Shriram Finance reported a 96.3% year-on-year rise in net profit for Q3 FY25 to ₹3,569.76 crore, significantly higher than the CNBC-TV18 poll estimate of ₹1,904.2 crore.

The company had posted a net profit of ₹1,818.33 crore in the year-ago period.

Quarterly, the profit grew by 72.3%.

The profit surge was primarily driven by a one-time post-tax gain of ₹1,544 crore from the sale of a stake in its housing finance subsidiary, now rebranded as Truhome Finance Ltd (formerly Shriram Housing Finance Ltd).

Excluding the impact of the one-time gain, the company’s basic earnings per share (EPS) rose 14.4% to ₹11.07 from ₹9.68 in the corresponding period last year. The EPS, after accounting for the gain from the stake sale, stood at ₹32.62, reflecting a 16.62% increase compared to ₹27.97 in Q3 FY24.

Net Interest Income (NII) for the quarter grew by 14.3% to ₹5,823 crore, up from ₹5,094 crore in the same period last year.

Assets under management (AUM) saw a significant increase, rising 18.8% year-on-year to ₹2.54 lakh crore as of December 31, 2024.

This compares to ₹2.14 lakh crore in the same period last year, and an increase from ₹2.43 lakh crore as of September 30, 2024.

The board declared an interim dividend of ₹2.5 per share (125%), with January 31, 2025, as the record date for eligibility.

Shriram Finance’s stock ended 1.13% lower at ₹524.15 on the BSE.

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