Profit before tax stood at Rs 2,666.59 crore in the June quarter, up 18.64% as against to Rs 2,247.62 crore reported in Q1 FY24.
Net interest income grew 20.63% to Rs 5,354.47 crore in Q1 FY25 as against Rs 4,438.68 crore recorded in the same period a year ago. Net interest margin improved to 8.79% in Q1 FY25 as compared to 8.33% registered in Q1 FY24.
As on 30 June 2024, total assets under management climbed 20.82% to Rs 2,33,443.63 crore as compared to Rs 1,93,214.67 crore as on 30 June 2023.
Liquidity coverage ratio was at 225.19% as on 30 June 2024 as against 202.84% as of 30 June 2023. Cost to income ratio reduced to 27.45% in Q1 FY25 from 28.85% reported in Q1 FY24.
The firm's return on assets (ROA) and return on equity (ROE) stood at 3.12% and 16.03%, respectively in the quarter ended 30 June 2024.
Meanwhile, The NBFC announced that its board will consider raising of funds by issuing redeemable non-convertible debt securities including bonds in onshore/offshore market on private placement basis, subject to market conditions.
In this regard, the meeting of the company's banking and finance committee and allotment committee will be held to consider and approve the issuance and allotment of redeemable non-convertible debt securities / bonds during the period from 1 August 2024 to 31 October 2024.
Shriram Finance is India's largest retail asset financing non-banking finance company (NBFC). It is the flagship company of the Shriram group which has significant presence in Consumer Finance, Life Insurance, General Insurance, Housing Finance, Stock Broking and Distribution businesses.
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Valued Customer,
BOB Capital Markets Limited (BOBCaps) is firmly committed to the safety of your wealth. We would like to bring to your notice certain precautions that you certainly must take against potential tele-fraudsters/ unscrupulous and unregistered portfolio managers:
ALWAYS AVOID
Certain tele-fraudsters / unscrupulous and unregistered portfolio managers call customers or SMS them on the pretext of providing investment tips and lure them to invest through their bogus firms by promising huge profits. Such deceitful callers ask the customer to share his/her login credentials with passwords to allow trading in their accounts, assuring huge returns. Often trades done in the customer’s accounts are far from the best interest of the customers. Holdings of customers are often sold and with the funds, trades are then placed in illiquid securities at unrealistic prices. At times, the holdings of customers are sold at prices detrimental to the customer.
The so-called “portfolio manager” assures profits, which naturally does not materialize. Customers are deceived into providing access to their trading accounts, thereby allowing such fraudsters access to funds and securities available to execute trades, injurious to the customer’s interest.
We would like to caution you against such fraudulent calls and SMSes and urge you to be alert. Follow the golden rule:
Do not share your Login Credentials or Passwords with anybody
BOBCaps employees / representatives never ask for your password.
The following illicit activities by the persons named herein have come to the notice of Stock Exchanges: