Shriram City Union Finance Announced Q1FY23 Result : Loan disbursements of Rs. 7931 Cr in Q1FY23 versus Rs. 4560 Cr in Q1FY22 and Rs. 7527 Cr. in Q4FY22, a growth of 73.9% YoY and 5.4% QoQ. The disbursements in the latest quarter have been our highest ever. Assets Under Management grew to Rs. 34611 Cr in Q1FY23 versus Rs. 29599 Cr in Q1FY22 and Rs. 33186 Cr in Q4FY22. AUM growth: 16.9% YOY and 4.3% QoQ. Profit Before Tax of Rs. 431 Cr. and Net Profit of Rs. 323 Cr. in Q1FY23. These are our highest ever profitability figures. Loan yields were higher at 21.75% in Q1FY23 versus 20.22% in Q1FY22 and 21.41% in Q4FY22. interest Income came in at Rs. 1843 Cr in Q1FY23 - our best ever performance – up 23.2% YoY and 5.2% sequentially. Net Interest Income was Rs. 1162 Cr., higher by 26.2% YoY and 9.9% QoQ. Covid-related provisioning stood at Rs. 339 Cr. at the end of Q1FY23. Total borrowings as on 30th June’22 stood at Rs. 32921 Cr. versus Rs. 26188 Cr. at the end of Jun’21 and Rs. 30632 Cr. at the end of March’22. Fixed Deposits stood at Rs. 7212 Cr., a growth of 21.8% YoY. Liquidity reservoir in the form of free cash & bank balances stood at Rs. 6600 Cr.. Sanctioned and Undrawn credit limits stood at Rs. 771 Cr. Comfortable ALM position with no mismatch on cumulative basis across future timelines. Net Worth stood at Rs. 9074 Cr. Asset quality further improved, with GNPA of 6.11% in Q1FY23 versus 6.91% in Q1FY22 and 6.31% in Q4FY22. Credit costs moderated to 2.68% in Q1FY23 from 3.92% in Q1FY22. Result PDF