SHRIRAM TRANSPORT FIN. Announces Quarterly Results (3QFY19); Net Profit Up 28.2%

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SHRIRAM TRANSPORT FIN. Announces Quarterly Results (3QFY19); Net Profit Up 28.2%
Tue, 29 Jan

SHRIRAM TRANSPORT FIN. has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

SHRIRAM TRANSPORT FIN. Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Operating incomeRs m30,87739,38039,9101.3%29.3%
Other incomeRs m129824-75.8%96.7%
Total revenuesRs m30,88939,47839,9341.2%29.3%
InterestRs m13,45518,48919,2624.2%43.2%
Gross Profit Rs m17,33020,78420,539-1.2%18.5%
Other expensesRs m9,71011,49210,723-6.7%10.4%
Profit before taxRs m7,6339,3909,8394.8%28.9%
TaxRs m2,6763,2953,4855.8%30.2%
Profit after taxRs m4,9566,0966,3554.2%28.2%
Gross profit margin %56.152.851.5
Effective tax rate%35.135.135.4
Net profit margin%16.115.515.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The bank's operating income (interest earned) during the quarter grew 29.3% on a year-on-year (YoY) basis. The interest expended was up by 43.2% YoY during the same period.
  • The bank's operating profit increased by 18.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 51.5% in 3QFY19 as against 56.1% in 3QFY18.
  • Other income increased by 96.7% YoY during the quarter.
  • Net profit for the quarter increased by 28.2% YoY. Net profit margins during the quarter declined from 16.1% in 3QFY18 to 15.9% in 3QFY19.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 1.3% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 4.2% QoQ during the same period.
  • The bank's operating profit declined by 1.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 51.5% in 3QFY19 as against 52.8% in 2QFY18.
  • Net profit for the quarter increased by 4.2% QoQ, while net profit margins increased from 15.5% in 2QFY18 to 15.9% in 3QFY19.

To see how SHRIRAM TRANSPORT FIN. has performed over the last eight quarters, please visit here.

SHRIRAM TRANSPORT FIN. Share Price Performance

Over the last one year, SHRIRAM TRANSPORT FIN. share price has moved up from Rs 1,431.6 to Rs 1,010.5, registering a Loss of Rs 421.2 or around 29.4%.

Overall, the S&P BSE SENSEX is down 1.9% over the year.

Current Valuations

At the current price of Rs 1,010.5, the price to earnings (P/E) ratio of SHRIRAM TRANSPORT FIN. stands at 11.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.8 times.

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