Shriram Finance Q4 Results: Profit Jumps 49%, Net Interest Margin Expands

Shriram Finance Ltd. reported a rise in net profit for the fourth quarter of fiscal 2024. The bottom line of the non-banking finance company rose 48.8% year-on-year to Rs 1,946 crore in the quarter-ended March 31. This compares with Rs 1,308 crore profit over the same period a year ago, and is in line with a Bloomberg estimate of Rs 1,922 crore.

• Total income rose 22.5% to Rs 9,498 crore vs Rs 7,769 crore.

• AUM increased 21% to Rs 2.25 lakh crore vs Rs 1.86 lakh crore.

• Net profit surged 48.8% to Rs 1,946 crore vs Rs 1,308 crore.

• Net interest income rose 20% to Rs 5,336 crore vs Rs 4,446 crore.

• Operating profit increased 27% to Rs 3,906 crore vs Rs 3,081 crore.

• The board has recommended a final dividend of Rs 15 per share.

• Provisions rose 1% to Rs 1,261 crore vs Rs 1,250 crore (QoQ).

• Net interest margin expands 3 basis points to 9.02% vs 8.99% (QoQ).

• Gross NPA ratio at 5.45% vs 5.66%, down 21bps (QoQ).

• Net NPA ratio at 2.7% vs 2.72%, down 2 bps (QoQ).