Shriram City Union Finance gains after strong Q4 earnings

The result was announced after market hours on Monday, 20 May 2013.

Meanwhile, the BSE Sensex was down 20.23 points, or 0.10%, to 20,203.75.

On BSE, 1,038 shares were traded in the counter as against an average daily volume of 10,109 shares in the past one quarter.

The stock hit a high of Rs 1,149 and a low of Rs 1,116.50 so far during the day. The stock had hit a record high of Rs 1,230 on 3 April 2013. The stock had hit a 52-week low of Rs 581.55 on 18 June 2012.

The stock had outperformed the market over the past one month till 20 May 2013, rising 10.55% compared with the Sensex's 6.35% rise. The scrip had, however, underperformed the market in past one quarter, sliding 4.66% as against Sensex's 2.96% rise.

The mid-cap non-banking financial company has an equity capital of Rs 55.42 crore. Face value per share is Rs 10.

Shriram City Union Finance's consolidated net profit surged 32.93% to Rs 449.44 crore on 50.71% growth in total income to Rs 3099.93 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012).

The board of the company at a meeting held on Monday, 20 May 2013, recommended a final dividend of Rs 6 per share for FY 2013.

As a deposit accepting non-banking financial company, Shriram City Union Finance is financial services company, specialising in retail finance. It offers automobile loans, personal loans, small business loans and loan against gold.

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