NEWS & ADVICE : HOME LOANS
Shriram City Union’s net profit up by 29% in Q4
By Joseph Samson
May 22, 2013
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The Chennai-based non-banking finance company, Shriram City Union Finance Ltd reported a 29 per cent growth in net profit at Rs 125.73 crore for the fourth quarter of the financial year 2012-2013.

The company posted profit of Rs 97.63 crore in the corresponding quarter of the previous year.

Income from operations was up by 36% at Rs 825.95 crore as compared to Rs 607.52 crore last year. The net interest income was at Rs 461.13 crore against Rs 342.77 crore.

The net interest margin stood at 11.45 per cent as compared to 10.97 per cent in quarter in 2011-12. For the full year 2012-13, net profit jumped by 31 per cent to Rs 449.62 crore compared with Rs 342.53 crore in 2011-12.

Total income from operations stood at Rs 3,071 crore, increased by 51 per cent. Total assets under management increased 17.85 per cent at Rs 15,828 crore as on March 31, 2013, against Rs 13,431 crore in the previous year.

Gross non-performing assets were at 2.19 per cent on March 31, 2013 compared to 1.55 per cent in 2012.


 


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