Shriram City Union Finance Ltd Q3FY17
Standalone Results Q3FY17: (Rs. in crore)
|Net Profit (adjusted)||157.70||[9.5]|
Shriram City Union Ltd reported its Q3FY17 numbers which came in mixed from street estimates. NII for the quarter came in 2.2% above the estimated figure of Rs. 746 crore. However, net profit stood 18.3% below the estimate of Rs. 193 crore.
Company’s AUM in Q3FY17 surged 18.6% yoy to Rs. 22,544 crore.
NII for the quarter was reported at Rs. 762 crore, registering growth of 17.7% yoy. This was due to interest expenses growing at a slower pace of 11.4% yoy than interest earned (15.5%).
Provisions for bad loans for the quarter increased 78.3% yoy to Rs. 224 crore.
Net profit for the quarter declined 9.5% yoy to Rs. 158 crore. This was due to higher provisions for bad loans.
The company’s GNPA and NNPA stood healthy at 4.49% and 0.57% respectively.
Shriram City Union Finance Ltd is currently trading at Rs. 2034.1, up by 22.7 points or 1.13% from its previous closing of Rs. 2011.4 on the BSE.
The scrip opened at Rs. 1999.65 and has touched a high and low of Rs. 2040 and Rs. 1990 respectively. So far 14221(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 200 DMA.
BSE 2,050.00 20 (0.99%)
NSE 2,055.55 32.70 (1.62%)
***Note: This is a NSE Chart
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