Shriram Finance shines on reporting 18% rise in Q1 net profit
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Shriram Finance is currently trading at Rs. 2941.70, up by 261.40 points or 9.75% from its previous closing of Rs. 2680.30 on the BSE.
The scrip opened at Rs. 2681.05 and has touched a high and low of Rs. 2987.00 and Rs. 2681.05 respectively. So far 230126 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3058.95 on 26-Jun-2024 and a 52 week low of Rs. 1759.20 on 16-Aug-2023.
Last one week high and low of the scrip stood at Rs. 2987.00 and Rs. 2637.00 respectively. The current market cap of the company is Rs. 110591.43 crore.
The promoters holding in the company stood at 25.41%, while Institutions and Non-Institutions held 69.52% and 5.07% respectively.
Shriram Finance has reported 18.21% rise in net profit at Rs 1,980.59 crore for first quarter ended June 30, 2024 (Q1FY25) as compared to Rs 1,675.44 crore for the same quarter in the previous year. Total income of the company increased by 20.00% at Rs 9,609.71 crore for Q1FY25 as compared to Rs 8,008.01 crore for the corresponding quarter previous year.
Shriram Finance (Formerly Shriram Transport Finance Company) is one of the largest asset financing NBFC in the country and holistic finance provider for the commercial vehicle industry and seeks to partner small truck owners for every possible need related to their assets.
