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Business EconomyPosted at: Apr 26 2024 3:52PM


Shriram Finance net jumps 57 pc to Rs 2,021 cr in Q4

New Delhi, April 26 (UNI) Shriram Finance on Friday reported 56.91% year-on-year jump in consolidated net profit at Rs 2,021.28 crore for the January-March period (Q4) of financial year 2023-24.
The non-banking financial company had posted a net profit of Rs 1,288.18 crore in Q4 of financial year 2022-23.
Shriram Finance's consolidated Net Interest Income (NII) for the fourth quarter ended 31st March 2024 increased by 22.27% and stood at Rs 5,543.47 crores as against Rs 4,533.63 crores in the same period of the previous year.
Consolidated earnings per share (basic) of the company increased by 57.22% and was Rs 53.47 as compared to Rs 34.01 recorded in the same period of the previous year.
Consolidated Net Interest Income (NII) for the year ended 31st March, 2024 increased by 17.92% and stood at Rs 20,367.67 crores as against Rs 17,272.51 crores for the year ended 31st March, 2023.
"Consolidated profit after tax increased by 22.90% and stands at Rs 7,398.89 crores as against Rs 6,020.03 crores recorded in the previous year," the company said in a media release.
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