Shriram Finance on Friday reported a profit after tax (PAT) growth of 18.3%, reaching ₹2,071.26 crore in Q2 FY25 compared to ₹1,750.84 crore in the same quarter last year. The company’s Net Interest Income (NII) surged by 16.37%, totaling ₹5,606.74 crore, up from ₹4,818.18 crore in Q2 FY24.
Additionally, the company declared an interim dividend of ₹22 per share, with the record date set for November 7, 2024.
The Total Assets Under Management (AUM) as of September 30, 2024, grew by 20% to ₹2,43,042 crore, compared to ₹2,02,641 crore in the same period last year, and ₹2,33,444 crore as of June 30, 2024.
Shriram Finance has reported its financial performance for Q2 FY25, showing the following key figures:
- PAT (Profit After Tax): ₹2,070 crore
- NII (Net Interest Income): ₹5,464 crore
- PPOP (Pre-Provision Operating Profit): ₹3,987 crore
Additionally, the board has approved two major updates:
- Stock Split: The board has approved splitting each share into five.
- NCD Issuance: Approval has been granted for the issuance of redeemable Non-Convertible Debentures (NCDs) on a private placement basis, amounting to ₹35,000 crore.
