In the same period the total income of the company went up by 67.36 per cent to Rs 161.79 crore compared to Rs 96.67 crore registered a year ago.
During 2007-08, the Kolkata-based company, reported a net profit of Rs 50.54 crore, up 61 per cent from Rs 31.4 crore registered in the corresponding period last year.
The total asset base of the company increased by 29 per cent to Rs 7,412.3 crore from Rs 5,742.5 crore reported a year ago.
While total disbursement of the company grew by 38 per cent from Rs 2,544.1 crore to Rs 3,512.8 crore.
MSFL has a diversified product portfolio which includes construction equipment finance, commercial vehicle finance, car and utility vehicle finance, used commercial vehicle finance and strategic construction equipment finance.
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The company is also into distribution of general insurance and personal loan. Announcing the financial results, Sanjay Chamria, vice-chairman and managing director of MSFL, said the company expects a moderate growth in the commercial vehicle finance segment.
Currently, the segment contributes 39.5 per cent of the business. "In the current fiscal we do not expect the commercial vehicle financing segment to rebound, so its share would go down to 32 per cent," Chamria adds.
However, the company is bullish on the car financing sector and expects a significant increase in the market share from the current three per cent.
"We have entered into preferred financial deals with leading car manufactures like Maruti Udyog Ltd, Hyundai Motors, General Motors and Mahindra and Mahindra. Consequently these tie-ups will help to increase our market share significantly in the currently," he said.
Similarly the company would also focus on the construction equipment financing and the tractor financing segments.