 |
 |
|
« Back |
|
Third quarter revenues surges by 78.98%
STFC - 24 January, 2008
|
Wednesday, 23rd. January, 2008, Mumbai : The Financial Results Review Committee of the Board of Directors 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 and nine month ended 31st. December, 2007.
The revenues for the third quarter ended 31st. December, 2007 surged by 78.98% to Rs. 660.80 crores as against Rs. 369.21 crores of the same period previous year. The profit before tax increased by 83.52% to Rs. 161.77 crores as against Rs. 88.15 crores achieved in the same period earlier year. The profit after tax also rose by 94.80% to Rs. 107.10 crores as against Rs. 54.98 crores recorded in the same period previous year.
The revenues for the nine month ended 31st. December, 2007 surged by 75.11% to Rs. 1713.29 crores as against Rs. 978.38 crores of the same period previous year. The profit before tax increased by 92.42% to Rs. 423.38 crores as against Rs. 220.03 crores achieved in the same period earlier year. The profit after tax also rose by 93.18% to Rs. 274.37 crores as against Rs. 142.03 crores recorded in the same period previous year.
About Shriram Transport Finance Company Limited.
Shriram Transport Finance Company Limited is the flagship company of the Shriram group which has significant presence in Chit Funds, Life Insurance, General Insurance Consultancy, Consumer Durable Finance and Stock Broking Businesses. Established in 1979, STFC is today the largest asset financing NBFC in the country. It has PAN India presence with 6 regional offices, 80 divisional offices and 402 branch offices. Based out of Mumbai, it manages assets over Rs 16,600 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 Limited
smundra@stfc.in
Vinod K. Moorthy
IPAN
98210 46806
vinod.moorthy@ipan.com |
|
|
|
|