Non-banking finance company (NBFC) Shriram Finance on Friday reported 9 per cent year-on-year (y-o-y) growth in net profit for the quarter ended June at ₹2,156 crore, led by stable core income growth.
The NBFC’s net interest income (NII) grew 13 per cent on year to ₹6,026 crore in Q1, while net interest margin fell to 8.11 per cent in Q1 from 8.25 per cent in previous quarter.
Assets under management (AUM) rose 17 per cent y-o-y to ₹2.72 lakh crore. Commercial vehicle and passenger vehicle loans contribute over 65 per cent of the NBFC’s total AUM.
Gross and net stage-3 asset ratio stood at 4.53 per cent and 2.57 per cent in Q1FY26 versus 4.55 per cent and 2.64 per cent in previous quarter, respectively. Capital adequacy ratio stood at…
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