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Buy Shriram City Union Finance Ltd For Target Rs. 2,130 - Motilal Oswal Financial Services Ltd Shriram Finance (SFL) reported a strong AUM growth of INR 1.93trn (+4% QoQ) led by healthy disbursements of INR 305bn (+21% YoY, -1.9% QoQ). NII came in at INR 44.4bn (flat QoQ, +5% JMFe) even as NIMs declined by -23bps QoQ at 8.3% primarily due to healthy loan growth. PPoP stood at INR 31.3bn (+1.5% QoQ) led by -4% QoQ decline in opex. Lower credit costs of INR 8.8bn (1.9% of AUM vs 2.6% QoQ) led to healthy PAT of INR 16.8bn (+28% QoQ). Asset quality improved sequentially with Gross stage 3/...
Buy Shriram City Union Finance Ltd For Target Rs. 2,130 - Motilal Oswal Financial Services Ltd
Buy Shriram City Union Finance Ltd For Target Rs. 2,130 - Motilal Oswal Financial Services Ltd
Source: JM Financial Institutional Securities Ltd
5/08/2023 10:07:33 AM
Buy Shriram City Union Finance Ltd For Target Rs.2,100 - Motilal Oswal Financial Services Ltd Post-merger, opportunities to cross-sell non-vehicle product offeringsimprove * As a merged entity, Shriram Finance (SHFL) has strategically positioned itself to capitalize on several advantages. These include: a) diversified AUM mix; b)improved access to liabilities; and c) enhanced cross-selling opportunities. * With a legacy of over four decades, SHFL has exhibited its execution capabilities across multiple credit and economic cycles. Shriram group appointed five Jt. MDs on the busin...
Buy Shriram City Union Finance Ltd For Target Rs.2,100 - Motilal Oswal Financial Services Ltd
Buy Shriram City Union Finance Ltd For Target Rs.2,100 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
5/07/2023 1:14:21 PM
Shriram Finance revised Fixed Deposit Interest Rates, upto 9.36%, effective yield upto 11.29% on Shriram Unnati Deposits Chennai :India’s largest retail NBFC,Shriram FinanceLimited (SFL) a part of Shriram Group, announced a hike in fixed deposit (Shriram Unnati Deposits) rates by 5 to 30 basis points (0.05% p.a. to 0.30% p.a.) across different tenures. Customers can earn interest up to 9.36% on FDs, effective from January 1, 2023. Additional 0.25% p.a will be paid on all renewals. Interest rates on Fixed Deposits * Additional interest of 0.50% p.a will be paid for senior citizen (completed age ...
Shriram Finance revised Fixed Deposit Interest Rates, upto 9.36%, effective yield upto 11.29% on Shriram Unnati Deposits
Shriram Finance revised Fixed Deposit Interest Rates, upto 9.36%, effective yield upto 11.29% on Shriram Unnati Deposits
Source: PR Agency
2/01/2023 3:40:45 PM
India`s Shriram Finance secures $100 million loan from Asian Development Bank Indian shadow lender Shriram Finance Ltd said on Friday it had secured a five-year loan worth $100 million from the Asian Development Bank to provide credit to its customers towards purchase of new and used vehicles across India. Shriram Finance, which currently has about 1.71 trillion rupees of assets under management, said it had also raised $250 million from US Development Finance Corporation and $475 million through a 144A Bond from the international market earlier this year. The le...
India`s Shriram Finance secures $100 million loan from Asian Development Bank
India`s Shriram Finance secures $100 million loan from Asian Development Bank
Source: Reuters
30/12/2022 3:26:44 PM
Shriram Finance to grow its retail fixed deposits by 25% One of the country's largest non-banking finance company (NBFC) Shriram Finance Ltd plans to grow its fixed deposits from the current Rs 32,000 crore and talks are on to raise long term funds from international markets, said Umesh Revankar, Vice Chairman. According to him, the merged company will now look at personal finance and loans to micro, small and medium enterprises (MSME). He also said turning into a bank with the merger of two other group NBFCs will not be profitable owing ...
