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.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.