SHRIRAMFIN · Financial Services
Shriram Finance Ltd. reported total income of ₹8,922 cr for October to December 2023, — on the year and +4.3% on the quarter.
Net profit was ₹1,874 cr, — on the year and +4.6% on the quarter, with earnings per share of ₹9.94.
An NBFC's quarter turns on loan growth, its cost of borrowing and credit costs; profit can rise for a while simply because provisions fall. The quarterly statements do not carry AUM growth, stage 2 and 3 assets, credit cost and the cost of funds; those come with the filing read.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Exceptional items that recur, Swing to loss or profit, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed, Asset quality (lenders), Net interest margin (lenders), Net interest income against profit (lenders). Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Lenders are read on NIM, asset quality, provision cover and credit cost. Those come from the filing read, which is not in yet for this quarter, so margin, other-income and cash checks are withheld rather than shown on a template built for manufacturers.
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total income | ₹8,922 cr | ₹9,484 cr | ₹9,605 cr | ₹10,090 cr | ₹10,698 cr | ₹11,454 cr | ₹11,536 cr | ₹11,912 cr | ₹12,171 cr | ₹12,513 cr | ₹13,400 cr | ₹13,792 cr |
| YoY | — | — | +20% | +18% | +20% | +21% | +20% | +18% | +14% | +9% | +16% | +16% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 25% | 26% | 25% | 24% | 25% | 23% | 26% | 26% | 25% | 23% | 25% | 25% |
| Net profit | ₹1,874 cr | ₹2,021 cr | ₹2,031 cr | ₹2,153 cr | ₹3,249 cr | ₹2,144 cr | ₹2,159 cr | ₹2,314 cr | ₹2,530 cr | ₹3,021 cr | ₹3,453 cr | ₹3,684 cr |
| YoY | — | — | +19% | +20% | +73% | +6% | +6% | +7% | −22% | +41% | +60% | +59% |
| EPS | ₹9.94 | ₹10.69 | ₹10.76 | ₹11.39 | ₹17.27 | ₹11.40 | ₹11.48 | ₹12.30 | ₹13.45 | ₹16.06 | ₹14.67 | ₹15.66 |
| Flags | · | · | · | · | 1 | · | · | · | · | 1 | 1 | 1 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Shriram Finance Ltd. reported total income of ₹8,922 cr (— on the year) and net profit of ₹1,874 cr (— on the year) for October to December 2023.
None of the 1 checks that could run raised a question.
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