NEW DELHI: Shriram Housing Finance, an affordable housing finance company, registered a 67% growth in its profit after tax (PAT) to Rs 62.1 crore for the quarter ended March 31, 2024.
The company’s assets under management (AUM) grew to Rs 13,762 crore in Q4 FY24. It also raised Rs 400-crore capital during the last quarter.
Ravi Subramanian, MD & CEO of the company said, “Total AUM has grown 4x over the past three years, with a CAGR of 56%.”
The disbursals for the quarter jumped 77% year-on-year to Rs 2,302 crore and the overall disbursal reached Rs 7,591 crore in the past fiscal year.
Asset quality also improved with Gross Stage-3 assets at 1.03%, a 2 bps increase quarter-on-quarter, and 10 bps increase year-on-year.
Net Interest Margin (NIM) in the same quarter improved by 108 bps year-on-year to 7.6%.
The company’s PAT stood at Rs 217.4 crore in FY24, registering a year-on-year growth of 58%. Total AUM has grown 3.5 times over the past three years with a compound annual growth rate (CAGR) of 56% in the past four years.
