New Delhi: Shriram Transport Finance Firm (STFC) on Thursday reported an over 38 per cent rise in its internet revenue at Rs 1,066.87 crore within the quarter ended September 2022. The non-banking finance firm had witnessed a internet revenue of Rs 771.24 crore within the year-ago quarter ended September 2021.
The corporate’s whole earnings throughout July-September interval of 2022-23 elevated by practically 14 per cent to Rs 5,351.28 crore as in opposition to Rs 4,702.81 crore in the identical interval of economic yr 2021-22, it mentioned in a regulatory submitting.
Internet curiosity earnings of STFC was up by practically 23 per cent at Rs 2,694 crore throughout the quarter as in opposition to Rs 2,193 crore.
The earnings per share throughout the quarter stood at Rs 39.44, up from Rs 28.71 final yr.
Price to earnings ratio, nonetheless, spiked a tad at 21.12 per cent for the quarter underneath assessment as in opposition to 20.73 per cent in Q2FY22.
The Property Underneath Administration (AUM) rose by 11.18 per cent to Rs 1,35,249.34 crore.
There was an enchancment within the asset high quality of the NBFC with the gross Non-Performing Property (NPAs or unhealthy loans) falling to six.93 per cent of the gross advances on the finish of September 2022 from 7.82 per cent within the earlier yr.
Internet NPAs additionally got here down to three.48 per cent from 4.18 per cent.
STFC mentioned its collections for the primary and second quarter have been greater than 100 per cent of the demand.
On the merger of Shriram Capital and Shriram Metropolis Union Finance with the corporate, authorized by its board in December final yr, it mentioned the petition filed earlier than NCLT Chennai department was listed for remaining listening to on October 19, 2022 which was heard and the order is awaited.
It has acquired approvals/no objection to the scheme from varied statutory authorities.
With regard to categorisation of the corporate as higher layer NBFC as per the Reserve Financial institution pointers, STFC mentioned the corporate is within the strategy of framing board authorized coverage/ implementing plan for adhering to Scale Based mostly Regulatory framework as per the prescribed timelines.
