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 Q2FY24 of ₹8,884.00 Crores up from ₹7,583.00 Crore year on year, a rise of 17.16%.
Total Expenses for Q2FY24 of ₹6,488.00 Crores up from ₹5,470.00 Crores year on year, a rise of 18.61%.
Consolidated Net Profit of ₹1,792.00 Crores up 13.49% from ₹1,579.00 Crores in the same quarter of the previous year.
The Earnings per Share is ₹47.59, down 18.31% from ₹58.26 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.