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Add Shriram Finance Ltd For Target Rs.3,500 By Emkay Global Financial Services SHFL reported steady performance in Q2FY25 with AUM, profitability, asset quality, and credit cost coming in line with consensus and our expectations amid a volatile environment. In addition to meeting expectations, the performance was broadly stable to a slight improvement QoQ. There has been good progress on the guided path of ~17-18% AuM growth, and commensurate growth in profit with stable asset quality. Overall, SHFL continued to impress with increasing predictability of its performance....
Add Shriram Finance Ltd For Target Rs.3,500 By Emkay Global Financial Services
Add Shriram Finance Ltd For Target Rs.3,500 By Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
2024-11-13 01:50:26 pm
Buy Shriram Finance Ltd For Target Rs. 3,700 By Yes Securities Ltd Sustained strong show Another quarter of solid performance  Shriram Finance delivered an in-line AUM growth, stable NIM and stronger-thanexpected asset quality performance in Q2 FY25, underpinning sustained delivery of 3%+/15%+ RoA/RoE. Disbursement traction remained brisk (up 6% qoq/15% yoy), driving a sturdy AUM growth (4% qoq/20% yoy). The loan portfolio growth continued to be driven by Used CV (Disb/AUM up 7% qoq/2% qoq), Used PV (Disb/AUM up 3% qoq/7% qoq), MSME (Disb/AUM up 1...
Buy Shriram Finance Ltd For Target Rs. 3,700 By Yes Securities Ltd
Buy Shriram Finance Ltd For Target Rs. 3,700 By Yes Securities Ltd
Source: Yes Securities Ltd
2024-11-10 11:14:13 am
Buy Shriram Finance Ltd For Target Rs.4,000 By Motilal Oswal Financial Services Ltd Execution better than vehicle finance peers; earnings in line Despite industry-level stress, its asset quality improves and credit costs remain flat * Shriram Finance (SHFL)’s 2QFY25 PAT rose ~18% YoY to ~INR20.7b (in line), and PPoP grew 14% YoY to ~INR39.8b (in line). NII grew ~19% YoY to INR54.6b (in line), while reported NIM dipped ~5bp QoQ to ~8.75%. 1HFY25 PAT grew ~18% YoY to INR40.5b and we expect 2HFY25 PAT to grow by ~15% YoY * Credit costs of ~INR12.3b (10%...
Buy Shriram Finance Ltd For Target Rs.4,000 By Motilal Oswal Financial Services Ltd
Buy Shriram Finance Ltd For Target Rs.4,000 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-11-10 10:25:38 am
Announcement: Shriram Finance Q2 FY25 Result  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 second quarter ended 30th September, 2024. Financials (Standalone) : Second quarter ended 30th September, 2024 : The Net Interest Income for the second quarter ended 30th September, 2024 increased by 16.37% and stood at Rs. 5,606.74 crores as against Rs. 4,818.18 crores in the same period of t...
Announcement: Shriram Finance Q2 FY25 Result
Announcement: Shriram Finance Q2 FY25 Result
Source: PR Agency
2024-10-27 05:56:47 pm
India`s Shriram Finance posts higher Q2 profit on strong loan demand India's Shriram Finance reported an 18% jump in second-quarter profit on Friday, propelled by robust growth in its key lending segments. The company reported a standalone net profit of 20.71 billion rupees ($246.4 million) for the quarter ended Sept. 30, compared to 17.51 billion rupees a year ago. The standalone results do not include results of Shriram Automall India and Shriram Housing Finance, the latter of which the company said was being "held for sale" in its earnin...
India`s Shriram Finance posts higher Q2 profit on strong loan demand
India`s Shriram Finance posts higher Q2 profit on strong loan demand
Source: Reuters
2024-10-25 05:31:39 pm
Quote on RBI Monetary Policy Committee by Mr. Umesh Revankar, Executive Vice Chairman, Shriram Finance Below the Quote on RBI Monetary Policy Committee by Mr. Umesh Revankar, Executive Vice Chairman, Shriram Finance   "RBI’s decision to change its stance from ‘Withdrawal of Accommodation’ to ‘Neutral’ is encouraging and raises hopes of a possible rate cut in the near future. A resilient domestic economy and an overall optimistic outlook fueled by private consumption, a favourable Kharif season, and a positive outlook for the Rabi Season based on im...
Quote on RBI Monetary Policy Committee by Mr. Umesh Revankar, Executive Vice Chairman, Shriram Finance
Quote on RBI Monetary Policy Committee by Mr. Umesh Revankar, Executive Vice Chairman, Shriram Finance
Source: Shriram Finance Ltd
2024-10-09 04:01:12 pm
Greaves Cotton gains as its arm enters into partnership with ShriramFinance Greaves Cotton is currently trading at Rs. 183.10, up by 3.05 points or 1.69% from its previous closing of Rs. 180.05 on the BSE. The scrip opened at Rs. 175.00 and has touched a high and low of Rs. 184.75 and Rs. 175.00 respectively. So far 169308 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 193.00 on 18-Sep-2024 and a 52 week low of Rs. 112.50 on 04-Jun-2024. Last one week high and low of the scrip stood at...
Greaves Cotton gains as its arm enters into partnership with ShriramFinance
Greaves Cotton gains as its arm enters into partnership with ShriramFinance
Source: Accord Fintech
2024-10-03 10:37:09 am
Shriram Finance raises USD 500mn through Social Bonds from International Bond Markets One of the India’s largest retail financing Non-Banking Finance Companies has successfully priced a USD 500 million Fixed Rate Senior Secured Rule 144A / Reg S Bond for a 3.5 year tenor at an interest rate of 6.15%. This deal marks the largest deal size by the Company. This is the Company’s 9 th successful USD public bond issuance since the relaxation in the ECB guidelines. Following a strong book build supported by high quality long only marquee investors, the Company was able...
Shriram Finance raises USD 500mn through Social Bonds from International Bond Markets
Shriram Finance raises USD 500mn through Social Bonds from International Bond Markets
Source: Shriram Finance Ltd
2024-09-26 11:59:50 am
Shriram Finance Welcomes Cricket Legend Rahul Dravid as Brand Ambassador Shriram Finance Ltd., the flagship company of the Shriram Group, proudly announces the onboarding of former Captain and Head Coach of the Indian Cricket Team, Rahul Dravid, as their Brand Ambassador. This partnership unites two iconic entities renowned for their trust and reliability. A Partnership Built on Shared Values Rahul Dravid, celebrated for his unwavering dedication on the cricket field, epitomizes the core values that Shriram Finance upholds. Just as Rahul was the backbone of ...
Shriram Finance Welcomes Cricket Legend Rahul Dravid as Brand Ambassador
Shriram Finance Welcomes Cricket Legend Rahul Dravid as Brand Ambassador
Source: Shriram Finance Ltd
2024-09-10 04:13:31 pm
India`s Shriram Finance plans to raise $1.5 billion in FY25 from overseas market, CEO says Indian non-banking lender Shriram Finance plans to raise up to $1.5 billion from the overseas market in the current fiscal year in a bid to diversify borrowings, its chief executive told Reuters on Tuesday. "We are targeting to raise anywhere between $1.25 billion to $1.5 billion (in fiscal year 2024-25)" through a mix of loans and bonds, CEO and Managing Director Y S Chakravarti said. Of this, the lender has already raised $300 million and is planning to raise another $300 mi...
India`s Shriram Finance plans to raise $1.5 billion in FY25 from overseas market, CEO says
India`s Shriram Finance plans to raise $1.5 billion in FY25 from overseas market, CEO says
Source: Reuters
2024-08-27 03:18:54 pm
Shriram Finance introduces `Jitne Samay Ka loan Utne ka hi Byaj` campaign for Gold Loans Shriram Finance Limited, the flagship company of the Shriram Group, today announced the introduction of a campaign to drive awareness of the Jitne Samay Ka loan Utne Ka hi Byaj feature on their Gold Loans with the aim to make it cost-effective, easy and convenient for customers. Speaking about this initiative, Ms. Elizabeth Venkataraman, Executive Director - Marketing, Shriram Finance Ltd said: “In our interactions with customers, we realized that customers are beginni...
