 "Transport strike, trucks, protests, bharat bandh, unions, trade, strike")
Shriram Transport Finance Company Ltd’s profit before tax (PBT) rose by 20.6 per cent at Rs 1,186.3 crore in third quarter ended December 2019 (Q3FY20) on rise in other income and fall in loan losses and provisions.
It had posted a PBT of Rs 983.9 crore in quarter ended December 2018 (Q3FY19). Its stock closed flat at Rs 986.7 per share on BSE.
The Net Interest Income (NII) in reporting quarter rose by just 1.36 per cent at Rs 2,055.42 crore as against Rs. 2,027.87 crore in Q3FY19. The Net interest Margin on asset under management (AUM) declined by 30
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