Shriram Finance Reports Strong Financial Performance in Q1, Receives 'Buy' Rating from MarketsMOJO
Shriram Finance, a leading finance/NBFC company, has reported strong financial performance in the quarter ending Mar 2024. Net sales, operating profit, and profit after tax have all seen significant growth, leading to higher earnings per share for shareholders. MarketsMojo has given a 'Buy' call, highlighting the company's reliability and potential for growth and returns.
Overall, Shriram Finance has shown strong financial performance in the quarter ending Mar 2024. The company's net sales, operating profit, and profit after tax have all seen significant growth, indicating a positive trend in the near term. The company's earnings per share have also increased, creating higher earnings for shareholders. However, the increase in non-operating income may not be sustainable in the long term.
MarketsMOJO has given a 'Buy' call for Shriram Finance, further highlighting the company's positive financial performance. With a largecap size and a strong financial track record, Shriram Finance is a reliable player in the finance/NBFC industry. Investors can consider adding Shriram Finance to their portfolio for potential growth and returns.
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