Shriram Finance introduces `Jitne Samay Ka loan Utne ka hi Byaj` campaign for Gold Loans
Shriram Finance introduces `Jitne Samay Ka loan Utne ka hi Byaj` campaign for Gold Loans
Source: PR Agency
2024-08-10 09:42:37 am
Buy Shriram Finance Ltd For Target Rs.3,420 By Yes Securities Sustained strong show Another quarter of steady performance Shriram Finance delivered an in-line growth, softer NIM and stronger asset quality performance versus our expectations. Disbursement momentum (up 24% yoy) remained robust, underpinning a sturdy AUM growth (4% qoq/21% yoy). Growth was driven by continued traction in Used PV (book up 6% qoq/27% yoy) and MSME (book up 10% qoq/44% yoy) and revival in Farm Equipment financing (book up 7% qoq/17% yoy). Negligible impact on collection...
Buy Shriram Finance Ltd For Target Rs.3,420 By Yes Securities
Buy Shriram Finance Ltd For Target Rs.3,420 By Yes Securities
Source: Yes Securities Ltd
2024-08-09 05:38:30 pm
Shriram Finance zooms on executing master agreement with Axis Bank Shriram Finance is currently trading at Rs. 2938.60, up by 66.90 points or 2.33% from its previous closing of Rs. 2871.70 on the BSE. The scrip opened at Rs. 2901.30 and has touched a high and low of Rs. 2971.00 and Rs. 2881.75 respectively. So far 10199 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3058.95 on 26-Jun-2024 and a 52 week low of Rs. 1759.20 on 16-Aug-2023. Last one week high and low of the scrip...
Shriram Finance zooms on executing master agreement with Axis Bank
Shriram Finance zooms on executing master agreement with Axis Bank
Source: Accord Fintech
2024-08-09 03:20:48 pm
Shriram Finance trades higher on executing master agreement with Central Bank Shriram Finance is currently trading at Rs. 2943.20, up by 11.05 points or 0.38% from its previous closing of Rs. 2932.15 on the BSE. The scrip opened at Rs. 2935.50 and has touched a high and low of Rs. 2959.35 and Rs. 2920.15 respectively. So far 3806 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3058.95 on 26-Jun-2024 and a 52 week low of Rs. 1759.20 on 16-Aug-2023. Last one week high and low of the scrip ...
Shriram Finance trades higher on executing master agreement with Central Bank
Shriram Finance trades higher on executing master agreement with Central Bank
Source: Accord Fintech
2024-08-01 10:26:37 am
Buy Shriram Finance Ltd For Target Rs. 3,480 By Centrum Broking Ltd Strong growth in a weak environment Shriram reported strong performance in 1QFY25 aided by robust AUM growth (up 21% YoY and 4% QoQ) and healthy return profile with RoA (calc) at 3.3%. NII was up 25% YoY and 3% QoQ (5% above est). NIMs (on AUM, calc) declined 13bps QoQ to 9.1% was due to change in product mix. Going ahead, some margin improvement can be expected. Operating profits increased 23% YoY and down 1% QoQ (5% above our estimates) while PAT grew 18% YoY and 2.0% QoQ (6% ahead of ou...
Buy Shriram Finance Ltd For Target Rs. 3,480 By Centrum Broking Ltd
Buy Shriram Finance Ltd For Target Rs. 3,480 By Centrum Broking Ltd
Source: Centrum Broking Ltd
2024-07-29 03:35:33 pm
Shriram Finance Ltd. Q1FY25 Result First Cut Shriram Finance Ltd. Q1FY25 Result First Cut - Decent performance across all parameters * Net Interest Income stood at Rs. 5,354 crores in Q1FY25, showing a growth of 0.4% QoQ / up 20.6% YoY. * Pre-provision operating profit (PPOP) stood at Rs. 3,780 crores in Q1FY25, showing a de-growth of 0.1% QoQ / up 22.9% YoY. * Provisions declined to Rs. 1,188 crores in Q1FY25 from Rs. 1,261 crores in Q4FY24 and up to Rs. 879 crores in Q1FY24. * The bank’s quarterly net profit of Rs. 1...
