Shriram Transport Finance Company (STFC) has been showing consistent improvement on operational front led by strong growth in disbursement over last few quarters and strong bottom-line growth under Ind-AS reporting. Its disbursement grew by 24.1% YoY and 11.2% QoQ to Rs134.3bn in 1QFY19 owing to strong growth in new CV financing segment (+78.5% YoY and 21.7% QoQ) and healthy growth in used CV segment (+16.1% YoY & 8.5% QoQ). Consequently, AUM improved by 22.3% YoY to Rs1,010bn. AUM under newly introduced Ind-AS remained almost stable at 7.4% led by better ALM management. As a result, STFC's operating profit grew by 16.5% YoY to Rs14.1bn. Further, provisioning grew by just 4.4% YoY led by lower requirement...