Shriram Finance Ltd (SFL) for the third quarter ended December 31, 2024 reported standalone net profit of ₹3,570 crore including one time gain of ₹1,489.39 crore (net of tax) for sale of its stake in subsidiary Shriram Housing Finance Ltd (SHFL) (now renamed as Truhome Finance Ltd) against ₹1,818.33 crore in the same period of the previous year, up 96.3%.
Excluding the one time gain the net profit increased by 14.41 % to ₹2,080.37 crore.
The net interest income for the quarter increased by 14.31 % Year on Year (YoY) to ₹5,822.69 crore.
The Board declared an interim dividend of (125%) ₹2.50 per share, the record date for the entitlement has been fixed as January 31, 2025.
On a consolidated basis the company’s net profit for the quarter grew to ₹3,247 crore as compared with ₹1,866 crore in the year ago period, up 74%.
Consolidated revenue from operations increased to ₹10,698 crore as compared with ₹8,922 crore in the year ago period, up 20%.
Published – January 25, 2025 12:50 pm IST
