Tuesday, May 27, 2008

Shriram Transport Finance robust Q4 show

Shriram Transport Finance gained 1.80% to Rs 345 at 10:43 IST on BSE on reporting 131.3% surge in net profit to Rs 111.85 crore on 77.6% growth in net sales to Rs 749.73 crore in Q4 March 2008 over Q4 March 2007.

The stock hit a high of Rs 349 and a low of Rs 342.15 so far during the day. The stock had a 52-week high of Rs 433 on 27 December 2007 and the stock hit a 52-week low of Rs 143.50 on 28 May 2007.

The company’s current equity is Rs 203.14 crore. Face value per share is Rs 10.

The current price of Rs 345 discounts its Q4 March 2008 annualised EPS of Rs 22.02, by a PE multiple of 15.67.

Shriram Transport Finance Company’s net profit rose 104.74% to Rs 389.82 crore on 76.20% rise in total income to Rs 2494.14 crore in the year ended March 2008 over the year ended March 2007.

Shriram Transport Finance is the largest new and pre-owned commercial vehicle financing company in the country. It has a pan-India presence with four regional, 50 divisional and 327 branch offices.

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