Shriram Finance Ltd.

BSE: 511218 | NSE: SHRIRAMFIN
Large Cap | Finance - NBFC
935.10
33.35 (3.70%)
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Shriram Finance surges on reporting over 2-fold jump in Q3 consolidated net profit

Date: 01-02-2023

Shriram Finance is currently trading at Rs. 1329.35, up by 40.20 points or 3.12% from its previous closing of Rs. 1289.15 on the BSE.

The scrip opened at Rs. 1347.95 and has touched a high and low of Rs. 1365.00 and Rs. 1308.95 respectively. So far 38093 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1509.25 on 25-Jul-2022 and a 52 week low of Rs. 1002.50 on 08-Mar-2022.

Last one week high and low of the scrip stood at Rs. 1365.00 and Rs. 1228.00 respectively. The current market cap of the company is Rs. 49364.49 crore.

The promoters holding in the company stood at 25.29%, while Institutions and Non-Institutions held 54.04% and 20.68% respectively.

Shriram Finance has reported results for third quarter ended December 31, 2022. The company has reported over 2-fold jump in its net profit at Rs 1,776.97 crore for Q3FY23 as compared to Rs 680.62 crore for the corresponding quarter previous year. Total income of the company increased by 57.53% to Rs 7,612.29 crore for the quarter under review as compared to Rs 4,832.33 crore for the same quarter in the previous year.

On the consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 1,800.14 crore for Q3FY23 as compared to Rs 680.62 crore for the same quarter in the previous year. Total income of the company increased by 61.61% to Rs 7,809.39 crore for the quarter under review as compared to Rs 4,832.33 crore for the same quarter in the previous year.