Shriram City Union Q1 profit rises 10pc to Rs 260cr

Shriram City Union Finance on Monday reported a 10 per cent rise in consolidated net profit to Rs 260 crore in the quarter ending June compared to the year-ago period. The company had posted a net profit of Rs 236.43 crore in the corresponding April-June period of the previous fiscal.

Consolidated income during the June quarter of 2019-20 rose to Rs 1,572.88 crore from Rs 1,475.45 crore in the same period of 2018-19, the company said in a regulatory filing. Shares of the company closed 2.10 per cent up at Rs 1,459.25 on BSE.