{"id":156636,"date":"2023-11-24T07:33:14","date_gmt":"2023-11-24T12:33:14","guid":{"rendered":"https:\/\/44.250.171.167\/?p=156636"},"modified":"2023-11-24T07:33:15","modified_gmt":"2023-11-24T12:33:15","slug":"shriram-finance-ltd-q2fy24-13-rise-in-profits","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/shriram-finance-ltd-q2fy24-13-rise-in-profits\/","title":{"rendered":"Shriram Finance Ltd Q2FY24; 13% rise in Profits"},"content":{"rendered":"\n<p>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&#8217;s a Deposit-taking NBFC comprising 1,758 branches, 831 rural centers, and partnerships with ~500 private financiers.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Financial Results:<\/h2>\n\n\n\n<p>Shriram Finance Ltd reported Revenues for Q2FY24 of \u20b98,884.00 Crores up from \u20b97,583.00 Crore year on year, a rise of 17.16%.<\/p>\n\n\n\n<p>Total Expenses for Q2FY24 of \u20b96,488.00 Crores up from \u20b95,470.00 Crores year on year, a rise of 18.61%.<\/p>\n\n\n\n<p>Consolidated Net Profit of \u20b91,792.00 Crores up 13.49% from \u20b91,579.00 Crores in the same quarter of the previous year.<\/p>\n\n\n\n<p>The Earnings per Share is \u20b947.59, down 18.31% from \u20b958.26 in the same quarter of the previous year.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"839\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-313-839x1024.png\" alt=\"\" class=\"wp-image-156637\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-313-839x1024.png 839w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-313-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-313-768x937.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-313-1259x1536.png 1259w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-313.png 1489w\" sizes=\"auto, (max-width: 839px) 100vw, 839px\" \/><\/figure>\n\n\n\n<p>*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.<\/p>\n\n\n\n<p>*The presented data is automatically generated. It may occasionally generate incorrect information.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/app.asai.alphastreet.io\/test-drive\/dashboard?utm_source=IN_WordPress&amp;utm_medium=IN_WordPress&amp;utm_campaign=IN_WordPress&amp;utm_id=IN_WordPress\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"870\" height=\"321\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/ASAI-Product-2-5.gif\" alt=\"\" class=\"wp-image-156437\"\/><\/a><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>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&#8217;s a Deposit-taking NBFC comprising 1,758 branches, 831 rural centers, and partnerships with ~500 [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":156637,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,392,1],"tags":[9708,10216,12409],"class_list":["post-156636","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-earnings","category-finance-stocks","tag-nbfc","tag-trucks","tag-vehicle-finance"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-313.png","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":166513,"url":"https:\/\/alphastreet.com\/india\/shriram-finance-ltd-q3fy25-73-rise-in-profits\/","url_meta":{"origin":156636,"position":0},"title":"Shriram Finance Ltd Q3FY25; 73% rise in Profits","author":"Chirag Gupta","date":"January 24, 2025","format":false,"excerpt":"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. 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