The Board Meeting of Shriram Transport Finance Company Limited (STFC), the largest asset financing NBFC in the country, was held today to consider the unaudited financial results for the first quarter ended 30th. June, 2012.

Financials (Consolidated):

First quarter ended 30th. June, 2012 :

The Net interest Income for the first quarter ended 30th. June, 2012 increased to Rs. 843.75 crores as against Rs. 8.0081bn in the same period of the previous year. The profit after tax stands at Rs. 3.4208bn as against Rs. 3.53bn recorded in the same period of the previous year. The earning per share (basic) also stood at Rs. 15.12 as against Rs. 15.61 recorded in the same period of the previous year.

Assets under Management :

Total Assets under Management as on 30th June, 2012 increased by 16.10% to Rs. 440.6425bn crores as compared to Rs. 379.5474bn as on 30th June, 2011.

Financials (Standlone) :

First quarter ended 30th. June, 2012 :

The Net Interest Income for the first quarter ended 30th. June, 2012 increased to Rs. 8.0249bn as against Rs. 7.8206bn in the same period of the previous year. The profit after tax stands at Rs. 3.2185bn as against Rs. 3.4730bn recorded in the same period of the previous year. The earning per share (basic) for the first quarter ended 30th. June, 2012 stands at Rs.14.22 as against Rs.15.36 recorded in the same period of the previous year.

Assets under Management:

Total Assets under Management as on 30th June, 2012 increased by 13.31% to Rs. 419.2241bn crores as compared to Rs. 369.9722bn as on 30th June, 2011.