Mumbai, October 28, 2016 : The Board Meeting of Shriram Transport Finance Company Limited (STFC), one of the largest asset financing NBFC in the country, was held today to consider the unaudited standalone financial results for the second quarter ended 30th September, 2016.
Financials (Standlone) :
Second quarter ended 30th September, 2016 :
The Net Interest Income for the second quarter ended 30th September, 2016 stands at Rs. 1,352.99 crores as against Rs. 1,193.79 crores in the same period of the previous year. The profit after tax stands at Rs. 387.65 crores as against Rs. 338.10 crores recorded in the same period of the previous year. The earning per share (basic) stands at Rs. 17.08 as against Rs. 14.90 recorded in the same period of the previous year.
Assets under Management :
Total Assets under Management as on 30th September, 2016 stands at Rs. 75,322.58 crores as compared to Rs. 63,252.97 crores as on 30th September, 2015.
Interim Dividend : –
The Board declared an Interim Dividend of Rs 4.00 (40%) per share, the Record Date for the entitlement thereof has been fixed as November 04, 2016. The dividend payout would absorb a sum of Rs. 109.23 crores (including dividend tax).
Change in Managing Director & CEO : –
Shriram Transport Finance Company Ltd also announced that its Board of Directors has appointed Mr. Umesh Revankar as Managing Director & CEO of Shriram Transport Finance Company Ltd in the interest of continuity following the induction of Mr.Jasmit Singh Gujral into Shriram Capital Ltd. The change will take effect from October 26, 2016.
Corporate Comm India(CCI Newswire)
