Shriram Finance511218Non banking financial
Shriram Finance reported Q2 results with NII beat and strong NIM improvement, though stock sold off
By ScoutQuest · · 1 min read
- Net interest income
- 8,400 crore rupees
- NII expectation
- 8,200 crore rupees
- Bottom line growth
- 60 percent
- Quarterly NIM
- 9.5 percent
- Quarterly NIM year ago
- 8.19 percent
Heard on business television between 14:44:47 - 14:47:47 IST.
- Bottom line largely in line with Live TV News Channel poll estimates, about 30 crore lower
- Net interest income beat expectations at 8,400 crore versus 8,200 crore estimate
- Bottom line jumped 60% year-on-year
- NIM for the quarter was about 9.5% versus 8.19% a year ago; half-year NIM at 9.28% versus 8.15%
- Despite strong numbers, stock sold off sharply
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