Home / Business and Economy / Shriram Finance Profit Surges 41% in Q4
Shriram Finance Profit Surges 41% in Q4
24 Apr
Summary
- Standalone net profit increased by 41% to ₹3,014 crore in March quarter.
- Net Interest Income grew 21% to ₹6,751 crore for the same period.
- Core lending business shows steady and positive growth trajectory.
Shriram Finance has reported a substantial increase in its financial performance for the quarter ending March. The company's standalone net profit surged by 41%, reaching ₹3,014 crore. This marks a significant improvement compared to the ₹2,139 crore profit recorded in the corresponding quarter of the previous fiscal year.
Accompanying this profit growth, Shriram Finance's Net Interest Income (NII) also saw a healthy rise. The NII for the March quarter grew by 21%, amounting to ₹6,751 crore, up from ₹5,566 crore in the prior year. This performance indicates a sustained and positive trajectory for the company's core lending activities.
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