Shriram Finance Ltd Share Price – NSE /  BSE

Finance, Mid Cap

Shriram Finance Ltd is down for a fifth straight session today. The stock is quoting at Rs 2876.2, down 1.88% on the day as on 12:59 IST on the NSE. The benchmark NIFTY is down around 0.94% on the day, quoting at 23659.1. The Sensex is at 78018.99, down 0.83%.Shriram Finance Ltd has lost around 15.29% in last one month.Meanwhile, Nifty Financial Services index of which Shriram Finance Ltd is a constituent, has eased around 2.01% in last one month and is currently quoting at 23563.65, down 0.79% on the day. The volume in the stock stood at 7.8 lakh shares today, compared to the daily average of 15.44 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 2878.3, down 2.11% on the day. Shriram Finance Ltd jumped 41.28% in last one year as compared to a 20.25% rally in NIFTY and a 18.53% spurt in the Nifty Financial Services index.

The PE of the stock is 14.1 based on TTM earnings ending September 24.

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Shriram Finance has allotted 24,197 equity shares under ESOS on 11 November 2024. Pursuant to allotment of the Equity Shares, the paid-up share capital of the Company stands increased from Rs.376,00,90,380/- to Rs.376,03,32,350/-

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Profit before tax stood at Rs 2,751.53 crore in the September quarter of FY25, up 16.97% as against Rs 2,352.28 crore reported in Q2 FY24.

Net interest income grew 16.36% to Rs 5,606.7 crore in Q2 FY25 as against Rs 4,818.2 crore recorded in the same period a year ago. Net interest margin reduced to 8.74% in Q2 FY25 as compared to 8.93% registered in Q2 FY24.

As on 30 September 2024, total assets under management climbed 19.94% to Rs 2,43,042.55 crore as compared to Rs 2,02,640.96 crore as on 30 September 2023.

Liquidity coverage ratio was at 234.61% as on 30 September 2024 as against 291.19% as of 30 September 2023. Cost to income ratio improved to 27.95% in Q2 FY25 from 27.34% reported in Q2 FY24.

The firm's return on assets (ROA) and return on equity (ROE) stood at 3.06% and 16%, respectively in the quarter ended 30 September 2024.

On half year basis, the company’s net profit gained 18.25% to Rs 4,051.85 crore on 18.83% rise in total income to Rs 19,693.75 crore in H1 FY25 over H1 FY24

Meanwhile, the company's board declared an interim dividend of Rs 22 per share for financial year 2024-25 and has set the record date on 7 November 2024. The interim dividend payout will be made to eligible shareholders by 24 November 2024.

Further, the board of directors approved split/ sub-division of one equity share with a face value of Rs 10 into 5 shares of face value of Rs 2, subject to approval of the members of the company. The record date for the same will be intimated in due course.

Shriram Finance is India's largest retail asset financing non-banking finance company (NBFC). It is the flagship company of the Shriram group which has significant presence in Consumer Finance, Life Insurance, General Insurance, Housing Finance, Stock Broking and Distribution businesses.

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Net profit of Shriram Finance rose 19.84% to Rs 2140.40 crore in the quarter ended September 2024 as against Rs 1786.10 crore during the previous quarter ended September 2023. Sales rose 18.41% to Rs 9992.53 crore in the quarter ended September 2024 as against Rs 8438.66 crore during the previous quarter ended September 2023.

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