Media365
Net Interest Income (NII) increased 13.4% to ₹6,051.19 crore in the March quarter of fiscal 2025.
Shriram Finance Ltd. (SFL) standalone net profit increased 9.9% to ₹2,139 crore on higher interest income in quarter ended March 31. This number was ₹1,945.87 crore in the corresponding period of the previous year. Analyst however expected net profit to come in at more than ₹2,242 crore.
Net Interest Income (NII) increased 13.4% to ₹6,051.19 crore in the March quarter of fiscal 2025 as against ₹5,336 crore in theyear-agoo period. Net interest margin dipped to 8.25% in the quarter under review from 9.02% in the Q4FY24. Financing costs, however, increased at a faster 31% to ₹5224 crore in the quarter under review.
SFL’s Gorss Non Profitable Asset(GNPA) was 4.55% in the quarter ended in March 31 2025, as against 5.45% in the corresponding period of the previous fiscal. This was due to a technical write off that was provided for in provisions. “The reduction in GNPA is primarily on account of technical write off of Rs. 23,451.1 mn of assets which were fully provided for,” SFL said in its investor presentation.
The Net NPA dipped at 2.64% in the reporting quarter as against 2.7% in Q4FY24. NPA refers to stage 3 loans which refers to loans that are overdue payment for more than 90 days.
SFL posted a net profit of ₹9761 crore , up 35.7% in fiscal 2024-25 and announced a dividend of ₹3 per stock.
SFL’s stock plunged 8.1% to ₹640 as the company missed the expectations and had higher finance costs. The Benchmark Nifty50 slipped 0.86% to 24,039.35 points,
Published – April 25, 2025 08:51 pm IST
