Shriram Finance net profit up 60% in Q1 on NII growth
Shriram Finance reported a 60% increase in standalone net profit for Q1FY27, reaching ₹3,445 crore, driven by a 34% rise in net interest income to ₹8,056 crore. The growth stemmed from strong performances in passenger and commercial vehicle finance, alongside a 45% surge in gold loans. Despite a slight increase in gross non-performing assets to 4.64%, the company aims for an 18% growth in assets under management for FY27.