Shriram Finance to grow its retail fixed deposits by 25%
Shriram Finance to grow its retail fixed deposits by 25%
Source: IANS
22/12/2022 5:10:34 PM
Shriram Finance to focus on MSMEs and others Commercial vehicle financing major Shriram Transport Finance Company and two-wheeler and MSME financier Shriram City Union Finance have been merged to form Shriram Finance Limited (Shriram Finance). According to Shriram Finance, the company will be a diversified player with a robust net worth of Rs 40,900 crore and Assets under Management (AUM) of Rs 1,71,000 crore catering to over 6.7 million customers across India. The growth strategy for the company will be focused on driving the sel...
Shriram Finance to focus on MSMEs and others
Shriram Finance to focus on MSMEs and others
Source: IANS
5/12/2022 3:46:34 PM
Shriram Financial Ventures to be the Holding Company of Shriram Group * Shriram Capital Limited (SCL), the holding company of the Shriram Group and Shriram City Union Finance will be merging shortly with Shriram Transport Finance.  * Shriram Financial Ventures (Chennai) Private Limited (SFVPL), which was the holding company of SCL, will now become the promoter and holding company of the Financial Services and Insurance businesses of the Group.  Shriram Capital Limited (SCL), the holding company of the Shriram Group and Shriram City Union Finance...
Shriram Financial Ventures to be the Holding Company of Shriram Group
Shriram Financial Ventures to be the Holding Company of Shriram Group
Source: PR Agency
24/11/2022 5:07:14 PM
Buy Shriram City Union Finance Ltd For Target Rs.2220 - Motilal Oswal Financial Services Ltd Better product mix aided margin; asset quality further improves Visibility on strong AUM growth * SCUF 2QFY23 PAT of INR3.5b (8% beat) grew 24% YoY. This was driven by healthy NII/PPoP growth of 28%/19% YoY and benign credit costs of 2.5%. * 1HFY23 PAT grew ~41% YoY to ~INR7.4b, led by NII growth of ~30% YoY. * C/I ratio was elevated at ~44% in 2QFY23 (up ~60bp QoQ), driven by 39% YoY increase in Opex. The company guided that the same will reduce to ~38% over the next few years, d...
Buy Shriram City Union Finance Ltd For Target Rs.2220 - Motilal Oswal Financial Services Ltd
Buy Shriram City Union Finance Ltd For Target Rs.2220 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
28/10/2022 3:03:05 PM
Buy Shriram City Union Finance Ltd For Target Rs. 2,500 - Emkay Global Financial Services Operating expenses remain elevated, going into the merger Shriram City Union Finance (SCUF) reported Q2FY23 PAT of Rs3.5bn, coming in 2% below our estimates due to higher-than-expected operating expenses. Disbursements grew 1.1% QoQ/24.9% YoY, led by the SME, Personal loan (PL) and LAP segments, while share of 2Ws and pre-owned 2Ws declined 119bps and 65bps QoQ, respectively. AUM grew 4.4% QoQ/18.7% YoY. Calculated NIMs rose by 43bps QoQ to 13.1%, with yields rising 69bps QoQ due to strong...
Buy Shriram City Union Finance Ltd For Target Rs. 2,500 - Emkay Global Financial Services
Buy Shriram City Union Finance Ltd For Target Rs. 2,500 - Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
27/10/2022 3:31:57 PM
Shriram City Uni Q2 net profit up 23.74% at Rs 349.28 cr The company reported standalone net profit of Rs 349.28 crore for the quarter ended September 30, 2022 as compared to Rs 282.26 crore in the same period last year, registering a year-on-year growth of 23.74 per cent. Net revenue of the company rose substantially by 24.00 per cent at Rs 1,963.36 crore in July-September quarter of this fiscal as against Rs 1,583.33 crore in the corresponding period last year. During July-September quarter, operating expenses increased by 30.45 per cent to Rs...