Shriram Finance Ltd. Q1FY25 Result First Cut
Shriram Finance Ltd. Q1FY25 Result First Cut
Source: PR Agency
2024-07-28 10:29:03 am
Shriram Finance shines on reporting 18% rise in Q1 net profit Shriram Finance is currently trading at Rs. 2941.70, up by 261.40 points or 9.75% from its previous closing of Rs. 2680.30 on the BSE. The scrip opened at Rs. 2681.05 and has touched a high and low of Rs. 2987.00 and Rs. 2681.05 respectively. So far 230126 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3058.95 on 26-Jun-2024 and a 52 week low of Rs. 1759.20 on 16-Aug-2023. Last one week high and low of the scr...
Shriram Finance shines on reporting 18% rise in Q1 net profit
Shriram Finance shines on reporting 18% rise in Q1 net profit
Source: Accord Fintech
2024-07-26 03:29:39 pm
Announcement: Shriram Finance Q1 FY25 Result The Net Interest Income for the first quarter ended 30th June, 2024 increased by 20.63% and stood at Rs.5,354.47 crores as against Rs. 4,438.68 crores in the same period of the previous year. The profit after tax increased by 18.21% and stands at Rs. 1,980.59 crores as against Rs. 1,675.44 crores recorded in the same period of the previous year. The earning per share (basic) increased by 17.82% and stands at Rs. 52.70 as against Rs. 44.73 recorded in the same period of the previous year...
Announcement: Shriram Finance Q1 FY25 Result
Announcement: Shriram Finance Q1 FY25 Result
Source: Shriram Finance Ltd
2024-07-26 03:08:14 pm
Quote on Union Budget 2024 by Mr. Umesh Revankar, Executive Vice Chairman, Shriram Finance Below the Quote on Union Budget 2024 by Mr. Umesh Revankar, Executive Vice Chairman, Shriram Finance   "The Union Budget, as expected, was in-sync with the announcements made in the interim budget earlier this year. The budget focusses particularly on Employment, Skilling, MSMEs, and the Middle Class with sustained efforts to be made across nine specific areas to achieve the vision of a Viksit Bharat.   This budget provides special attention to MSMEs and manufa...
Quote on Union Budget 2024 by Mr. Umesh Revankar, Executive Vice Chairman, Shriram Finance
Quote on Union Budget 2024 by Mr. Umesh Revankar, Executive Vice Chairman, Shriram Finance
Source: Shriram Finance Ltd
2024-07-24 10:54:54 am
Buy Shriram Finance Ltd. For Target Rs.2,900 By Motilal Oswal Financial Services Diversification and strong execution boost growth outlook * Shriram Finance (SHFL), the merged entity of Shriram Transport Finance (SHTF) and Shriram City Union Finance (SCUF), has emerged as a stronger player in all its product segments. With a more diversified AUM mix and better access to liabilities, SHFL is effectively driving cross-selling of non-vehicle products to its customers. * With a legacy spanning over four decades, SHFL has demonstrated its execution capability in the com...
Buy Shriram Finance Ltd. For Target Rs.2,900 By Motilal Oswal Financial Services
Buy Shriram Finance Ltd. For Target Rs.2,900 By Motilal Oswal Financial Services
Source: motilal oswal financial services Ltd
2024-06-13 12:05:49 pm
Shriram Finance Raises Multi Currency USD 468 mn equivalen Shriram Finance Limited (SFL), the flagship company of Shriram Group, has recently completed a significant fund-raising effort, securing USD 425 million and EUR 40 million through a syndicated term loan transaction. This marks the largest widely syndicated loan transaction for a private non-banking financial company (NBFC) from India in recent years, and it is the largest ever syndicated loan transaction by Shriram Finance.    This achievement follows closely on the heels of a...
Shriram Finance Raises Multi Currency USD 468 mn equivalen
Shriram Finance Raises Multi Currency USD 468 mn equivalen
Source: PR Agency
2024-06-03 03:36:31 pm
Shriram Finance jumps on raising multi currency social loan via syndicated transaction Shriram Finance is currently trading at Rs. 2525.30, up by 172.45 points or 7.33% from its previous closing of Rs. 2352.85 on the BSE. The scrip opened at Rs. 2453.95 and has touched a high and low of Rs. 2547.80 and Rs. 2452.70 respectively. So far 58701 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2658.00 on 03-May-2024 and a 52 week low of Rs. 1390.20 on 16-Jun-2023. Last one week high and low of the scri...
