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Shriram Transport Finance inches up after good Q4 earnings

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Capital Market
Last Updated : May 08 2013 | 1:30 PM IST

The stock had lost 0.11% to settle at Rs 741.80 on Tuesday, 7 May 2013, after the company announced the results at the fag end of trading session.

Meanwhile, the S&P BSE Sensex was up 17.11 points or 0.09% at 19,906.06.

On BSE, 30,000 shares were traded in the counter as against average daily volume of 84,667 shares in the past one quarter.

The stock hit a high of Rs 752.20 and a low of Rs 728.90 so far during the day. The stock had hit a 52-week high of Rs 800 on 15 January 2013. The stock had hit a 52-week low of Rs 475 on 16 May 2012.

The stock had outperformed the market over the past one month till 7 May 2013, jumping 8.28% compared with the Sensex's 7.8% surge. The scrip had, however, underperformed the market in past one quarter, sliding 4.12% as against Sensex's 1.58% rise.

The large-cap company has equity capital of Rs 226.86 crore. Face value per share is Rs 10.

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Shriram Transport Finance Company's consolidated net interest income (NII) rose 12.76% to Rs 952.10 crore in Q4 March 2013 over Q4 March 2012.

Shriram Transport Finance Company's consolidated net profit rose 11.8% to Rs 1463.42 crore on 13.5% growth in total income to Rs 7015.95 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012). NII rose 9.52% to Rs 3657.84 crore in FY 2013 over FY 2012.

Shriram Transport Finance Company's total assets under management (AUM) surged 25.11% to Rs 52717.18 crore as on 31 March 2013, from Rs 42137.27 crore as on 31 March 2012.

Shriram Transport Finance Company's board of directors at a meeting held on Tuesday, 7 May 2013, approved raising of funds by way of a public issue of secured, redeemable non-convertible debentures not exceeding Rs 2000 crore in one or more tranches, pursuant to the provisions of the SEBI (Issue and Listing of Debt Securities) Regulations, 2008.

The board also recommended final dividend of Rs 4 per share for FY 2013.

Shriram Transport Finance Company is India's largest commercial vehicle finance company. It has pan India presence with 539 branch offices. It is the largest asset financing non-banking financial company (NBFC) in the country.

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First Published: May 08 2013 | 12:32 PM IST

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