Shriram Finance Q4 Results

NBFC major Shriram Finance reported its Q4 results on April 25, posting a consolidated net profit of ₹2,139.4 crore, slightly below CNBC-TV18’s estimate of ₹2,142.9 crore. However, this marked a 9.9% growth year-on-year. Net interest income (NII) also missed the Street’s projection of ₹5,878.1 crore, but rose 9.4% YoY to ₹5,565.5 crore. Asset quality saw a sequential improvement, with gross non-performing asset (NPA) ratio reducing to 4.55% from 5.38% in Q3, and net NPA declining marginally to 2.64% from 2.68%.