The Board Meeting of Shriram Transport Finance Company Limited (STFC) was held

The Board Meeting of Shriram Transport Finance Company Limited (STFC) was held today to consider the unaudited financial results for the first quarter ended 30th June, 2020.

Financials (Standalone) :
Quarter ended 30th June, 2020 :

The Net Interest Income for the first quarter ended 30th June, 2020 was Rs. 1,820.35

crores as against Rs. 1,947.02 crores in the same period of the previous year. The profit after tax was Rs. 320.06 crores (including COVID-19 provision of Rs. 956.15 crores) as against Rs. 634.25 crores recorded in the same period of the previous year. The earning per share (basic) stands at Rs. 14.11 as against Rs 27.96 recorded in the same period of the previous year.

Assets under Management :
Total Assets under Management as on 30th June, 2020 stands at Rs. 111,756.37 crores as compared to Rs.106,343.48 crores as on 30th June, 2019 and Rs. 109,749.24 crores for the year ended 31st. March, 2020.

Shriram Transport Finance Q4FY20

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 31^st March, 2020.

Financials (Standalone) :

Year ended 31^st March, 2020 :

The Net Interest Income for the year ended 31^st 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 31^st March, 2020:

The Net Interest Income for the fourth quarter ended 31^st 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 31^st March, 2020 stands at Rs. 109,749.24

crores as compared to Rs.104,482.28 crores as on 31^st March, 2019.