Shriram Finance Q4 Results: PAT jumps 49% YoY to Rs 1,946 crore, NII rises 20%

NBFC Shriram Finance on Friday reported that its March quarter standalone profit after tax increased 48.73% year-on-year (YoY) to Rs 1,946 crore as against Rs 1,308 crores recorded in the same period of the previous year.

Its net interest income (NII) rose 20% YoY to Rs 5,336 crore as against Rs 4,446 crore in the same period previous year.

While the profit figure was close to the Street estimates, NII was above expectations. The NBFC announced a final dividend of Rs 15 per share which will be paid to eligible shareholders before August 28.

Net interest margin (NIM) rose from 8.99% in Q3 to 9.02% in Q4 and provisions were up 1% sequentially to Rs 1,261 crore.

Shriram Finance’s total assets under management as on March-end increased 21.10% sequentially and stood at Rs 224,861.98 crore at the end of the quarter.The earning per share (basic) increased by 48.23% and was Rs 51.79 as against Rs 34.94 recorded in the same period of the previous year.Shares of the NBFC were trading 1% higher at Rs 2515 on the BSE on Friday.Also Read: Bajaj Finserv Q4 Results: PAT jumps 20% YoY to Rs 2,119 crore