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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 unaudited financial results for the third quarter and nine month ended 31st December, 2023.

Financials (Standalone) : Third quarter ended 31st December, 2023 : The Net Interest Income for the third quarter ended 31st December, 2023 increased by 15.04 % and stood at Rs. 5,093.93 crores as against Rs. 4,427.88 crores in the same period of the previous year. The profit after tax increased by 2.33 % and stands at Rs. 1,818.34 crores as against Rs.1,776.97 crores recorded in the same period of the previous year. The earning per share (basic) increased by 2.02 % and stands at Rs. 48.42 as against Rs 47.46 recorded in the same period of the previous year.

Nine month ended 31st December, 2023 : The Net Interest Income for the nine month ended 31st December, 2023 increased by 14.65 % and stood at Rs. 14,350.79 crores as against Rs. 12,517.18 crores in the same period of the previous year. The profit after tax increased by 12.28 % and stands at Rs. 5,244.62 crores as against Rs. 4,671.03 crores recorded in the same period of the previous year. The earning per share (basic) increased by 12.09 % and stands at Rs. 139.83 as against Rs 124.75 recorded in the same period of the previous year.

Financials (Consolidated) :

Third quarter ended 31st December, 2023 :

Consolidated Net Interest Income for the third quarter ended 31st December, 2023 increased by 16.93 % and stood at Rs. 5,274.91 crores as against Rs. 4,511.35 crores in the same period of the previous year. Consolidated Net Profit increased by 3.99 % and stands at Rs. 1,873.59 crores as against Rs. 1,801.66 crores recorded in the same period of the previous year. Consolidated earning per share (basic) increased by 2.96 % and stands at Rs. 49.70 as compared to Rs. 48.27 recorded in the same period of the previous year

Nine month ended 31st December, 2023 :

Consolidated Net Interest Income for the nine month ended 31st December, 2023 increased by 16.42 % and stood at Rs. 14,824.22 crores as against Rs.12.733.81 crores in the same period of the previous year. Consolidated Net Profit increased by 13.65 % and stands at Rs. 5,377.61 crores as against Rs. 4,731.85 crores recorded in the same period of the previous year. Consolidated earning per share (basic) increased by 12.89 % and stands at Rs. 142.84 as compared to Rs. 126.53 recorded in the same period of the previous year .

Interim Dividend :-

The Board declared an Interim Dividend of Rs. 10/- (100%) per share, the Record Date for the entitlement thereof has been fixed as February 06, 2024 .

Assets under Management (Standalone):

Total Assets under Management as on 31st December, 2023 increased by 20.70 % and stood at Rs. 214,233.47 crores as compared to Rs. 177,498.02 crores as on 31st December, 2022 and Rs. 202,640.96 crores as on 30th September, 2023.

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