Shriram Finance Q2 Results: Net profit jumps 18% to Rs 2,071 crore; Rs 22 per share dividend declared

Shriram Finance on Friday reported a profit after tax (PAT) growth of 18.3% at Rs 2,071.26 crores as against Rs 1,750.84 crores recorded in the same period of the previous year. The Net Interest Income (NII) for the second quarter ended September, 30 2024 increased by 16.37% and stood at Rs 5,606.74 crores as against Rs. 4,818.18 crores in the same period of the previous year.

The company's board declared an interim dividend of Rs 22 per share and has set the record date on November 7, 2024.

Total Assets Under Management (AUM) as on September 30, 2024 increased by 20% and stood at Rs 2,43,042 crore as compared to Rs 2,02,641 crores as on September 30, 2023 and Rs 2,33,444 crores as on June 30, 2024.

More to come...