Shriram Finance Pat Up By 13% In 2nd Qtr Of Fy24, BFSI News, ET BFSI

Chennai: Shriram Finance Limited on Thursday reported a 12.6% growth in Profit after Tax (PAT) at Rs 1,750.8 crore in the quarter ended September 30, 2023 against Rs 1,555.1 crore in the corresponding quarter last year. Its net interest income for the second quarter FY24 rose by 17.4% and stood at Rs 4,818.2 crore.

A statement said, the total Assets under Management (AUM) stood at Rs 2,02,640 crore as on September 30, 2023. Of this, commercial vehicles share was at 48.6% AUM followed by passenger vehicles and MSME at 19.6% and 10.5%, respectively.

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