Shriram City Union Finance's Q3 consolidated net profit up 5% YoY

Shriram City Union Finance (Shriram City), India’s largest two-wheeler financer, has reported a consolidated net profit of Rs 322 crore, up 5 per cent year-on-year (YoY), in the December quarter of FY22. In the year-ago period, its net profit was to the tune of Rs 304 crore. Net interest income was up 14.6 per cent to Rs 1,140 crore in the reporting quarter against Rs 995 crore in the year ago period. On a consolidated basis, the company reported its highest disbursement of Rs 8,398 crore in the reporting quarter. In the previous quarter(Q2FY22), it had disbursed Rs 7,056 crore. Assets under management increased 16.3 per cent YoY to Rs 36,853 crore at the end of December quarter.