Shriram Transport Finance Company Ltd has reported a 25 per cent increase in first quarter net profit at Rs 573 crore against Rs 460 crore in the year-ago period.
Revenue from operations was up 20 per cent year-on-year (yoy) to Rs 3,732 crore (Rs 3,116 crore in the year-ago quarter). Other income jumped to Rs 7.40 crore (Rs 2.77 crore).
Finance costs rose 19 per cent y-o-y to Rs 1,851 crore (Rs 1,552 crore). Provisions and write-offs nudged up 4 per cent to Rs 533 crore (Rs 511 crore).