Shriram City Union Finance posts flat results for Q4FY18

Rohan Takalkar

Shriram City Union Finance posted stable results with strong increase in disbursements and AUM for the full year FY18.

The lender's NII for the quarter rose by 13.8 per cent yoy and declined 11.8 per cent qoq to Rs. 811 crore in Q4FY18 vs Rs. 713 crore in Q4FY17 and Rs. 915 crore. This was largely due to an increase in interest income by 12.2 per cent yoy to Rs. 1,242 crore.

The provisions for the quarter more than doubled over previous quarter to Rs. 412 crore in Q4FY18 vs Rs. 204 crore in Q3FY18.While it remained muted over the previous year.

The bottom-line for the quarter jumped more than 3 times over the previous year at Rs. 47 crore in Q4FY18 vs Rs. 12 crore in Q4FY17. While on qoq basis, the net profit declined almost by 78 per cent at Rs. 222 crore.

The AUM for the quarter rose by 19 per cent yoy and disbursements also gathered momentum with 11 per cent yoy growth to Rs. 24,922 crore.

However, Shriram City Union Finance's asset quality deteriorated further in FY18 as GNPAs stood at 9.8 per cent in FY18 vs 7.12 per cent in FY17 and 5.4 per cent FY16.

 

Meanwhile, the stock is trading negative by 1.85 per cent at Rs. 2,355 per share. Also the board has recommended a dividend of Rs. 12 per share on each share of face value Rs. 10.

Previous Article Ten stocks close to their 52-week high
Next Article Axis Bank witnesses short covering while Bank Nifty surges
Rate this article:
5.0

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR