Shriram Finance shares in focus after Q3 profit shoots up 73% YoY. Should you invest?
Shriram Finance shares will remain in focus after the NBFC firm reported a 73% increase in consolidated net profit to Rs 3,249 crore for the third quarter ended December 2024, up from Rs 1,874 crore in the same quarter last year.
Total income for the quarter rose to Rs 10,705 crore, compared to Rs 8,927 crore a year ago. Net interest income increased by 14.3% to Rs 5,823 crore, up from Rs 5,094 crore in Q3 FY24.
Assets under management (AUM) rose to Rs 2,54,469.69 crore, compared to Rs 2,14,233.47 crore as of December 31, 2023.
On the asset quality front, the gross non-performing assets (NPAs) declined to 5.38% of gross loans from 5.66% a year ago. Similarly, net NPAs eased to 2.68%, down from 2.72% in the third quarter of the previous fiscal.
Also Read: Stocks in news: Bajaj Housing, ICICI Bank, YES Bank, Tata Steel, IndiGo
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