Shriram Finance Beats Q2 Profit View as Gold-Loan Delinquencies Rise
Shriram Finance reported a bigger-than-expected rise in second-quarter standalone profit as lending expanded, while worsening asset quality in its fast-growing gold-loan segment sent shares lower.
India's Shriram Finance NSE:SHRIRAMFIN reported a bigger-than-expected rise in second-quarter profit on Friday, as lending expanded, even as a deterioration in asset quality in its fast-growing gold loan segment sent its shares lower.The non-banking finance company reported standalone profit of 36…