Shriram City Uni Q2 net profit up 23.74% at Rs 349.28 cr
Shriram City Uni Q2 net profit up 23.74% at Rs 349.28 cr
Source: Dion Global Solutions Ltd
25/10/2022 4:01:01 PM
Shriram City Union Finance gains on getting nod to raise Rs 400 crore Shriram City Union Finance is currently trading at Rs. 1947.00, up by 6.05 points or 0.31% from its previous closing of Rs. 1940.95 on the BSE. The scrip opened at Rs. 1935.05 and has touched a high and low of Rs. 1955.75 and Rs. 1922.40 respectively. So far 1195 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2600.00 on 14-Sep-2021 and a 52 week low of Rs. 1402.00 on 08-Mar-2022. Last one week high and low of ...
Shriram City Union Finance gains on getting nod to raise Rs 400 crore
Shriram City Union Finance gains on getting nod to raise Rs 400 crore
Source: Accord Fintech
14/09/2022 3:37:24 PM
CCI approval for merger - Shriram City and Shriram Transport Finance Chennai : Shriram Transport Finance Company has received approval from the Competition Commission of India (CCI) for the merger of Shriram Transport Finance Company with Shriram City Union Finance Company on 1 August. The merged entity Shriram Finance will be India’s largest Retail NBFC with Assets Under Management of INR 1.65 lk cr as of Jun-22.  Commenting on the approval, Mr. Umesh Revankar, VC & MD, STFC said, “With this approval, we have now received app...
CCI approval for merger - Shriram City and Shriram Transport Finance
CCI approval for merger - Shriram City and Shriram Transport Finance
Source: PR Agency
2/08/2022 5:56:49 PM
Key News - IKEA India, Tata Steel Ltd, Hindustan Aeronautics Ltd, Colgate Palmolive Ltd, Shriram City Union Finance Ltd By ARETE Securities Key News Ikea India increases prices of some products as inflation bites IKEA India has increased prices of some of its products due to rising inflation while also absorbing the high inflation costs on other products. Susanne Pulver, chief executive officer (CEO) of IKEA India, said no one remains unaffected by what is happening in the world and it is the same for the company as well.   Tata Steel signs MoU with start-up for drone-based mining solutions Domestic giant Tata...
Key News - IKEA India, Tata Steel Ltd, Hindustan Aeronautics Ltd, Colgate Palmolive Ltd, Shriram City Union Finance Ltd By ARETE Securities
Key News - IKEA India, Tata Steel Ltd, Hindustan Aeronautics Ltd, Colgate Palmolive Ltd, Shriram City Union Finance Ltd By ARETE Securities
Source: ARETE Securities Ltd
28/07/2022 9:49:31 AM
Shriram City Union Finance spurts on getting nod to raise Rs 300 crore Shriram City Union Finance is currently trading at Rs. 1646.85, up by 33.20 points or 2.06% from its previous closing of Rs. 1613.65 on the BSE. The scrip opened at Rs. 1625.80 and has touched a high and low of Rs. 1650.70 and Rs. 1610.00 respectively. So far 2086 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2600.00 on 14-Sep-2021 and a 52 week low of Rs. 1402.00 on 08-Mar-2022. Last one week high and low of...
Shriram City Union Finance spurts on getting nod to raise Rs 300 crore
Shriram City Union Finance spurts on getting nod to raise Rs 300 crore
Source: Accord Fintech
15/06/2022 4:17:32 PM
Shriram City Union Finance spurts on getting nod to raise up to Rs 750 crore via NCDs Shriram City Union Finance is currently trading at Rs. 1674.50, up by 52.90 points or 3.26% from its previous closing of Rs. 1621.60 on the BSE. The scrip opened at Rs. 1658.50 and has touched a high and low of Rs. 1694.45 and Rs. 1640.00 respectively. So far 1011 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2600.00 on 14-Sep-2021 and a 52 week low of Rs. 1402.00 on 08-Mar-2022. Last one week high and low of...
Shriram City Union Finance spurts on getting nod to raise up to Rs 750 crore via NCDs
Shriram City Union Finance spurts on getting nod to raise up to Rs 750 crore via NCDs
Source: Accord Fintech
5/05/2022 11:08:05 AM
Shriram City Union Finance trades higher on reporting 10% rise in Q4 consolidated net profit Shriram City Union Finance is currently trading at Rs. 1714.35, up by 6.45 points or 0.38% from its previous closing of Rs. 1707.90 on the BSE. The scrip opened at Rs. 1660.80 and has touched a high and low of Rs. 1722.75 and Rs. 1660.80 respectively. So far 582 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2600.00 on 14-Sep-2021 and a 52 week low of Rs. 1400.00 on 03-May-2021. Last one week high and low of t...
