Shriram Trans.Fi Q4 net profit zooms 237.96% at Rs 754.93 cr
The company reported standalone net profit of Rs 754.93 crore for the quarter ended March 31, 2021 as compared to Rs 223.38 crore in the same period last year, registering a year-on-year growth of 237.96 per cent. Net revenue of the company rose moderately by 7.81 per cent at Rs 4,493.97 crore in January-March quarter of this fiscal as against Rs 4,168.42 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 24.17 per cent to Rs 1,239.52 crore from Rs 1,634.58 crore in year ago period. Other Income dipped by 15.58 per cent at Rs 3.90 crore versus (Mar'20 Rs 4.62 crore).
Operating Profit surged by 28.44 per cent to Rs 3,254.45 crore as against Rs 2,533.84 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 19.13 per cent in March quarter. Interest grew by 5.98 per cent y-o-y to Rs 2,287.85 crore, while Taxation increased by 51.92 per cent at Rs 183.09 crore (Mar'20 Rs 120.52 crore).
