Company Profile For Shriram Transport Finance Company Limited

Shriram Transport Finance Company Limited (SRTR.BO) (Bombay Stock Exchange)

sector: Financials · industry: Consumer Financial Services ·

As of 10:44am IST

442.00INR

Price Change

+7.65

Percent Change

+1.76%

Analyst Recommendations

Overview

Shriram Transport Finance Company Limited (STFC) is an India-based asset financing non-banking financial company. The Company provides commercial vehicle finance to almost 600,000 customers across India. Its products include financing of pre-owned and new commercial and passenger vehicles, construction equipment, tractors, three wheelers and multi-utility vehicles. It also offers finance for working capital, engine replacement and tyre-loans. The Company also owns windmills and biomass, which generate income from sale of electricity. During the fiscal year ended March 31, 2009, the Company opened 49 branches across India. As at March 31, 2009, the Company had 479 branches.

Quick Financial Synopsis

BRIEF: For the three months ended 30 June 2009, Shriram Transport Finance Company Limited's revenues increased 22% to RS10.2B. Net income increased 14% RS1.64B. Revenue reflects an increase in income from Financing Activities Segment. Net income was partially higher employees cost, a rise in provision & write offs and a rise in other expenditure. The Company provides commercial vehicle finance to customers across India.