Shriram Housing Finance reported a 60% year-on-year increase in fourth-quarter net profit, reaching ₹99.2 crore for the quarter ended March 31, up from ₹62 crore in the same period last year, the company said on Thursday.
Net interest income (NII) rose 52.1% to ₹294.7 crore from ₹193.8 crore a year earlier, driven by strong loan growth and improved margins.
Shriram Housing Finance attributed the performance to operational efficiencies and a focus on digital processes, which helped contain costs while expanding its customer base.
Shriram Housing Finance Limited, established in 2010 and registered with the National Housing Bank (NHB), was a key part of the Chennai-based Shriram Group, a conglomerate with a nearly five-decade legacy founded by R. Thyagarajan, AVS Raja, and T. Jayaraman. The Shriram Group began as a chit fund business in 1974 and diversified into financial services, including commercial vehicle financing, consumer finance, insurance, and
stockbroking.
Shriram Housing Finance focused on providing affordable housing loans, loans against property, and home improvement loans, targeting underserved populations in semi-urban and peri-urban markets.
