The largest auto financing player Shriram Transport Finance Company today reported an 8 per cent drop in post-tax profit at Rs 346 crore.
Net interest income inched up to Rs 1,412.11 crore from Rs 1,320.53 crore, the Chennai-based company said in a statement.
Total assets under management rose to Rs 76,281.36 crore from Rs 66,538.35 crore a year ago. PTI HV
Non-banking finance company Capital First today reported a 38 per cent increase in net profit at Rs 61.4 crore in the December quarter helped by higher growth in its retail loan book.
"Retail loan has been a big driver for us. The retail book grew by 33 per cent to Rs 17,015.4 crore in the quater from Rs 12,764.4 crore in the year ago period," the company's founder and chairman, V Vaidyanathan, said.
Asset under management AUM grew Rs 18,783.5 crore as on December 31, 2016 with its retail loan portfolio contributing to 91 per cent of its overall AUM. The gross NPA stood at 0.95 per cent and the net NPA was at 0.37 per cent. The reported NPA is on 120 DPD basis, as per RBI's NPA recognition norms. PTI HV
IDFC net plunges 43 pc on spike in expenses
IDFC today reported a massive 43 per cent drop in consolidated net profit at Rs 101 crore for the three months to December despite a 34 per cent increase in operating income grew to Rs 1,033 crore.
The higher income was whittled down by a massive 60 per cent increase in operating expenses at Rs 480 crore, thus shaving off the bottomline growth, the company said in a statement.
The AUM of its AMC business rose to Rs 56,211 crore, out of which equity AUM comprised 22 per cent. IDFC Alternatives reported an AUM of Rs 17,716 crore across nine funds in three asset classes. While its investments stood at 74 across funds it has so far exited 48 investments.
Disclaimer: No Business Standard Journalist was involved in creation of this content
