Shriram Finance Ltd

Shriram Finance will hold a meeting of the Board of Directors of the Company on 25 April 2025.Powered by Capital Market - Live

Shriram Finance announced that S&P Global Ratings has upgraded the company's issuer credit rating from 'BB/Stable/ B' to 'BB+/Stable/ B' on 17 March 2025. Powered by Capital Market - Live

Shriram Finance (SFL) has successfully secured a landmark External Commercial Borrowings (ECB) from various Multilateral and Bilateral Development Financial Institutions. The latest facility, availed under SFL's Social Finance Framework, saw participation from leading global financial institutions, including the Asian Development Bank (ADB), Japan International Cooperation Agency (JICA), and Exim Bank of India (EXIM) with a long tenor financing. This transaction further strengthens SFL's position as a leader in offshore fundraising and underscores its strategic focus on diversifying funding sources while optimizing costs. This transaction marks another significant offshore fundraising milestone for SFL, following its landmark SACE Push facility of USD 500mn in February and the historic $1.2 billion syndication facility raised in December last year. With this latest transaction, SFL has successfully raised over USD 2.8 billion in offshore funding in the current financial year, further cementing its leadership in structured finance and sustainable funding initiatives. Powered by Capital Market - Live

Shriram Finance Ltd rose for a fifth straight session today. The stock is quoting at Rs 586.3, up 0.94% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.45% on the day, quoting at 22810.7. The Sensex is at 75366.78, down 0.49%. Shriram Finance Ltd has added around 13.04% in last one month. Meanwhile, Nifty Financial Services index of which Shriram Finance Ltd is a constituent, has added around 2.28% in last one month and is currently quoting at 23281.4, down 0.49% on the day. The volume in the stock stood at 66.51 lakh shares today, compared to the daily average of 66.99 lakh shares in last one month. The benchmark February futures contract for the stock is quoting at Rs 585.15, up 0.77% on the day. Shriram Finance Ltd is up 22.39% in last one year as compared to a 2.67% gain in NIFTY and a 12.1% gain in the Nifty Financial Services index.The PE of the stock is 13.02 based on TTM earnings ending December 24.Powered by Capital Market - Live

Shriram Finance (SFL) has successfully availed a landmark External Commercial Borrowing (ECB) SACE Push loan facility. This transaction represents the largest SACE, an Italian export credit agency controlled by the Ministry of Economy & Finance, Italy, covered loan facility ever raised by a NBFC in India from SACE, reinforcing SFL's position as a leader in offshore fundraising and its ability to diversify funding sources strategically. This 10-year long-tenor facility is backed by SACE, underlines a strong global partnership aimed at promoting the financing of Italian vehicles, both new and used, under SFL's Social Finance Framework. The transaction saw participation from leading global financial institutions, including HSBC, Deutsche Bank, KfW IPEX-Bank, ING Bankand J.P. Morgan as Mandated Lead Arrangers and Lenders amounting to EUR 393 million and USD 100 million highlighting the strong confidence of international lenders in SFL's creditworthiness. HSBC acted as the Sole ECA (Export Credit Agency). Coordinator and ING Bank acted as the Social Loan Coordinator for the transaction. SFL's collaboration with SACE reaffirms its ability to structure innovative funding solutions that align with its long-term business strategy. The transaction further demonstrates SFL's agility in tapping offshore financing markets and expanding its lender base to support sustainable business growth. This milestone highlights SFL's demonstrated ability to tap into international capital markets, effectively optimizing its funding costs while maintaining a diverse funding mix. With this recent transaction, SFL has successfully secured over USD 2.50 billion in offshore funding in the current financial year, the highest by any NBFC in India in structured finance and sustainable funding initiatives.Powered by Capital Market - Live

Shriram Finance has fixed 31 January 2025 as record date for second interim dividend for FY 2024-25. The dividend will be paid on or before 22 February 2025. Powered by Capital Market - Live

Net profit of Shriram Finance rose 73.98% to Rs 3246.85 crore in the quarter ended December 2024 as against Rs 1866.24 crore during the previous quarter ended December 2023. Sales rose 20.10% to Rs 10590.12 crore in the quarter ended December 2024 as against Rs 8817.73 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales10590.128817.73 20 OPM %72.3871.31 - PBDT2921.072586.33 13 PBT2759.152439.62 13 NP3246.851866.24 74 Powered by Capital Market - Live

The profit after tax (PAT) for Q3 FY25 includes one-time gain of Rs 1,489.39 crore for sale of stake in subsidiary, Shriram Housing Finance (SHFL) (now renamed as Truhome Finance). Excluding this, PAT has increased by 14.41 % and stands at Rs 2,080.37 crore as against Rs 1,818.33 crore in the same period of the previous year. Profit before exceptional items and tax in Q3 FY25 was at Rs 2,759.15 crore, up 13.1% from Rs 2,439.62 crore recorded in Q3 FY24. Exceptional profit before tax stood at Rs 1,656.77 crore in Q3 FY25 due to stake sale in SHFL. Net interest income grew 14.31% to Rs 5,822.69 crore in third quarter of FY25 as against Rs 5,093.93 crore recorded in the same period a year ago. As on 31 December 2024, total assets under management climbed 18.78% to Rs 2,54,469.69 crore as compared to Rs 2,14,233.47 crore as on 31 December 2023. The liquidity coverage ratio was at 265.24% as of 31 December 2024, as against 256.25% as of 31 December 2023. Cost to income ratio improved to 28.59% in Q3 FY25 from 27.04% reported in Q3 FY24. The firm's return on assets (ROA) (including exceptional items) and return on equity (ROE) (including exceptional items) stood at 4.94% and 26.44%, respectively, in the quarter ended 31 December 2024. On a nine-month basis, the company's net profit jumped 45.32% to Rs 7,621.61 on 19.21% increase in total income to Rs 30,399.22 crore in 9M FY25 over 9M FY24. Meanwhile, the company's board declared an interim dividend of Rs 2.50 per share for financial year 2024-25, the record date for the entitlement thereof has been fixed as 31 January 2025. The dividend payout will be made to eligible shareholders by 22 February 2025. 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 a significant presence in consumer finance, life insurance, general insurance, housing finance, stock broking, and distribution businesses. Shares of Shriram Finance shed 0.53% to close at Rs 527.35 on the BSE. Powered by Capital Market - Live

Shriram Finance announced that the Board of Directors of the Company at its meeting held on 24 January 2025, inter alia, have recommended the Second Interim dividend of Rs 2.5 per equity Share (i.e. 125%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Shriram Finance Ltd is down for a fifth straight session today. The stock is quoting at Rs 2825.8, down 2.52% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.62% on the day, quoting at 23541.75. The Sensex is at 77635.94, down 0.66%.Shriram Finance Ltd has lost around 11.32% in last one month.Meanwhile, Nifty Financial Services index of which Shriram Finance Ltd is a constituent, has eased around 7.32% in last one month and is currently quoting at 23236.05, down 1.07% on the day. The volume in the stock stood at 5.08 lakh shares today, compared to the daily average of 10.52 lakh shares in last one month. The benchmark January futures contract for the stock is quoting at Rs 2835.65, down 2.39% on the day. Shriram Finance Ltd jumped 31.43% in last one year as compared to a 8.9% rally in NIFTY and a 8.31% spurt in the Nifty Financial Services index.The PE of the stock is 13.94 based on TTM earnings ending September 24.Powered by Capital Market - Live