Shriram Transport Finance Company announced a sharp drop in consolidated net profit for the quarter ended September 2014. During the quarter, the profit of the company declined 11.90% to Rs 3,100.40 million from Rs 3,519.30 million in the same quarter last year.
Net sales for the quarter rose 7.61% to Rs 22,603.60 million, compared with Rs 21,004 million for the prior year period.
Earnings per share for the quarter stood at Rs 13.67, registering 11.86% decline over previous year period.
| Quarterly Results - consolidated (Rs in mn) |
| As at | Sep - 14 | Sep - 13 | %Change |
| Net Sales | 22,603.60 | 21,004.40 | 7.61 |
| Net Profit | 3,100.40 | 3,519.30 | (11.90) |
| Basic EPS | 13.67 | 15.51 | (11.86) |
Shares of the company declined Rs 22.4, or 2.43%, to trade at Rs 900.80. The total volume of shares traded was 9,706 at the BSE (12.12 p.m., Tuesday).
