'Shriram Finance has
posted storing 19% surge in the net profit to Rs 2022.80 crore on consolidated
basis in the quarter ended June 2024 (Q1FY2025). The company has witnessed
sequential decline in the net interest margin to 8.79% in Q1FY2025 from 9.02%
in the previous quarter, while remained higher than 8.33% in the corresponding
quarter last year. The net interest income (NII) of the
company increased 21% yoy to Rs 5354.5 crore in Q1FY2025.
The company has also
maintained strong and steady loan growth at 21% at end June 2024. The Asset
under Management (AUM) increased 21% to Rs 233444 crore at end June 2024.
Further, the company has exhibited an improvement in the asset quality, while
reducing the NNPA ratio in Q1FY2025.
Shriram
Finance Company reported 22% rise in Income from operations at Rs 9362.79 crore
on a consolidated basis. Other income declined 15% to Rs 246.92 crore compared
with Rs 290.06 crore in Q1FY2024. The total inc...
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