Shriram Transport declares June quarter results. Muted growth on sequential basis

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Shriram Transport declares results. NP at Rs 347.3 crore
The non-banking financial institution which hold the maximum market share for commercial vehicle financing is Shriram Transport Finance Corporation. The company declared its June quarter results which showed an increase in revenue by 12.95% to Rs 1393.22 crore. On a sequential basis, over the previous quarter, the increase was mere 3.60%.

Similarly the net profit for the company increased by 20% to Rs 347.3 crore for the quarterly result of June 2011, year-on-year (y-o-y). But then on a sequential basis the increase in net profit was only 1.96%. For a company like sriram transport finance corporation it was a disappointment according to analysts.

The company's EPS went up from Rs 12.81 per share in June 2010 to Rs 15.36 per share in June 2011.

At the margin levels the company's operating profit margin was less during June quarter of 2011 by 0.61 percentage points over the corresponding quarter of the previous year. Where as the net profit margin for the same period had grown by 1.51 percentage points. 

OneIndia Money

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