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20 20  |2015-16|(% style="width:761px" %)Merger of Shriram Equipment Finance Co. Ltd with STFC
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24 24  [[image:SRTRANSFIN0.jpg]]
25 25  
26 26  == Products ==
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83 83  
84 84  = Financial Highlights =
85 85  
86 -For the financial year ended March 31, 2020, your Company earned Profit Before Tax of Rs.3,438.67 crores as against Rs.3,778.27 crores in the previous financial year and the Profit After Tax of Rs.2,501.84 crores as against Rs.2,563.99 crores in the previous financial year. The total income for the year under consideration was Rs.16,582.63 crores and total expenditure was Rs.13,143.96 crores.
85 +For the financial year ended March 31, 2020, the company earned Profit Before Tax of Rs.3,438.67 crores as against Rs.3,778.27 crores in the previous financial year and the Profit After Tax of Rs.2,501.84 crores as against Rs.2,563.99 crores in the previous financial year. The total income for the year under consideration was Rs.16,582.63 crores and total expenditure was Rs.13,143.96 crores.
87 87  
88 88  The total Assets Under Management had increased to Rs.109,749.24 crores from Rs.104,482.29 crores. During 2019-20, the Company securitized its assets worth Rs. 16,581.13 crores (accounting for 15.11 % of the total assets under management as on March 31, 2020) as against Rs. 15,123.06 crores during 2018-19. With securitisation, the Company ensures better borrowing profile, leading to lower interest liability owing to its lending to priority sector as per RBI. The outstanding direct assigned portfolio stood at Rs. 1,247.53 crores as on March 31, 2020.
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