Shriram Finance Q4 Results: Profit Rises 10%, NII Up 13%

Shriram Finance Ltd.'s standalone net profit rose 9.9% in the fourth quarter of the last financial year, meeting analysts' estimates.

The company posted a profit of Rs 2,139.4 crore in the quarter ended March, according to an exchange filing on Friday. Analysts tracked by Bloomberg had a consensus estimate of Rs 2,137.



5 crore.Shriram Finance Q4 Highlights (Standalone, YoY)Total income up 20.7% to Rs 11,460.

25 crore versus Rs 9,497.85 crore.Net profit up 9.

9% to Rs 2,139.39 crore versus Rs 1,945.87 crore (Bloomberg estimate: Rs 2,137.

5 crore).Net interest income up 13% to Rs 6,051.2 crore versus Rs 5,336.

1 crore.Gross NPA at 4.55% versus 5.

38% (QoQ)Net NPA at 2.64% versus 2.68% (QoQ)Q4 Results Live: Tata Tech Profit Beats Estimate; RBL Bank Bottomline Hit With Higher ProvisionsThe net interest margin for the quarter was lower at 8.

25% compared to 9% in the previous year.The gross non-performing assets ratio was at 4.55% versus 5.

38% in the previous quarter. The net NPA ratio is at 2.64% for the quarter.

This compares to 2.68% in the previous quarter.NBFCs Q4 Results Preview — Motilal Oswal Projects Muted Quarter; Shriram Finance Among Top Picks.

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