Shriram Transport Finance Company fell 1.70% to Rs 292 at 14:49 IST on BSE even as the firm posted 91.61% surge in net profit to Rs 143.61 crore in Q1 June 2008 over Q1 June 2007.
The company announced the results during trading hours today, 31 July 2008.
The stock hit a high of Rs 304 and a low of Rs 288 so far during the day. The stock had a 52-week high of Rs 433 on 27 December 2007 and a 52-week low of Rs 150 on 21 August 2007.
From a recent low of Rs 278.60 on 22 July 2008, the stock rose 6.62% to Rs 297.05 on 30 July 2008. The stock gained 0.73% to Rs 297.05 on 30 July 2008 ahead of Q1 results.
The company has an equity capital of Rs 203.30 crore. Face value per share is Rs 10.
The current price of Rs 292 discounts its Q4 March 2008 annualised EPS of Rs 22.02, by a PE multiple of 13.26.
Shriram Transport Finance Company’s total income spurted 73.91% to Rs 835.50 crore in Q1 June 2008 over Q1 June 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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