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Shriram City Union Finance reports 23% jump in Q1 net profit

29 Jul 2016 Evaluate

Shriram City Union Finance has reported results for first quarter ended June 30, 2016.

The company has reported 23.08% rise in its net profit at Rs 181.79 crore for the quarter ended June 30, 2016 as compared to Rs 147.70 crore for the same quarter in the previous year. The company’s total income increased by 15.05% to Rs 1055.00 crore for the quarter under review from Rs 917.00 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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