Shriram Transport Finance Company has posted a 17 per cent increase in its fourth quarter consolidated net profit helped by superior performance of its financing business.
During January-March quarter, the Chennai-based company reported a net profit of Rs 383 crore compared with Rs 329 crore a year-ago.
Total revenue from its financing business increased 22 per cent to Rs 1,888 crore (Rs 1,549 crore).
The board has recommended a dividend of Rs 4 per equity share. Earlier in November, the company had recommended a dividend of Rs 3 per equity share.
Shares of the commercial vehicle financier, closed at Rs 741.80, down 0.11 per cent on the Bombay Stock Exchange.