Shriram City Union Finance reports 9% rise in Q1 net profit

Shriram City Union Finance has reported results for first quarter ended June 30, 2014.

The company’s net profit rose 8.77% at Rs 127.72 crore as compared to Rs 117.42 crore for the quarter ended June 30, 2013. Its total income has increased by 6.62% to Rs 859.07 crore for the quarter under review from Rs 805.74 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.