Shriram Transport profit of Rs. 1086/- Crore I
Shriram Transport’s net profit increases by 44%
According to car finance company Shriram Transport, the company has seen a 44% increase in net profit, an increase in loans and an increase in net interest income. The net profit for the quarter was Rs.1086 / – crore as against Rs. 755 / – crore. Net interest income increased by 22% to Rs. 2628 / – crore. In the same quarter last year, the amount was Rs. 2151 / – crore. Total asset management has increased by 8% to Rs. 1.27 lakh crore. Net interest margin is 6.96%. The company provides a loan of over 50% of the total outstanding debt. The company has improved asset quality. For the financial year ended March 2022, the company’s net profit increased by 9% to Rs. 2708 / – crore. Net interest income increased by 14% to Rs. 9316 / – crore
