Shriram Transport Finance Company Ltd announces third quarter results
Posted On: 2021-01-28 08:57:58 (Time Zone: Arizona, USA)
The Board Meeting of Shriram Transport Finance Company Limited (STFC), was held today to consider the unaudited financial results for the Third quarter ended 31st December, 2020.
Financials (Standalone):
Third quarter ended 31st December, 2020:
The Net Interest Income for the Third quarter ended 31st December, 2020 was at Rs. 2,148.22 crores as against Rs. 2,113.75 crores in the same period of the previous year. The profit after tax was Rs. 727.72 crores as against Rs. 879.16 crores recorded in the same period of the previous year. The earning per share (basic) for the third quarter ended 31St December, 2020 stood at Rs. 29.54 as against Rs. 37.76 recorded in the same period of the previous year.
Financials stocks were trading in the negative zone, with the S&P BSE Finance index falling 149.29 points or 2.12% at 6881.56 at 13:48 IST. Among the components of the S&P BSE Finance index, ICICI Securities Ltd (down 7.09%), Dewan Housing Finance Corporation Ltd (down 5%),SBI Cards & Payment Services Ltd (down 4.95%),ICICI Lombard General Insurance Company Ltd (down 4.64%),Ujjivan Financial Services Ltd (down 4.63%), were the top losers. Among the other losers were Shriram Transport Finance Company Ltd (down 4.4%), Aditya Birla Capital Ltd (down 4.05%), Axis Bank Ltd (down 3.94%), DCB Bank Ltd (down 3.8%), and Central Bank of India (down 3.67%). On the other hand, IFCI Ltd (up 5.2%), MAS Financial Services Ltd (up 4.4%), and Bank of Maharashtra (up 3.89%) moved up.
Financials stocks were trading in green, with the S&P BSE Finance index increasing 5.97 points or 0.08% at 7053.13 at 09:48 IST. Among the components of the S&P BSE Finance index, Shriram Transport Finance Company Ltd (up 5.95%), Capri Global Capital Ltd (up 4.47%),Cholamandalam Investment & Finance Company Ltd (up 2.55%),Shriram City Union Finance Ltd (up 2.35%),Housing Development Finance Corporation Ltd (up 1.72%), were the top gainers. Among the other gainers were HDFC Bank Ltd (up 1.68%), Mahindra & Mahindra Financial Services Ltd (up 1.64%), Paisalo Digital Ltd (up 1.49%), Spandana Sphoorty Financial Ltd (up 1.33%), and Pilani Investment & Industries Corporation Ltd (up 1.32%). On the other hand, RBL Bank Ltd (down 5.77%), Nippon Life India Asset Management Ltd (down 5.48%), and Dewan Housing Finance Corporation Ltd (down 4.94%) turned lower.
Shriram Automall India Limited (SAMIL), part of Shriram Group and MXC Solutions, has received the Standardisation Testing & Quality Certification (STQC) E-Procurement System (ePS) certificate from the Ministry of Electronics & Information Technology. The certificate will enable the company to foray into the Rs 50,000 crore public sector forward auction industry. After going through extensive tests for nearly three years, SAMIL has become the first private company in India to have its auction portal certified by the prestigious STQC directorate for exclusively conducting “forward auctions”, which is among the first of its kind issued by the agency, said Sameer Malhotra, CEO SAMIL. He added that STQC is an e-procurement system that is responsible for maintaining e-governance standards and related conformity according to DeitY-guidelines which are an essential requirement for various government agencies for their e-procurement needs and for various entities to conduct forward a
Financials stocks were trading in the negative zone, with the S&P BSE Finance index falling 76.46 points or 1.04% at 7246.72 at 13:48 IST. Among the components of the S&P BSE Finance index, Shriram Transport Finance Company Ltd (down 6.05%), Magma Fincorp Ltd (down 5.05%),Cholamandalam Investment & Finance Company Ltd (down 4.93%),Dolat Investments Ltd (down 4.71%),Dewan Housing Finance Corporation Ltd (down 4.64%), were the top losers. Among the other losers were Dhanlaxmi Bank Ltd (down 4.2%), Muthoot Finance Ltd (down 4.13%), Bandhan Bank Ltd (down 3.93%), Bajaj Finance Ltd (down 3.63%), and Housing Development Finance Corporation Ltd (down 2.91%). On the other hand, Housing & Urban Development Corporation Ltd (up 12.3%), Jammu and Kashmir Bank Ltd (up 8.63%), and Paisalo Digital Ltd (up 4.31%) moved up.