Shriram City Union reports 63.6 pc jump in Q1 net profit

CHENNAI: Non-banking finance company Shriram City Union, part of the diversified Shriram Group, today reported a 63.6 per cent jump in its net profit at Rs 80.38 crore for the quarter ending June 30, 2011.

The Chennai-based company posted a net profit of Rs 49.13 crore during the corresponding period last year.

For the year ended March 31, 2011, the company registered a net profit of Rs 240.67 crore, a company release said.

The total income of the company for the quarter ended June 30, 2011, soared to Rs 415.13 crore as against Rs 280.88 crore in the corresponding period a year ago.

For the year ending March 31, 2011, the total income of the company stood at Rs 1,318 crore, the statement added.