Shriram City Union Finance trades higher on reporting 10% rise in Q4 consolidated net profit
Shriram City Union Finance trades higher on reporting 10% rise in Q4 consolidated net profit
Source: Accord Fintech
2/05/2022 11:24:13 AM
Shriram City Union Finance gains on aiming to grow gold loan book to Rs 15,000-20,000 crore over next five years Shriram City Union Finance is currently trading at Rs. 1708.50, up by 5.35 points or 0.31% from its previous closing of Rs. 1703.15 on the BSE. The scrip opened at Rs. 1708.10 and has touched a high and low of Rs. 1718.25 and Rs. 1701.70 respectively. So far 474 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2600.00 on 14-Sep-2021 and a 52 week low of Rs. 1391.25 on 22-Apr-2021. Last one week high and low of t...
Shriram City Union Finance gains on aiming to grow gold loan book to Rs 15,000-20,000 crore over next five years
Shriram City Union Finance gains on aiming to grow gold loan book to Rs 15,000-20,000 crore over next five years
Source: Accord Fintech
13/04/2022 11:48:31 AM
Shriram City Union Finance announces interim dividend of Rs 27 for FY22 Non-banking financial company Shriram City Union Finance on Tuesday said the company's Board approved an interim dividend of Rs 27 per equity share for the financial year FY22. March 17, 2022 is the record date for payment of 2nd interim dividend subject to deduction of tax at source, if any, to the eligible shareholders. The latest dividend is in addition to the interim dividend of Rs 10 per equity share paid to the eligible shareholders on November 24, 2021, the firm said in a reg...
Shriram City Union Finance announces interim dividend of Rs 27 for FY22
Shriram City Union Finance announces interim dividend of Rs 27 for FY22
Source: IANS
8/03/2022 3:34:48 PM
Shriram City Union Finance moves up on inking pact with Hero Electric Shriram City Union Finance is currently trading at Rs. 1814.50, up by 13.70 points or 0.76% from its previous closing of Rs. 1800.80 on the BSE. The scrip opened at Rs. 1794.05 and has touched a high and low of Rs. 1821.40 and Rs. 1789.75 respectively. So far 124 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2600.00 on 14-Sep-2021 and a 52 week low of Rs. 975.05 on 28-Jan-2021. Last one week high and low of t...
Shriram City Union Finance moves up on inking pact with Hero Electric
Shriram City Union Finance moves up on inking pact with Hero Electric
Source: Accord Fintech
14/01/2022 10:50:22 AM
Key News - Reliance Industries Ltd, Bajaj Auto Ltd, Airport Authority of India, Shriram City Union Finance Ltd, Edelweiss Financial Services Ltd By ARETE Securities Key News Reliance becomes promoter in SWREL, holds over 40% stake Sterling and Wilson Renewable Energy Ltd (SWREL) on Monday said that Reliance New Energy Solar Ltd (RNESL) has become its promoter post payment of balance Rs 1,583 crore for acquisition of 25.90 per cent equity in it. With this transaction, RNESL and other group firms together hold over 40 per cent stake in SWREL. Earlier RNESL (acquirer), Reliance Industries Ltd (RIL) and Reliance Ventures Ltd (RVL) had made initial pay...
Key News - Reliance Industries Ltd, Bajaj Auto Ltd, Airport Authority of India, Shriram City Union Finance Ltd, Edelweiss Financial Services Ltd By ARETE Securities
Key News - Reliance Industries Ltd, Bajaj Auto Ltd, Airport Authority of India, Shriram City Union Finance Ltd, Edelweiss Financial Services Ltd By ARETE Securities
Source: ARETE Securities Ltd
4/01/2022 9:30:54 AM
Shriram Capital, Shriram City Union Finance & Shriram Transport Finance announce Merger : Merged entity to be the Largest Retail Finance NBFC in India * Merged entity to be market leader in all businesses it operates in - #1 Commercial Vehicle Financier, #1 MSME lender in the underbanked customer segment and #1 Two Wheeler financier. * Comprehensive product suite, wider distribution network and increased customer touch points to prove beneficial to customers of both organizations.  * Compelling synergies to enhance shareholder value. Potential to increase new business margins through product mix optimisation and cross sell l...
