year.

Assets under Management :

Total Assets under Management as on 30th June, 2020 stands at Rs. 111,756.37 crores as compared to Rs.106,343.48 crores as on 30th June, 2019 and Rs. 109,749.24 crores for the year ended 31st. March, 2020.

Shares of SHRIRAM TRANSPORT FINANCE CO.LTD. was last trading in BSE at Rs.702.6 as compared to the previous close of Rs. 664.5. The total number of shares traded during the day was 251200 in over 6202 trades.

The stock hit an intraday high of Rs. 705.2 and intraday low of 664.5. The net turnover during the day was Rs. 172074200.

Source : Equity Bulls

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