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Are better times ahead for Shriram City Union Finance?

Shriram City Union Finance is one of the largest financiers of MSMEs and two-wheelers in the country

November 25, 2021 / 01:05 PM IST
Are better times ahead for Shriram City Union Finance?

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PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

For the three-month period ended September this fiscal, Shriram City Union Finance (SCUF; CMP: Rs 2042.4; Market Cap: Rs 13,512.1 crore) has reported a pre-provisioning profit of Rs 579 crore, which is the highest in the last 12 quarters. Its assets under management (AUM) registered a 10.5 percent year on year (YoY) growth. As of 2QFY22, SCUF had a total AUM of Rs 34,680 crore, almost 70 percent of which is contributed by the SME and the two-wheeler books. SCUF...

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