Shriram City Union Finance Ltd. News and Updates

Name: Latest research reports of Shriram City Union Finance Ltd. authored by Motilal Oswal and published by - Trendlyne research reports.
Item: Shriram City Union Finance Ltd.
Rating: 5
Author: Motilal Oswal

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Shriram City Union Finance Ltd.

25 Oct 2022

Shriram City Standalone September 2022 Net Sales at Rs 1,963.36 crore, up 24% Y-o-Y

Moneycontrol

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Shriram City Union Finance Ltd.

23 Oct 2022

Better product mix aided margin; asset quality further improves

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Motilal Oswal

Shriram City Union Finance Ltd.

21 Oct 2022

Shriram City Q2 net profit up 23% at Rs 383 cr on increased loan demand

Business Standard

Shriram City Union Finance (Shriram City) on Friday reported a 23 per cent rise in its consolidated net profit at Rs 383 crore for the quarter ended September 2022 on the back of increased demand as economic activity improved. The company's net profit in the quarter ended September 2021 stood at Rs 301 crore. The income from operations rose by 26.2 per cent to Rs 2,155 crore in July-September period of 2022-23 as against Rs 1,708 crore in the same quarter of 2021-22, the company said in a release. Net interest income -- interest earned minus expended -- grew by nearly 30 per cent to Rs 1,327 crore against Rs 1,022 crore. The non-banking finance company mainly caters to small enterprises. It is among the largest two-wheeler financiers in the country. On a consolidated basis, disbursements rose to the highest ever Rs 9,069 crore, up 28.5 per cent year-on-year, backed by the improving economic activity and strong revival in small enterprise finance, robust demand for gold loans,...

Shriram City Union Finance PAT up 24% on strong Q2 disbursements

Business Line | 21 Oct 2022 1 more

Shriram City Union Finance Ltd.

29 Jul 2022

Seeing strength on liability side; growth momentum to sustain

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Motilal Oswal

Shriram City Union Finance Ltd.

27 Jul 2022

Shriram City Union Finance posts 61 per cent rise in Q1 net profit

Business Standard

Assets Under Management (AUM) increased by 21 per cent to Rs 40,414 crore as against Rs 33,509 crore during the same time last financial year

Shriram City Q1 net profit rises 63% to Rs 345.35 cr

Business Today | 27 Jul 2022

Shriram City Union Finance Ltd.

27 Jul 2022

to see Rapid results content

Shriram City Union Finance Ltd.

08 May 2022

Shriram City to focus on small biz, gold loans in FY23; aims 18% AUM growth

Business Standard

Shriram City Union Finance will focus on personal, gold and small business loans to achieve its 18 per cent growth in AUM in the current fiscal year amid a slowdown in demand for two-wheelers due to shortage of components and other factors, a top company executive said. Noting that the demand in the economy has not yet fully recovered, while rural and semi-urban areas have been doing better now, Y S Chakravarti, MD & CEO, said majority of the company's business comes from semi-urban and rural markets and anything good for the rural economy will help the company's business. "Our focus will be on personal loan, gold loan and small business loans. In terms of economic recovery, we have not recovered fully. Urban areas are still struggling, to some extent the rural economy has picked up probably because, one the harvest has been good and in current year also there is good rainfall prediction,"Chakravarti told PTI in an interaction. He said the crop harvests and also the prices are...