Shriram City Union Finance Q1 net up 23% to Rs 182 crore

Shriram City Union Finance has reported a 23 per cent rise in its net profit at Rs 181.79 crore for the first quarter ended June 30, 2016.

Company's net profit was at Rs 147.70 crore in the April-June quarter a year ago.

"Total income has increased to Rs 1,055 crore for the quarter ended June 2016 from Rs 917 crore a year ago," it said in a regulatory filing.

Shriram City Union Finance (Shriram City) is part of the three decade-old Shriram Group.

It is a deposit-accepting non-banking financial company (NBFC).

Shares of the company closed 1.76 per cent up at Rs 1,920.30 on the BSE.