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 audited financial results for the fourth quarter and year ended 31st March, 2020.
Financials (Standalone) :
Year ended 31st March, 2020 :
The Net Interest Income for the year ended 31st March, 2020 was Rs. 7,916.77
crores as against Rs. 7,762.04 crores in the previous year. The profit after tax was Rs. 2,501.84 crores (including COVID-19 provision of Rs. 909.64 crores) as against Rs. 2,563.99 crores recorded in the previous year. The earning per share (basic) stands at Rs. 110.27 as against Rs 113.01 recorded in the previous year.
Fourth quarter ended 31st March, 2020:
The Net Interest Income for the fourth quarter ended 31st March, 2020 was Rs. 1,917.92 crores as against Rs.1,902.76 crores in the same period of the previous year. The profit after tax stands at Rs. 223.38 crores (including COVID-19 provision of Rs. 909.64 crores) as against 746.04 crores recorded in the same period of the previous year. The earning per share (basic) stands at Rs 9.85 as against Rs.32.88 recorded in the same period of the previous year.
Dividend :
The Board of Directors at its meeting held on October 24,2019, had declard interim dividend of Rs. 5/- per equity share of Rs. 10/- each for the financial year 2019-20. The interim dividend was paid to eligible shareholders on November 19,2019. In order to conserve cash resources to face the challenges and contingencies created by Corona virus pandemic (COVID-19), the Board of Directors have not recommended final dividend. As such, the interim dividend shall be the final dividend for the financial year 2019-20.
Assets under Management :
Total Assets under Management as on 31st March, 2020 stands at Rs. 109,749.24
crores as compared to Rs.104,482.28 crores as on 31st March, 2019.
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