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The Board Meeting of Shriram Finance Limited (SFL) (Formerly known as Shriram Transport Finance Company Limited STFC)) was held today to consider the audited financial results for the fourth quarter and the year ended 31st March, 2024.

Financials (Standalone) :

Fourth quarter ended 31st March, 2024 :

The Net Interest Income for the fourth quarter ended 31st March, 2024 increased by 20.02% and stood at Rs. 5,336.06 crores as against Rs. 4,445.89 crores in the same period of the previous year. The profit after tax increased by 48.73% and stands at Rs. 1,945.87 crores as against Rs. 1,308.31 crores recorded in the same period of the previous year. The earning per share (basic) increased by 48.23% and was Rs. 51.79 as against Rs. 34.94 recorded in the same period of the previous year.

Financial Year ended 31st March, 2024 :

The Net Interest Income for the year ended 31st March, 2024 increased by 16.06 % and stood at Rs. 19,686.85 crores as against Rs. 16,963.07 crores for the year ended 31st March, 2023. The profit after tax increased by 20.26 %and stands at Rs. 7,190.48 crores as against Rs. 5,979.34 crores recorded in the previous year. The earning per share (basic) increased by 20.00 % and was Rs. 191.63 as against Rs. 159.69 recorded in the previous year.

Assets under Management :

Total Assets under Management as on 31st March, 2024 increased by 21.10% and stood at Rs. 224,861.98 crores as compared to Rs. 185,682.86 crores as on 31st March, 2023 and Rs. 214,233.47 crores as on 31st December, 2023.

Dividend:

The Board of Directors has recommended a final dividend of Rs. 15/- per equity share of nominal face value of Rs.10/- each fully paid up i.e. 150%, for the Financial Year 2023-24 subject to approval by Members in the ensuing 45th Annual General Meeting of the Company. This is in addition to the two Interim Dividend of Rs. 20/- and Rs. 10/- per equity share of Rs. 10/- each fully paid-up (200%) and (100%) for the Financial Year 2023-24 declared by the Board of Directors of the Company on October 26, 2023 and January 25, 2024 . With this the total dividend for the financial year 2023-24 will be Rs. 45/- per share (i.e. 450%). Pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and subject to the confirmation by the Stock Exchanges, the Book Closure period for the purpose of payment of the final dividend and 45th AGM will be from July 24, 2024 to July 30, 2024 (both days inclusive). The final dividend will be paid to eligible Members on or before August 28, 2024 subject to deduction of tax at source as per the applicable rate(s) to the eligible shareholders. Cont

Financials (Consolidated) :

Fourth quarter ended 31st March, 2024 :

Consolidated Net Interest Income for the fourth quarter ended 31st March, 2024 increased by 22.27% and stood at Rs. 5,543.47 crores as against Rs. 4,533.63 crores in the same period of the previous year. Consolidated Net Profit increased by 56.91% and stands at Rs. 2,021.28 crores as against Rs. 1,288.18 crores recorded in the same period of the previous year. Consolidated EPS (basic) increased by 57.22% and was Rs. 53.47 as compared to Rs. 34.01 recorded in the same period of the previous year .

Financial Year ended 31st March, 2024 :

Consolidated Net Interest Income for the year ended 31st March, 2024 increased by 17.92% and stood at Rs. 20,367.67 crores as against Rs. 17,272.51 crores for the year ended 31st March, 2023. Consolidated profit after tax increased by 22.90% and stands at Rs. 7,398.89 crores as against Rs 6,020.03 crores recorded in the previous year. Consolidated EPS (basic) for the year ended 31st March, 2024 increased by 22.29% and was Rs. 196.32 as compared to Rs 160.54 recorded in the previous year.

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