NBFC player Shriram Transport Finance Company Limited has released its Consolidated financial results for Q1FY24.
During the quarter ended June 30, 2023, the company recorded a total income of Rs. 8292.53 crores, showing QoQ growth of 3.92% compared to Rs. 7979.75 crores reported in the previous quarter ended March 31, 2023.
The net profit for the quarter ended June 30, 2023, stood at Rs. 1705.24 crores, representing a 32.68% QoQ increase from Rs. 1285.19 crores in the quarter ended March 31, 2023.
The Earnings Per Share (EPS) for the quarter ended June 30, 2023, came in at Rs. 45.34, which is higher than the EPS of Rs. 33.82 reported for the previous quarter ended March 31, 2023.
Comparing the same quarter of the previous year, the company’s total income for the period ended June 30, 2023, amounted to Rs. 8292.53 crores, showing a 16.17% YoY growth compared to Rs. 7138.25 crores reported for the period ended June 30, 2022.
The net profit for the period ended June 30, 2023, was Rs. 1705.24 crores, also showing a 26.24 YoY increase from Rs. 1350.83 crores reported for the period ended June 30, 2022.
The Earnings Per Share (EPS) for the period ended June 30, 2023, came in at Rs. 45.34, compared to Rs. 36.06 reported for the period ended June 30, 2022.
Shriram Transport Finance Company Limited’s shares closed at Rs.1817.85 on the NSE.