Business and Finance Business and Finance
Wed, November 27, 2024

Shriram Finance Standalone September 2024 Net Sales at Rs 0,089.54 crore, up 7.93% Y-o-Y


Published on 2024-11-27 00:40:36 - Bill Williamson, WOPRAI
  Print publication without navigation

  • - Per. of shares (as a % of the total sh. of prom. and promoter group)----- - Per. of shares (as a % of the total Share Cap. of the company)----- Advisory Alert: It has come to our attention that certain individuals are representing themselves as ...

Shriram Finance reported a significant increase in its standalone net sales for September 2024, reaching Rs 10,089.54 crore, marking a 17.93% year-over-year growth. The company's net profit also saw a substantial rise, increasing by 11.75% to Rs 1,786.10 crore compared to the same period last year. This growth was driven by a strong performance in its core lending business, particularly in vehicle financing and small business loans. Additionally, the company's asset quality improved, with gross non-performing assets (NPAs) decreasing to 5.79% from 6.32% a year ago, reflecting better credit management and collection efficiency. The results indicate Shriram Finance's robust operational performance and its ability to navigate through economic challenges effectively.

Read the Full moneycontrol.com Article at [ https://www.moneycontrol.com/news/business/earnings/shriram-finance-standalone-september-2024-net-sales-at-rs-10089-54-crore-up-17-93-y-o-y-2-12877330.html ]
Contributing Sources