Shriram City Union Finance posts 61 per cent rise in Q1 net profit

Assets Under Management (AUM) increased by 21 per cent to Rs 40,414 crore as against Rs 33,509 crore during the same time last financial year

Shriram City Union Finance, India’s largest two-wheeler financer and part of the Shriram Group, has posted a 61 per cent rise in consolidated net profit during the first quarter of 2022-23 to Rs 354 crore as compared to Rs 220 crore during the April to June quarter of 2021-22.

The company’s income from operations during the quarter under review was seen up by 24 per cent to Rs 2,003 crore as against Rs 1,611 crore during April to June period of the previous financial year. The company’s disbursements rose by 82 per cent to Rs 8,726 crore, backed by a revival