Shriram City Union Fin shares jump nearly 8% post Q2

Shares of Shriram City Union Finance today surged nearly 8 per cent after the company reported 34.2 per cent rise in net profit in the second quarter ended September 30, 2016.
The stock soared 7.24 per cent to settle at Rs 2,499.20 on BSE. During the day, it jumped 9.24 per cent to Rs 2,545.80.
At NSE, shares of the company surged 7.68 per cent to end at Rs 2,497.30.
Shriram City Union Finance yesterday reported a 34.2 per cent rise in net profit to Rs 204.4 crore in the second quarter ended September 30, 2016.
The company's net profit stood at Rs 152.3 crore in the corresponding quarter of previous fiscal.

Total income of the company increased to Rs 945.9 crore during the quarter, as against Rs 1,115.5 crore in the same period a year earlier, Shriram City Union Finance said in a statement.
NPA is continued to be recognized NPA on 150 days past due basis and GNPA is at 4.96 per cent as compared to 5.11 per cent in previous quarter.