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 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.
MOre to come…
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