Shriram Transport Finance Q4 net falls 9% at Rs 308 cr

Commercial vehicle financing company Shriram Transport Finance has reported a lower than expected net profit of Rs 308 crore for the fourth quarter of FY12, a fall of 9.4% as compared to Rs 340 crore in a year ago period.

Net interest income too declined 13.6% to Rs 280 crore from Rs 324 crore during the same period.

Numbers came in lower than expectations - analysts on average had expected net profit at Rs 337 crore and net interest income at Rs 300 crore.

Source: www.moneycontrol.com

Thanks,

Gaurav Agarwal

Head Dealer

DENIP Consultants Pvt Ltd