Friday, 24th January, 2025, Mumbai : The Board Meeting of Shriram Finance Limited (SFL) was held today to consider the unaudited financial results for the Third quarter ended 31st December, 2024.
Financials (Standalone) :
Third quarter ended 31st December, 2024 :
The Net Interest Income for the Third quarter ended 31st December, 2024 increased by 14.31 % and stood at Rs. 5,822.69 crores as against Rs. 5,093.93 crores in the same period of the previous year. The profit after tax [including one time gain of Rs. 1,489.39 crores (net of tax) for sale of our stake in subsidiary Shrim Housing Finance Limited (SHFL) (now renamed as Truhome Finance Limited)] stands at Rs. 3,569.76 crores as against Rs. 1,818.33 crores recorded in the same period of the previous year. However, excluding one time gain of Rs. 1,489.39 crores (net of tax) for sale of our stake in subsidiary SHFL, the profit after tax increased by 14.41 % and stands at Rs. 2,080.37 crores as against Rs. 1,818.33 crores in the same period of the previous year. The earning per share (basic) increased by 14.36 % (excluding sale of our stake in subsidiary SHFL) and stands at Rs. 11.07 as against Rs. 9.68 recorded in the same period of the previous year.
Financials (Standalone) :
Nine months ended 31st December, 2024 :
The Net Interest Income for the Nine months ended 31st December, 2024 increased by 16.95 % and stood at Rs. 16,783.90 crores as against Rs. 14,350.79 crores in the same period of the previous year. The profit after tax [including one time gain of Rs. 1,489.39 crores (net of tax) for sale of our stake in subsidiary SHFL (now renamed as Truhome Finance Limited)] stands at Rs. 7,621.61 crores as against Rs. 5,244.61 crores recorded in the same period of the previous year. However, excluding one time gain of Rs. 1,489.39 crores (net of tax) for sale of our stake in subsidiary SHFL, the profit after tax increased by 16.92 % and stands at Rs. 6,132.22 crores as against Rs. 5,244.61 crores in the same period of the previous year. The earning per share (basic) increased by 16.62 % (excluding sale of our stake in subsidiary SHFL) and stands at Rs. 32.62 as against Rs.
27.97 recorded in the same period of the previous year.
Interim Dividend :-
The Board declared an Interim Dividend of (125%) Rs. 2.50 per share, the Record Date for the entitlement thereof has been fixed as January 31, 2025.
Assets under Management :
Total Assets under Management as on 31st December, 2024 increased by 18.78 % and stood at Rs. 2,54,469.69 crores as compared to Rs. 2,14,233.47 crores as on 31st December, 2023 and Rs. 2,43,042.55 crores as on 30th September, 2024.