Shriram Finance zooms on reporting 14% rise in Q2 consolidated net profit
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Shriram Finance is currently trading at Rs. 1946.25, up by 148.60 points or 8.27% from its previous closing of Rs. 1797.65 on the BSE.
The scrip opened at Rs. 1853.90 and has touched a high and low of Rs. 1960.20 and Rs. 1850.90 respectively. So far 57476 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1974.95 on 12-Sep-2023 and a 52 week low of Rs. 1190.00 on 28-Feb-2023.
Last one week high and low of the scrip stood at Rs. 1960.20 and Rs. 1760.90 respectively. The current market cap of the company is Rs. 73165.29 crore.
The promoters holding in the company stood at 25.45%, while Institutions and Non-Institutions held 69.84% and 4.71% respectively.
Shriram Finance has reported 12.59% rise in its net profit at Rs 1,750.84 crore for Q2FY24 as compared to Rs 1,555.11 crore for the same quarter in the previous year. Total income of the company increased by 15.45% at Rs 8,564.45 crore for Q2FY24 as compared Rs 7,418.35 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 13.54% rise in its net profit at Rs 1,789.27 crore for the quarter under review as compared to Rs 1,575.91 crore for the same quarter in the previous year. Total income of the company increased by 17.14% at Rs 8,892.99 crore for Q2FY24 as compared Rs 7,591.77 crore for the corresponding quarter previous year.