Shriram Finance jumps on raising multi currency social loan via syndicated transaction
Shriram Finance jumps on raising multi currency social loan via syndicated transaction
Source: Accord Fintech
2024-06-03 02:35:12 pm
Announcement : Shriram Finance Q4 FY 2023 - 24 result 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 previ...
Announcement : Shriram Finance Q4 FY 2023 - 24 result
Announcement : Shriram Finance Q4 FY 2023 - 24 result
Source: PR Agency
2024-04-27 09:25:28 am
Buy Shriram Finance Ltd. For Target Rs.2700 By Motilal Oswal Financial Service -      Shriram Finance (SHFL)’s 3Q PAT grew 2% YoY to ~INR18.2b (in line), while 9MFY24 PAT rose ~12% YoY. PPoP was up 12% YoY to ~INR36.9b (in line). -      NII grew ~17% YOY to INR49.1b (inline). The reported NIM expanded ~5bp QoQ to ~9%, aided by a higher-yielding product mix. Credit cost of INR12.5b (7% higher than MOSLe) translated into an annualized credit cost of ...
Buy Shriram Finance Ltd. For Target Rs.2700 By Motilal Oswal Financial Service
Buy Shriram Finance Ltd. For Target Rs.2700 By Motilal Oswal Financial Service
Source: Motilal Oswal Financial Services Ltd
2024-04-11 03:19:49 pm
Buy Shriram Finance Ltd. For Target Rs.2,800 By Yes Securities Above expectations on growth and margins Shriram Finance delivered a 1.5-2% beat in NII/PPOP on the back of stronger-thanexpected growth and a resilient margin performance. Asset quality/portfolio construct continues to improve even after adjusting the write-offs. Earnings were marginally below estimate as credit cost was higher on higher growth and shift in loans mix whereas write-offs remain regular. ECL coverage witnessed a slight increase on Stage1 and Stage-2 assets. The collection ef...
Buy Shriram Finance Ltd. For Target Rs.2,800 By Yes Securities
Buy Shriram Finance Ltd. For Target Rs.2,800 By Yes Securities
Source: Yes Securities Ltd.
2024-04-11 10:33:52 am
Shriram Finance Ltd revises FD interest rates on various tenors Shriram Finance Ltd (SFL), India’s largest retail NBFC has increased interest rates on fixed deposits by 0.05 to 0.20 in various maturity tenures. The revised rates have come into effect from 9 April 2024.   Senior citizens aged 60 years or above at the time of deposit/renewal are eligible to earn an additional 0.50% interest per annum, while women investors can avail an extra 0.10% interest per annum. SFL will offer an additional interest of 0.25% per annum on all ...
Shriram Finance Ltd revises FD interest rates on various tenors
Shriram Finance Ltd revises FD interest rates on various tenors
Source: PR Agency
2024-04-11 10:00:21 am
Buy Shriram Finance Ltd. For Target Rs.2,680 By JM Financial Services Steady quarter led by strong growth; Rerating ahead\ Shiram Finance (SFL) reported a steady quarter with PAT of INR 18.2bn (+3.9% QoQ, +2.3% YoY) which was in line with our estimates led by a) strong AUM growth of (+5.7% QoQ, +20.7% YoY) and b) healthy NII growth (+5.7% QoQ, +15% YoY) with NIMs at 8.99% (+6bps QoQ). AUM growth was driven by PVs (i.e. passengers CVs, which grew 30.8% YoY) as well as erstwhile-SCUF products such as MSME loans (30.3% YoY), gold loans (32.8% YoY) and personal ...
Buy Shriram Finance Ltd. For Target Rs.2,680 By JM Financial Services
Buy Shriram Finance Ltd. For Target Rs.2,680 By JM Financial Services
Source: JM Financial Services
2024-03-26 03:10:39 pm
Shriram Finance unit raises $300 million via social bonds India Vehicle Finance, a Mauritius-incorporated special purpose vehicle set up by Shriram Finance, has raised $300 million in a "first-of-its-kind deal" by an Indian issuer, according to a term sheet seen by Reuters. The bonds, which come under the "social bonds" category and were issued to U.S. investors, were priced at a coupon of 5.85% late on Monday, inside the initial price guidance of around 6.15%. While "non-banking finance companies regularly sell simila...
