Shriram Transport Finance Q4 net rises 16.6%

Non-banking finance company Shriram Transport Finance on Tuesday reported a 16.63 per cent rise in consolidated net profit at Rs 383.46 crore for the fourth quarter ended March 31, 2013, on the back of spurt in loan growth.

Net profit of the company had stood at Rs 328.77 crore during the same period in FY12.

Income from operations rose 21 per cent to Rs 1,907 crore in the March quarter of FY13 compared to Rs 1,575.62 crore in the corresponding period in FY2012. Net interest margin (NIM) fell marginally to 7.23 per cent from 7.5 per cent a year earlier.

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