Shriram Transport Finance net up 20%

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Code: 511218

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Code: SRTRANSFIN

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Shriram Transport Finance net up 20%

BS Reporter / Mumbai 26 Jul 11 | 05:53 PM

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Shriram Transport Finance Company reported a 20% increase in its standalone net profit for the quarter ended June 30, 2011 due to 20% rise in its net interest income during the quarter.

Net profit increased to Rs 347 crore from Rs 288.9 crore in the corresponding year ago quarter.

Net interest income increased to Rs. 814.59 crore from Rs. 677.17 crore. Total income during the quarter rose to Rs 1393 crore from Rs 1233 crore. Total Assets under Management as on 30th June,2011 stood at Rs. 36,997 crores as compared to Rs. 36,182 crores as on 31st March, 2011.

The shares of the company closed down 3.41% at Rs 678 on BSE on Tuesday.