Shriram Finance unit raises $300 million via social bonds
Shriram Finance unit raises $300 million via social bonds
Source: Reuters
2024-03-19 04:45:39 pm
More mid and small cap funds likely to impose restrictions on lump sum investments More mid and small cap funds are likely to impose restrictions on lump sum investments into the mid and small cap schemes, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. A significant development is the communication from SEBI to AMFI suggesting that mutual funds set up a framework for protecting investors in mid and small cap funds. Sustained flows of retail money into these funds have made their valuations excessive and difficult to sustain, he said. Thi...
More mid and small cap funds likely to impose restrictions on lump sum investments
More mid and small cap funds likely to impose restrictions on lump sum investments
Source: IANS
2024-02-29 12:40:45 pm
India`s Shriram Finance to replace UPL in blue-chip Nifty 50 index  Non-banking finance firm Shriram Finance will replace agrochemical company UPL on the blue-chip Nifty 50 index, effective March 28, the National Stock Exchange of India said on Wednesday. The change is part of a periodic review of broad market indices. UPL has been removed from the blue-chip index after its exclusion from the Nifty 100, a parent index for the Nifty 50, the NSE said in a statement. Shriram Finance has the highest six-month average free-float market capitalizatio...
India`s Shriram Finance to replace UPL in blue-chip Nifty 50 index
India`s Shriram Finance to replace UPL in blue-chip Nifty 50 index
Source: Reuters
2024-02-29 09:33:13 am
Accumulate Shriram Finance Ltd For Target Rs. 2,540 - Elara Capital Positives priced-in, all eyes on credit costs Strong growth, steady margins drive profits    Shriram Finance’s (SHFL IN) healthy Q3 earnings stood in-line led by: a) steady margins (mere 4bps increase QoQ) at 9.78%, on shift in product mix to high-yielding assets (2W/gold/MSME/PL share up to 24% of book, with 20%+ yields) and calculated CoF declining ~20bps QoQ and b) robust business tract...
Accumulate Shriram Finance Ltd For Target Rs. 2,540 - Elara Capital
Accumulate Shriram Finance Ltd For Target Rs. 2,540 - Elara Capital
Source: Elara Capital
2024-02-18 10:39:01 am
Buy Shriram Finance Ltd For Target Rs. Rs 2,800 - Centrum Broking Ltd Merger synergies visible as AUM growth scales up Shriram reported AUM of Rs 2.14 tn, up 21% YoY and 6% QoQ. Disbursements for 3QFY24 stood at Rs 377.9bn, up 29% YoY and 9% QoQ (9M growth of 28% YoY). Strong growth was witnessed in PV/MSME/2W/Gold/PL which grew 31%/31%/22%/33%/65% YoY. Our calculation suggests that erstwhile Shriram Transport portfolio increased by 17% YoY, largely driven by growth in PV segment as against 13% YoY growth in CV AUM. Cross-sell of PV, 2W, Gold Loans and PL ac...
Buy Shriram Finance Ltd For Target Rs. Rs 2,800 - Centrum Broking Ltd
Buy Shriram Finance Ltd For Target Rs. Rs 2,800 - Centrum Broking Ltd
Source: Centrum Broking Limited
2024-01-29 04:24:02 pm
India`s Shriram Finance sees assets under management growth slowing to 15% in FY25  Indian non-banking finance company Shriram Finance expects its assets under management (AUM) to grow at 15% in fiscal 2025 from around 20% expected in the current year ending March 31, its executive vice chairman said on Monday. "For this year, we may end up at an AUM growth of around 20% because the first three quarters have been good," Umesh Revankar said in an interview with Reuters. "For next year, we are a little cautious because we have elections in the first ...
India`s Shriram Finance sees assets under management growth slowing to 15% in FY25
India`s Shriram Finance sees assets under management growth slowing to 15% in FY25
Source: Reuters
2024-01-29 04:05:54 pm
Shriram Finance Q3 FY2023-24 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 ...
