Shriram City Union Finance Limited has reported a 15% growth in net profit at Rs 129.09 crore, during the third quarter ended December 31, 2013, as compared to Rs 112.54 crore. Total income during the third quarter stood at Rs 812.07 crore.
The net Interest Income for the quarter was at Rs 479.67 crore as compared to Rs 424.96 crore, a year ago. The net interest margin for the quarter was 12.35% as compared to 11.59% for second quarter of fiscal 2014.
G S Sundararajan, Managing Director, Shriram City Union Finance Ltd commented that focus products – Small enterprises Finance and Two wheelers have continued to registered healthy growth – on a year on year basis, the growth in the AUM in these segments have been at 24% and 37% respectively
Gross spread of the Asset under Management (AUM) stood higher at 12.35% as on December 31, 2013 as compared to 10.51% on December 31, 2012.
Gross NPAs were at 2.51% as on December 31, 2013 as compared to 1.57% as on December 31, 2012. The Capital Adequacy stood at 24.26%.
