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    HomeNewsBusinessEarningsShriram City Union Finance Q4 net profit up 19% at Rs 687 cr

    Shriram City Union Finance Q4 net profit up 19% at Rs 687 cr

    Revenue from operations for the January-March period soared to Rs 5,352.83 crore from Rs 4,703.57 crore, Shriram City Union said in a BSE filing.

    PTI
    April 26, 2018 / 21:20 IST
    We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)
       
       
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      Shriram City Union Finance today reported a 18.8 percent increase in consolidated net profit at Rs 687 crore for the March quarter of 2017-18. The Chennai-based company's net profit was Rs 578.08 crore in the year-ago period.

      Revenue from operations for the January-March period soared to Rs 5,352.83 crore from Rs 4,703.57 crore, Shriram City Union said in a BSE filing.

      The company has recommended a final dividend of Rs 12, or 120 percent, per equity share of Rs 10 each subject to the approval of the shareholders.

      Despite 2018 being a year of challenges, the company has done well on the growth front, especially in the small business loans segment, Shriram City CEO R Duruvasan said.

      PTI
      first published: Apr 26, 2018 09:15 pm

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