Shriram Transport Finance Company Ltd's Q3FY19 standalone net profit rises 17.2% yoy to Rs635.50cr : In-line with Estimates

The company’s standalone NII in the quarter stood at Rs2,026.90cr, up 16.34% yoy but down 2.98% qoq.

Jan 28, 2019 05:01 IST India Infoline Research Team

Shriram Transport Finance Company Ltd Q3FY19

Standalone Results Q3FY19: (Rs. in cr)

Q3FY19 YoY (%)
NII 2,026.90 16.3
Net Profit (adjusted) 635.50 17.2

Shriram Transport Finance Ltd's net interest income (NII) for Q3FY19 came in at Rs2,026.9cr as against Rs1,745.5cr last year, an improvement of 16.3% yoy. Its net profit for the quarter came in at Rs635.5cr against Rs541.5cr last year, up 17.2% yoy and in line with the consensus estimates. Its GNPA for the quarter was 8.97% as against 8.77% qoq, an increase of 20bps. NNPA for the quarter was 2.78% as against 2.75% qoq, an increase of 3bps qoq.

• Its total AUM for Q3FY19 stood at Rs1.03 lakh cr as compared to Rs0.9 lakh cr yoy.

Technical View:

Shriram Transport Finance Company Ltd ended at Rs1,055.30, down 63.8 points, or 5.7%, from its previous close of Rs1,119.10 on the BSE. The scrip opened at Rs1,118.35 and touched a high and low of Rs1,118.55 and Rs1,042.55, respectively. A total of 25,80,524 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200-DMA.

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