Shriram Finance announced July to September quarter results for fiscal 2027 on Friday, October 23. The NBFC's net profit rose 59.4% to Rs 3,677 crore in the quarter from Rs 2,307 crore in the corresponding period last year.
The Net Interest Income (NII), which is the difference between the interest a bank earns from its lending activities stood at Rs 8,661 crore, beating Bloomberg estimate of Rs 8,179 crore. The net interest margin stood at 9.52% for the quarter against the estimate of 9.63%. Meanhwile, gross NPA was at 4.65% vs 4.57% YoY, while net NPA stood at 2.31% compared to 2.49% in the same quarter previous year.
In addition to quarterly results, Shriram Finance declared dividend of Rs 6.5 per share for fiscal 2027. The company ina n exchange filing said announced that "interim dividend of 325% i.e. Rs.6.50 per equity share of face value Rs.2/- each fully paid up for the Financial Year 2026-27."
The NBFC has set October 29 as the record date for the dividend payout.
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In the first quarter of the current fiscal, Shriram Finance posted higher standalone profit and net interest income, while asset quality improved from a year earlier. Standalone net profit rose 59.8% year on year to Rs 3,445 crore in the quarter ended June, compared with Rs 2,156 crore in the corresponding period last year. Profit rose 14.3% from Rs 3,014 crore in the preceding quarter. Net interest income increased 33.7% to Rs 8,056 crore from Rs 6,026 crore a year earlier and rose 16.8% sequentially from Rs 6,899 crore. Net interest margin expanded to 9.04% from 8.11% a year earlier and 8.61% in the March quarter.
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