'MUFG deal approvals are expected by March'

Shriram Finance managing director and chief executive Parag Sharma tells Kshipra Petkar about the company’s profit run-rate outlook and asset quality trends.

- @ PARAG SHARMA, MD & CEO, SHRIRAM FINANCE

In the interview, he also says the regulatory approvals for MUFG’s investment are expected by March. Excerpts:

How should we look at the current quarterly profit run-rate?

This quarter’s profit includes a one-off expense of about 196 crore due to changes in the Labour Code (Wages Act). Without that, the profit would have been higher by roughly %130 crore post-tax. So, that (2,500 crore plus about ¢crore) should be seen as the minimum quarterly run-rate going forward.

The AUM growth guidance for the full year?