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Shriram Transport Finance Q1 net profit falls 50 to Rs

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Shriram Transport Finance Firm (STFC) on Thursday reported almost 50 per cent decline in consolidated internet revenue at Rs 320.06 crore within the first quarter ended June. The corporate had posted a internet revenue of Rs 634.25 crore in the identical quarter a 12 months in the past.

Nevertheless, complete revenue of the non-banking finance firm (NBFC) rose to Rs 4,144.70 crore throughout April-June interval of 2020-21 from Rs 4,031.18 crore in the identical interval of 2019-20, STFC stated in a regulatory submitting.

Complete belongings beneath administration as on June 30, 2020 stood at Rs 1.12 lakh crore as in contrast with Rs 1.06 lakh crore a 12 months in the past, it stated.

The Shriram Group firm has presence in shopper finance, life insurance coverage, basic insurance coverage, inventory broking and distribution enterprise.

Shares of STFC on Thursday closed 5.73 per cent larger at Rs 702.60 apiece on the BSE.

First Printed on Aug 13, 2020 10:55 pm

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