Shriram Transport Finance Company Ltd is a part of the SHRIRAM Group conglomerate which has a significant presence in the financing business. STFC is engaged in the business of commercial vehicle financing mainly focusing on trucks from preowned to new ones. It’s a Deposit-taking NBFC comprising 1,758 branches, 831 rural centers, and partnerships with ~500 private financiers.
Financial Results:
Shriram Finance Ltd reported Revenues for Q1FY24 of ₹8,287.00 Crores up from ₹7,133.00 Crore year on year, a rise of 16.18%.
Total Expenses for Q1FY24 of ₹5,991.00 Crores up from ₹5,315.00 Crores year on year, a rise of 12.72%.
Consolidated Net Profit of ₹1,712.00 Crores up 26.63% from ₹1,352.00 Crores in the same quarter of the previous year.
The Earnings per Share is ₹45.54, down 8.79% from ₹49.93 in the same quarter of the previous year.
*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.
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