Shriram Housing Q4 Profit Soars 60% on Strong Loan Demand

25 Apr 2025 , 03:44 PM

Shriram Housing Finance clocked a strong Q4FY25 financials with net profit up 60% year-on-year at ₹99.2 crore from ₹62 crore during the same period last year.

Net interest income (NII) of the firm also went up strongly, growing 52.1% at ₹294.7 crore from ₹193.8 crore in the previous year.  The top-line growth was largely driven by strong demand for housing finance loans at moderate prices, especially within the tier-2 and tier-3 cities where housing demand remains strong.

Aided by its technology-based operating and higher efficiencies, Shriram Housing increased its customer base without a sharp rise in the costs giving a bolstering push to the bottom-line results.

The company credited its performance to sharper focus on digital processes and enhanced cost discipline, which helped it to do business with more customers without getting the costs out of control.

Shriram Housing Finance is a unit of Shriram Finance and a part of the bigger Shriram Group, one of India’s most experienced and trustworthy financial services group companies. Formed in 2010 and listed on the National Housing Bank (NHB), Shriram Housing has become a leading name in the domain of affordable housing finance.

It provides a diversified product bouquet of housing finance, loans against property, and home improvement finance catering to the needs of middle-class families of semi-urban and rural India.

Shriram Group, established in 1974, began as a chit fund company in Chennai and branched out subsequently into vehicle finance, insurance, stock broking, etc., acquiring half a century of trust.

With increasing aspirations for home ownership in tier II and tier III towns and with a digital-first approach, Shriram Housing is placed strongly for future growth in the coming financial year.