Shriram Finance Ltd. reported first-quarter standalone web revenue grew 18.21% to ₹1,980.59 crore from ₹1,675 crore within the year-earlier interval.
Web curiosity revenue for the interval ended June 30, 2024 stood at ₹5,354 crore, up 20.63% YoY.
Provisions elevated to ₹1,188 crore from ₹ 879 crore within the year-earlier interval.
Web curiosity margin (NIM) stood at 8.79% in Q1FY25 and was down 23bps YoY. The NIM was largely fixed as a consequence of a secure yield on advances, the corporate mentioned in a submitting. Gross NPA stood at 5.39% in Q1 FY25 and was down 64bps YoY. Web NPA stood at 2.71% in Q1 FY25 down 25bps YoY. Belongings underneath administration (AUM) as of June 30, 2024, elevated by 20.82% and stood at ₹2,33,444 crore in contrast with ₹ 1,93,215 crore within the year-earlier interval.
The corporate reported consolidated web revenue grew 18.60% to ₹2,030.64 crore over the identical interval final 12 months.
