Shriram Transport Finance (NBFC) Company, the largest truck financier of India

Shriram Transport Finance on Tuesday reported a 15.9 per cent increase in consolidated net profit at Rs 362.63 crore for the second quarter ending September 30.

The city-based non-banking finance company (NBFC) had reported a consolidated net profit of Rs 312.70 crore in the corresponding period of last year.

For the half year period ending September 30, the consolidated net profits of the company marginally grew to Rs 704.72 crore against Rs 665.68 crore registered during the same period last year, Shriram Transport Finance said in a BSE filing.

The consolidated total income for the second quarter stood at Rs 1,704.26 crore as against Rs 1,527.82 crore registered during the same period of last year.

For the six month period ending September 30, 2012, the consolidated total income rose to Rs 3,299.48 crore from Rs 3,052.14 crore registered during the year ago period.

The company’s consolidated total assets under management as on September 30, 2012 grew by 18.04 per cent to Rs 46,465.90 crore as compared to Rs 39,365.46 crore as on September 30, 2011.

At its meeting today, the Board of Directors of the NBFC declared an interim dividend of Rs 3 (30 per cent) per share, in which the dividend pay out would absorb Rs 79.10 crore.

The earnings per share (basic) surged by 15.92 per cent to Rs 16.02 as against Rs 13.82 recorded in the same period of last year.

Shares of the company today settled higher by 1.26 per cent at Rs 615.40 apiece on the BSE.

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