Shriram Finance’s net profit for the quarter ended March stood at Rs 3,013.6 crore up nearly 41% on year on the back of rising income. However, the asset quality of the non-bank lender deteriorated for the reporting quarter. The net interest income for Jan-Mar increased 15.6% on year to Rs 6,994.1 crore. The net interest margin stood at 8.61% as against 8.58% a quarter ago. The assets under management rose by 14.8% to Rs 3.02 lakh crore as on March 31.