26 Jan 2022 , 06:29 PM
During the quarter, the company saw an increase in the interest income by 6.4% at Rs4,661cr on a broad based pick up in the lending portfolio.
The net gains on fair value changes were also favourable and contributed to the top line favourably. The company has declared an interim dividend of 80% or Rs.8 per share.
However, on a sequential basis, the net profits were down -7.81%. The lower profits were due to the impairment on financial investments higher by 45.8% at Rs984cr in the quarter.
Higher provisions were also necessitated due to new method adopted. Net margins tapered from 16.54% in the Dec-20 quarter to 14.21% in the Dec-21 quarter. Net margins were also lower sequentially.
Financial highlights for Dec-21 compared yoy and sequentially
Shriram Transport | |||||
Rs in Crore | Dec-21 | Dec-20 | YOY | Sep-21 | QOQ |
Total Income (Rs cr) | ₹ 4,827.86 | ₹ 4,438.37 | 8.78% | ₹ 4,697.86 | 2.77% |
Net Profit (Rs cr) | ₹ 686.02 | ₹ 733.97 | -6.53% | ₹ 744.10 | -7.81% |
Diluted EPS (Rs) | ₹ 25.59 | ₹ 29.80 | ₹ 28.81 | ||
Net Margins | 14.21% | 16.54% | 15.84% |
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