STFC earns higher profit

Shriram Transport Finance Company Ltd. (STFC), has, in a press release, stated that its net interest income for the second quarter ended September 30, 2015, stood at Rs. 1,193.79 crores as against Rs. 1,007.23 crores in the same period of the previous year. Profit after tax was at Rs. 338.10 crores (Rs. 302.21 crores), while the earning per share was Rs. 14.90 (Rs. 13.32).

Total assets under management as on September 30, 2015, stood at Rs. 63,252.97 crores as compared to Rs. 55,560.13 crores as on September 30, 2014.

The Board has declared an interim dividend of Rs. 4 (40 per cent) per share. The dividend payout would absorb a sum of Rs. 109.23 crores.