Operating Performance In-line; Higher Provisioning Drags PAT Shriram Transport Finance Company (STFC) has reported a subdued performance in 4QFY17 with its net profit rising by mere 4% YoY (-56.7% QoQ) to Rs1.5bn. Provisioning for bad debts rose by 6.3% YoY and 44.6% QoQ to Rs6.1bn, as collections continued to remain sluggish in certain pockets along with moving to 120days NPA recognition norms. Disbursements improved by 29.5% QoQ to Rs105.2bn in 4QFY17 as against Rs81.2bn in 3QFY17 primarily due to revival of the demand post demonetization. Its AUM grew by mere 3.3% QoQ and 8.2% YoY to Rs789bn. Assets quality deteriorated as gross NPA ratio increased marginally by 154bps QoQ to 8.2%...