Net interest income grew 16.36% to Rs 5,606.7 crore in Q2 FY25 as against Rs 4,818.2 crore recorded in the same period a year ago. Net interest margin reduced to 8.74% in Q2 FY25 as compared to 8.93% registered in Q2 FY24.
As on 30 September 2024, total assets under management climbed 19.94% to Rs 2,43,042.55 crore as compared to Rs 2,02,640.96 crore as on 30 September 2023.
Liquidity coverage ratio was at 234.61% as on 30 September 2024 as against 291.19% as of 30 September 2023. Cost to income ratio improved to 27.95% in Q2 FY25 from 27.34% reported in Q2 FY24.
The firm's return on assets (ROA) and return on equity (ROE) stood at 3.06% and 16%, respectively in the quarter ended 30 September 2024.
On half year basis, the company’s net profit gained 18.25% to Rs 4,051.85 crore on 18.83% rise in total income to Rs 19,693.75 crore in H1 FY25 over H1 FY24
Meanwhile, the company's board declared an interim dividend of Rs 22 per share for financial year 2024-25 and has set the record date on 7 November 2024. The interim dividend payout will be made to eligible shareholders by 24 November 2024.
Further, the board of directors approved split/ sub-division of one equity share with a face value of Rs 10 into 5 shares of face value of Rs 2, subject to approval of the members of the company. The record date for the same will be intimated in due course.
Shriram Finance is India's largest retail asset financing non-banking finance company (NBFC). It is the flagship company of the Shriram group which has significant presence in Consumer Finance, Life Insurance, General Insurance, Housing Finance, Stock Broking and Distribution businesses.