Shriram Finance reported a net profit of ₹2,159.4 crore for the June quarter, marginally below the CNBC-TV18 poll estimate of ₹2,164 crore. However, on a year-on-year basis, net profit grew by 6.3% from ₹2,031 crore.

Net interest income (NII) for the quarter stood at ₹5,773 crore, also slightly below the estimated ₹6,002 crore. Despite the miss, NII recorded a year-on-year growth of 10.3% compared to ₹5,234 crore in the same quarter last year.

Operating profit came in at ₹4,192 crore, lower than the Street expectation of ₹4,422 crore.

On the asset quality front, the company reported marginal improvement. Gross non-performing assets (GNPA) declined to 4.53% from 4.55% in the previous quarter, while net NPA improved to 2.57% from 2.64% quarter-on-quarter.

Total Assets under Management increased by 16.62% to ₹2.72 lakh crore as compared to ₹2.33 lakh crore in the same quarter last year.

Following the earnings announcement, shares of Shriram Finance are trading 2.08% lower on Friday at ₹620.15. The stock is up 6% on a year-to-date basis.



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