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Non-banking financial company Shriram Finance announced Q4FY24 & FY24 results:
Consolidated Q4FY24:
- Net Interest Income increased by 22.27% to Rs 5,543.47 crore compared to Rs 4,533.63 crore in Q4FY23.
- Net Profit surged by 56.91% to Rs 2,021.28 crore from Rs 1,288.18 crore recorded in Q4FY23.
- Earnings per Share (basic) rose by 57.22% to Rs 53.47 compared to Rs 34.01 recorded in Q4FY23.
- Total Assets under Management as of March 31, 2024, increased by 21.10% and stood at Rs 2,24,861.98 crore as compared to Rs 1,85,682.86 crore as of March 31, 2023, and Rs 2,14,233.47 crore as of December 31, 2023.
Standalone Q4FY24:
- Net Interest Income increased by 20.02% to Rs 5,336.06 crore compared to Rs 4,445.89 crore in Q4FY23.
- Profit after tax rose by 48.73% to Rs 1,945.87 crore from Rs 1,308.31 crore in Q4FY23.
- Earnings per share (basic) surged by 48.23% to Rs 51.79 compared to Rs 34.94 in Q4FY23.
Consolidated FY24:
- Net Interest Income increased by 17.92% to Rs 20,367.67 crore from Rs 17,272.51 crore for FY23.
- Profit after tax grew by 22.90% to Rs 7,398.89 crore from Rs 6,020.03 crore recorded in FY23.
- Earnings per Share (basic) for the year ended March 31, 2024, increased by 22.29% to Rs 196.32 compared to Rs 160.54 recorded in FY23.
- The Board of Directors has recommended a final dividend of Rs 15/- per equity share of the nominal face value of Rs 10/- each fully paid up i.e. 150%, for FY24
Standalone FY24:
- Net Interest Income increased by 16.06% to Rs 19,686.85 crore from Rs 16,963.07 crore for FY23.
- Profit after tax grew by 20.26% to Rs 7,190.48 crore from Rs 5,979.34 crore recorded in FY23.
- Earnings per share (basic) increased by 20.00% to Rs 191.63 from Rs 159.69 recorded in FY23.
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