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Business EconomyPosted at: Oct 25 2024 5:34PM


Shriram Finance profit rises 18 pc to Rs 2,071 crore in Q2, dividend declared

New Delhi, Oct 25 (UNI) Non-banking finance company (NBFC) Shriram Finance on Friday reported 18.30% year-on-year increase in standalone net profit to Rs 2,071.26 crore for the July-September quarter (Q2) of the current financial year 2024-25.
The NBFC had posted a profit of Rs 1,750.84 crore in the Q2 of previous financial year 2023-24.
The Net Interest Income of the company increased by 16.37% in the September quarter of the current fiscal and stood at Rs 5,606.74 crores as against Rs 4,818.18 crores in the same period of the previous year.
The earning per share (basic) of the NBFC during the quarter under review increased by 18.04%
and stood at Rs 55.09 as against Rs 46.67 recorded in the same period of the previous year.
Shriram Finance has declared an interim dividend of Rs 22 per share and fixed the record date for the entitlement thereof as November 7, 2024.
"Total Assets under Management (AUM) as on 30th September, 2024 increased by 19.94% and stood at Rs 243,042.55 crores as compared to Rs 202,640.96 crores as on 30th September, 2023 and Rs 233,443.63 crores as on 30th June, 2024," the company said.
The company in a media release said that its consolidated profit after tax increased by 20.17% in the Q2FY25 and stood at Rs 2,153.27 crores as against Rs 1,791.83 crores recorded in the same period of the previous year.
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Tags: #Shriram Finance profit rises 18 pc to Rs 2#071 crore in Q2# dividend declared
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