Shriram Finance Q3 FY2023-24
Shriram Finance Q3 FY2023-24
Source: PR Agency
2024-01-26 02:44:17 pm
Pre-Budget Expectation : We anticipate that the 2024 interim budget will adequately make NBFCs part By Mr. Umesh Revankar, Shriram Finance Below Budget Expectation quote by Mr. Umesh Revankar, Executive Vice Chairman, Shriram Finance    “We anticipate that the 2024 interim budget will adequately make NBFCs part of sustainable economic growth towards achieving the USD 5 Trillion economy milestone. We expect the accent on infrastructure capex to continue with a focus on logistics improvement which is essential for "Make in India" to be a big success. Likewise, the government would do well to pe...
Pre-Budget Expectation : We anticipate that the 2024 interim budget will adequately make NBFCs part By Mr. Umesh Revankar, Shriram Finance
Pre-Budget Expectation : We anticipate that the 2024 interim budget will adequately make NBFCs part By Mr. Umesh Revankar, Shriram Finance
Source: PR Agency
2024-01-22 02:41:23 pm
Shriram Finance raises USD 750mn through Social Bond from International Bond Markets One of India’s largest retail financing Non-Banking Finance company has successfully priced a USD 750 million Fixed Rate Senior Secured 144A / Reg S Bond for a 3.25year tenor. This deal marks the largest deal size by the company. This is the Company’s  8th successful USD public bond issuance since the relaxation in the ECB guidelines.   Following a strong book build supported by high quality long only marquee investors, the Company was able to achieve highest tig...
Shriram Finance raises USD 750mn through Social Bond from International Bond Markets
Shriram Finance raises USD 750mn through Social Bond from International Bond Markets
Source: PR Agency
2024-01-18 11:41:47 am
Shriram Finance to issue over 3-yr dollar denominated bonds - bankers India's Shriram Finance plans to raise funds through U.S. dollar denominated bonds maturing in three years and three months, two merchant bankers said on Tuesday. The funds will be used to support social projects and other activities allowed under the Reserve Bank of India's external commercial borrowing guidelines, a term sheet showed. The company has not disclosed the amount it plans to raise, but bankers have indicated that it may raise between $500 million to $1 billion thro...
Shriram Finance to issue over 3-yr dollar denominated bonds - bankers
Shriram Finance to issue over 3-yr dollar denominated bonds - bankers
Source: Reuters
2024-01-16 04:36:28 pm
High Conviction Idea : Buy Shriram Finance Ltd For Target Rs. 2,196 - Religare Broking Uptick in top-line growth: Shriram Finance Net Interest Income (NII) in Q2FY24 was Rs 4,969 Cr with a growth of 8.5% QoQ/18.8% YoY. NII growth was mainly led by improvement in yields as the interest income increased by 6.8% QoQ/16.6% YoY to Rs 8,909 Cr. Interest expense remained moderate as the company managed its cost of funds effectively with a growth 4.8% QoQ/13.8% YoY to Rs 3,839 Cr. Margins improvement continues: Net Interest Margin (NIM) during the quarter improved by 60bps QoQ/67bps...
High Conviction Idea : Buy Shriram Finance Ltd For Target Rs. 2,196 - Religare Broking
High Conviction Idea : Buy Shriram Finance Ltd For Target Rs. 2,196 - Religare Broking
Source: Religare Broking Ltd
2024-01-08 10:57:55 am
Shriram Finance moves up on executing Master Agreement with SIDBI Shriram Finance is currently trading at Rs. 2041.95, up by 8.30 points or 0.41% from its previous closing of Rs. 2033.65 on the BSE. The scrip opened at Rs. 2052.15 and has touched a high and low of Rs. 2057.00 and Rs. 2034.15 respectively. So far 3386 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2114.95 on 05-Dec-2023 and a 52 week low of Rs. 1190.00 on 28-Feb-2023. Last one week high and low of the scrip s...
Shriram Finance moves up on executing Master Agreement with SIDBI
Shriram Finance moves up on executing Master Agreement with SIDBI
Source: Accord Fintech
2023-12-08 10:04:35 am
Pre Monetary Policy Quote by Mr. Umesh Revankar, Executive Vice Chairman, Shriram Finance Below the Pre Monetary Policy quote by Mr. Umesh Revankar, Executive Vice Chairman, Shriram Finance  "The RBI's ‘State of the Economy’ monthly bulletin for November acknowledged the robust festival-driven demand and positive consumer sentiment. It also mentioned the decline of inflation to 4.7% in October. These statements have kindled hope of a return to the declining rates regime. However, recently, the RBI raised risk weights on consumer credit, credi...
