Shriram City Union Finance declares Q4FY22 result: Disbursements Rs. 8645 Cr for Q4 and Rs. 28879 Cr for FY22 highest-ever lending performance Cross-selling initiatives by SHFL in Gujarat commenced Assets Under Management Rs. 38541 Cr YoY growth of 15% Collection Efficiency in excess of 100% progressively improved collection efficiency through the year Expansion of Digital Initiatives Express Two Wheeler loans (SCUF) Contactless Personal Loans (SCUF) Cloud migration, Cross-sell App, DigiLocker, VoiceBOT, Scorecards (SHFL) Loans disbursed: Rs. 26140 Cr in FY22 versus Rs. 17154 Cr in FY21, a growth of 52.4%. These have been our best ever disbursements in a Financial Year. Assets Under Management: Growth traction continued, with AUM of Rs. 33186 Cr as on 31st March’22 versus Rs. 32247 Cr as on 31st Dec‘21 and Rs. 29571 Cr as on 31st March’21. AUM growth: 12% YoY and 2.9% QoQ. Best ever profitability metrics: PBT of Rs. 418 Cr. and PAT of Rs. 303 Cr. in Q4FY22 are our highest ever, as are PBT of Rs. 1461 Cr. and PAT of Rs. 1086 Cr. in FY22. Improved yields: Loan yields grew to 20.81% in FY22 versus 19.57% in FY21. Our FY22 yields are our highest in six years. Highest ever interest income: Rs. 6531 Cr in FY22 and Rs. 1751 Cr in Q4FY22, which is our best ever. Interest income in FY21 was Rs. 5738 Cr. Net Interest Margin for FY22 was 12.74% compared to 12.29% in FY21. Covid-related provisioning at the end of Q4FY22 stood at Rs. 426 Cr Overall borrowings as on 31st March’22 stood at Rs. 30632 Cr. versus Rs. 29747 Cr. in Dec’21 and Rs. 25565 Cr. in March’21. Our Fixed Deposit base stood at Rs. 6828 Cr., a growth of 23.5% YOY. Liquidity back up in form of free cash & bank balances stood at Rs. 5235 Cr. as of March’22. Sanctioned and Undrawn limits stood at Rs. 556 Cr. Comfortable ALM position with nil negative mismatch on cumulative basis across future timelines. Net Worth stood at Rs. 8728 Cr. Improved asset quality: GNPA for Q4FY22 was 6.31% versus 7.30% in Q3FY22 (both figures are per RBI’s November 2021 Circular). Improved credit costs: Down from 2.79% in Q3FY22 and 2.25% in Q4FY21 to 2.15% in Q4FY22. Also improved from 2.90% in FY21 to 2.83% in FY22. Collection Efficiency was at 103% in January and February’22, and 111% in March’22. Q4 Collection Efficiency was 106%. Result PDF