Mumbai: Shriram City Union Finance Limited (Shriram City), the retail lending arm of the Chennai-based Shriram Group and prominent financier of small businesses has announced its fourth quarter (January-March, 2015) results.

Net profit for 12 months ending March 2015 was higher by 7.1 % at Rs.558.06 crore compared to Rs. 521.14 crore in the previous year. Income from Operations stood at Rs.3482.24 crore in FY15, up 9.1% over FY14. Net Interest Income increased by 16.2% and was at Rs.2139.08 crore compared to Rs. 1840.63 crore for 2013-14.

Ms. Subhasri Sriram, Executive Director and CFO, said, “In keeping with our sustained efforts at rewarding investors, we have declared a 150% dividend. On the operational front, we continue to make steady progress in our main product lines of SME and Two Wheeler financing”.

Assets Under Management (AUM) stood at Rs.16717 crore for the year 2014-15., of which the Small Enterprise Finance portfolio comprised 53%.  Earnings per share (EPS) for the year stood at Rs. 86.18 (Basic) and Rs. 86.03 (Diluted). Capital Adequacy stood at 29.55 %

Source : Sachin Murdeshwar