Shriram Finance Q4 Results: Profit Rises 10%, NII Up 13%
The net interest margin for the quarter was lower at 8.25% compared to 9% in the previous year.
Shriram Finance Ltd.'s standalone net profit rose 9.9% in the fourth quarter of the last financial year, meeting analysts' estimates.
The company posted a profit of Rs 2,139.4 crore in the quarter ended March, according to an exchange filing on Friday. Analysts tracked by Bloomberg had a consensus estimate of Rs 2,137.5 crore.
Shriram Finance Q4 Highlights (Standalone, YoY)
Total income up 20.7% to Rs 11,460.25 crore versus Rs 9,497.85 crore.
Net profit up 9.9% to Rs 2,139.39 crore versus Rs 1,945.87 crore (Bloomberg estimate: Rs 2,137.5 crore).
Net interest income up 13% to Rs 6,051.2 crore versus Rs 5,336.1 crore.
Gross NPA at 4.55% versus 5.38% (QoQ)
Net NPA at 2.64% versus 2.68% (QoQ)
The net interest margin for the quarter was lower at 8.25% compared to 9% in the previous year.
The gross non-performing assets ratio was at 4.55% versus 5.38% in the previous quarter. The net NPA ratio is at 2.64% for the quarter. This compares to 2.68% in the previous quarter.