Shriram Capital, Shriram City Union Finance & Shriram Transport Finance announce Merger : Merged entity to be the Largest Retail Finance NBFC in India
Shriram Capital, Shriram City Union Finance & Shriram Transport Finance announce Merger : Merged entity to be the Largest Retail Finance NBFC in India
Source: PR Agency
13/12/2021 4:02:18 PM
Buy Shriram City Union Finance Ltd For Target Rs.2,630 - Edelweiss Financial Services Managing well through challenges Shriram City Union Finance (SCUF) posted Q2FY22 PAT of INR2.8bn surpassing estimates on sharper recovery trends. Asset stress, despite uncertainties, was managed well, with gross stage-3 now at 6.9%. This coupled with limited restructuring and low ECLGS disbursement lends comfort. Business momentum has also picked up significantly. Events over the past two years have tested SCUF’s resilience, particularly given its reliance on the self-employed seg...
Buy Shriram City Union Finance Ltd For Target Rs.2,630 - Edelweiss Financial Services
Buy Shriram City Union Finance Ltd For Target Rs.2,630 - Edelweiss Financial Services
Source: Edelweiss Financial Services Ltd
7/12/2021 10:49:26 AM
Add Shriram City Union Finance Ltd For Target Rs.2,080 - ICICI Securities Fundamentally encouraging performance; group entities’ merger to weigh on valuations Despite vulnerable customer and product profile, rise in stress pool was contained in Q1FY22. Stage-3 assets were up mere 54bps to 6.91%, stage-2 pool has risen to 11.68% (vs 7.93% QoQ) and restructuring was hardly 65bps of AUM. Behaviour of 2-wheeler, SME and personal loans surprised positively. Write-offs pushed annualised credit cost to 4% (higher than expectations) and earnings were dragged be...
Add Shriram City Union Finance Ltd For Target Rs.2,080 - ICICI Securities
Add Shriram City Union Finance Ltd For Target Rs.2,080 - ICICI Securities
Source: ICICI Securities
8/09/2021 10:32:42 AM
View on FMs Push for Co-Lending by Mr. Y S Chakravarti, Shriram City Union Finance Below are Views On FMs Push for Co-Lending by Mr. Y S Chakravarti, MD & CEO, Shriram City Union Finance The FMs push for Co-Lending for PSBs will help in reducing the cost for the ultimate consumer of loans  “The FMs push for Co-Lending for PSBs will help drive penetration, resulting in wider reach, also meet the objective of financial inclusion, and potentially, reduce the cost for the ultimate consumer of loans. In the current model it will benefit smaller NBF...
View on FMs Push for Co-Lending by Mr. Y S Chakravarti, Shriram City Union Finance
View on FMs Push for Co-Lending by Mr. Y S Chakravarti, Shriram City Union Finance
Source: PR Agency
26/08/2021 5:11:18 PM
Buy Shriram City Union Finance Ltd : Steady performance in an uncertain period - Emkay Global Steady performance in an uncertain period * SCUF has delivered operating performance in line with our estimates, but higher provisions (+76.5% qoq) dragged profitability down to Rs2.1bn (+8.2% yoy, -26.3% qoq) vs. our estimate of Rs2.4bn. Margins dipped to ~12.4% in Q1 from ~12.7% in Q4FY21 on account of lower yields amid interest reversals and a rise in the secured portfolio. * Disbursements witnessed a sequential decline to Rs45.6bn (+2.4x yoy) amid a seasonally weak Q1 and weak deman...
