Shriram Transport Finance, a non-banking financial company, has posted a rise of 44.11 per cent in its net profit at Rs 298.96 crore for the quarter ended September compared with Rs 207.45 crore in the previous corresponding quarter.
The total income of the company climbed 22.73 per cent to Rs 1,305.76 crore during the period from Rs 1,063.95 crore last year.
The company also has declared an interim dividend of Rs 2.50 per share with a record date of November 9.
Total expenditure during the quarter under review for the company went up to Rs 311.77 crore against Rs 226.56 crore last year, up 37.61 per cent.
On the assets and liabilities front, Shriram Transport's fixed assets were down 45.43 per cent to Rs 42.78 crore against Rs 78.39 crore last year during the same quarter.
The total loan funds, including secured and unsecured, stood at Rs 24,774.45 crore compared with Rs 24,249.99 crore, up 2.16 per cent.
The company's current liabilities as on 30 September more than doubled to Rs 4,607.67 crore against Rs 2,258.79 crore last year during the same period.
On the Bombay Stock Exchange, shares of the company were trading strong at Rs 794, up 1.96 per cent at 1:37 pm.