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Shriram City Union Finance reports 16% rise in Q1 net profit

29 Jul 2015 Evaluate

Shriram City Union Finance has reported results for first quarter ended June 30, 2015.

The company has reported a rise of 15.64% in its net profit at Rs 147.7 crore for the quarter ended June 30, 2015 as compared to Rs 127.72 crore for the same quarter in the previous year. The company’s total income has increased by 6.74% to Rs 917 crore for the quarter under review, from Rs 859.07 crore for the corresponding quarter of the previous year.

Shriram City Union Finance has presence in the following business segments - loan Against Gold (LAG), Small Business Finance Loans (SBF), Auto Loans, 2-Wheeler loans, Personal Loans and Consumer Durables Loans.

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