Buy Shriram City Union Finance Ltd : Steady performance in an uncertain period - Emkay Global
Buy Shriram City Union Finance Ltd : Steady performance in an uncertain period - Emkay Global
Source: Emkay Global Financial Services
4/08/2021 12:00:33 PM
Buy Shriram City Union Finance Ltd For Target Rs.1,900 - Motilal Oswal Stable performance on asset quality; disbursements recover * SCUF posted a 4QFY21 PAT of INR2.8b (up 84% off a low base YoY; 7% miss). The miss was driven by NII (8% miss), but was offset by lower credit costs (15% beat). In FY21, PPOP and PAT were largely flat YoY at INR22b/INR10b. * We lower our FY22E EPS estimate by ~7% to factor in lower topline growth. The company should deliver RoE/RoA of ~16%/4% in FY23E. We maintain our Buy rating with a TP of INR1,900 per share (1.2x FY23E BVPS...
Buy Shriram City Union Finance Ltd For Target Rs.1,900 - Motilal Oswal
Buy Shriram City Union Finance Ltd For Target Rs.1,900 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
21/05/2021 10:41:24 AM
Buy Shriram City Union Finance Ltd For Target Rs. 2,080 - ICICI Securities Stability demonstrated against all odds; housing finance incremental valuation driver Despite all odds, Shriram City Union Finance (SCUF) has been consistently reporting stable earnings for the past three quarters. Q4FY21 earnings too were encouraging with disbursement growth of 21% YoY (6% QoQ) driving 4% sequential rise in AUM. Asset quality showed promising trends: 1) stage-3 assets down 9bps QoQ to 6.37%, 2) stage-2 managed at 6%, 3) restructuring at 0.5% of AUM, and 4) credit cost con...
Buy Shriram City Union Finance Ltd For Target Rs. 2,080 - ICICI Securities
Buy Shriram City Union Finance Ltd For Target Rs. 2,080 - ICICI Securities
Source: ICICI Securities Ltd
20/05/2021 11:02:09 AM
Hold Shriram City Union Finance Ltd For Target Rs.1,165 - Emkay Global In-line performance with improving asset quality * SCUF has reported in-line PAT of Rs2.8bn (+84.3% yoy, +0.5% qoq) in Q4FY21 on the back of an improving growth trajectory along with low provision charges. * Disbursements witnessed steady growth at ~21.3% yoy (+6% qoq) to Rs65.7bn, mainly aided by SME loans (up ~74.2% qoq). The company recorded highest ever Personal loans disbursements of Rs8.1bn (+30% qoq). It has also introduced a news product in the quarter – LAP, registering d...
Hold Shriram City Union Finance Ltd For Target Rs.1,165 - Emkay Global
Hold Shriram City Union Finance Ltd For Target Rs.1,165 - Emkay Global
Source: Emkay Global Financial Services Ltd
10/05/2021 10:47:57 AM
Shriram City Union Finance Ltd : Comfortable liquidity to aid growth; upgrade to Buy - Emkay Global Comfortable liquidity to aid growth; upgrade to Buy * We upgrade SCUF to Buy from Hold as the Q4FY21 performance justifies that its struggle for liquidity is finally over. Diversification in the lending profile (SME, PL, 2W, gold loans, Housing and LAP) and improving asset quality profile indicate likely earnings surprises in future. * Recent lockdowns pose uncertainty over growth and asset quality in the near term due to SCUF’s retail-centric lending and its exposure to a low-inc...
Shriram City Union Finance Ltd : Comfortable liquidity to aid growth; upgrade to Buy - Emkay Global
Shriram City Union Finance Ltd : Comfortable liquidity to aid growth; upgrade to Buy - Emkay Global
Source: Emkay Global Financial Services Ltd
8/05/2021 10:33:50 AM
Quote on Shriram City Union By Jyoti Roy, Angel Broking Below are Quote on Shriram City Union By Mr. Jyoti Roy - DVP- Equity Strategist, Angel Broking Ltd Shriram City Union Finance is part of the Shriram group and is in the high margin business of lending to small businesses which account for 57.3% of the loan book as of end FY20. The company  also provides auto, 2 wheeler, gold, and personal loans. The company posted a good set of number s for the quarter due to positive surprise on the a...
Quote on Shriram City Union By Jyoti Roy, Angel Broking
Quote on Shriram City Union By Jyoti Roy, Angel Broking
Source: Angel Broking Ltd
8/02/2021 3:07:46 PM