Shriram Transport Finance’s Net Profit Jumps 44%
India’s Shriram Transport Finance’s (STFC) net profits jumped 44% YoY in the preceding quarter to INR 10.9bn ($140mn). Net interest income increased 22% to INR 26.3bn ($340mn), helping profits tick higher. Total operating revenues were up 13% to INR 50.9bn...
Shriram Transport Finance Reports Dip in Q3 Profits
Shriram Transport Finance Co (STFC) reported its Q3 2022 results with PAT falling 6.5% YoY to INR 6.8bn ($91mn) even as total income rose to INR 48bn ($646mn), up 8.8% YoY. While net interest income rose 11.2% to INR 24bn ($319mn), loan losses & provisions rose...
Shriram Transport Plans $500mn Offshore Issuance
Shriram Transport Finance plans to raise $500mn via an offshore issuance within the next 2-4 weeks. The issuance is expected to be that of a 5Y bond. As per ET, if the issuance goes as planned, it would be the first offshore bond sale by a non-bank lender in 2022. In...