Pre Monetary Policy Quote by Mr. Umesh Revankar, Executive Vice Chairman, Shriram Finance
Pre Monetary Policy Quote by Mr. Umesh Revankar, Executive Vice Chairman, Shriram Finance
Source: PR Agency
2023-11-27 04:39:39 pm
Quote on RBI governor`s views on lending exuberance and overreliance on fintech models By Mr. Umesh Revankar, Shriram Finance Limited Below a quote on 'RBI governor's cautions against lending exuberance, overreliance on fintech models' by Mr. Umesh Revankar – Executive Vice Chairman, Shriram Finance Limited “The increase in risk weights of bank loans to NBFCs will result in a further evolution of the lending landscape. Since our capital markets are shallow, it does not present a convenient option for NBFCs, especially the smaller ones, to raise funds for lending. The increases in risk we...
Quote on RBI governor`s views on lending exuberance and overreliance on fintech models By Mr. Umesh Revankar, Shriram Finance Limited
Quote on RBI governor`s views on lending exuberance and overreliance on fintech models By Mr. Umesh Revankar, Shriram Finance Limited
Source: PR Agency
2023-11-26 05:10:58 pm
Quote on RBI`s new regulations for NBFCs by Mr. Umesh Revankar, Shriram Finance Below is Quote on RBI's new regulations for NBFCs by Mr. Umesh Revankar, Executive Vice Chairman, Shriram Finance "The new regulatory measures from RBI certainly makes everyone anxious and NBFCs will now do well to closely monitor their margins. The regulator is wary of multiple loans to individuals that are mostly happening in the digital lending space where the end use of the loan isn't always crystal clear. I think most of the established NBFCs and banks are mindful of...
Quote on RBI`s new regulations for NBFCs by Mr. Umesh Revankar, Shriram Finance
Quote on RBI`s new regulations for NBFCs by Mr. Umesh Revankar, Shriram Finance
Source: PR Agency
2023-11-19 10:06:55 am
Shriram Finance edges higher on raising Rs 345 crore via NCDs Shriram Finance is currently trading at Rs. 2039.00, up by 3.40 points or 0.17% from its previous closing of Rs. 2035.60 on the BSE. The scrip opened at Rs. 2049.95 and has touched a high and low of Rs. 2050.00 and Rs. 2015.60 respectively. So far 9607 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2050.00 on 16-Nov-2023 and a 52 week low of Rs. 1190.00 on 28-Feb-2023. Last one week high and low of the scrip s...
Shriram Finance edges higher on raising Rs 345 crore via NCDs
Shriram Finance edges higher on raising Rs 345 crore via NCDs
Source: Accord Fintech
2023-11-16 03:32:59 pm
Shriram Finance zooms on reporting 14% rise in Q2 consolidated net profit Shriram Finance is currently trading at Rs. 1946.25, up by 148.60 points or 8.27% from its previous closing of Rs. 1797.65 on the BSE. The scrip opened at Rs. 1853.90 and has touched a high and low of Rs. 1960.20 and Rs. 1850.90 respectively. So far 57476 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1974.95 on 12-Sep-2023 and a 52 week low of Rs. 1190.00 on 28-Feb-2023. Last one week high and low of the scri...
Shriram Finance zooms on reporting 14% rise in Q2 consolidated net profit
Shriram Finance zooms on reporting 14% rise in Q2 consolidated net profit
Source: Accord Fintech
2023-10-27 10:44:45 am
Stock Picks : Hindalco Industries Ltd And Shriram Finance Ltd By ICICI Direct Hindalco Industries LtdBuy Hindalco Industries Ltd @483-484; Target 489.00; Stop Loss 481.30Shriram Finance LtdBuy Shriram Finance Ltd @1885-1887; Target 1909.00; Stop Loss 1875.70Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Hindalco Industries Ltd And Shriram Finance Ltd By ICICI Direct
Stock Picks : Hindalco Industries Ltd And Shriram Finance Ltd By ICICI Direct
Source: ICICI Direct
2023-10-18 10:54:35 am