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Shriram Finance Limited: Awaiting the makeover magic to work

Khushboo Rai   •

Encouraging outlook as the company transforms from a uni-segment entity to a more diversified play after the merger. Second quarter saw a decent growth in disbursement, coupled with improving margins, asset quality and credit cost

Shriram Transport Finance Company: Shriram Transport Finance Company Q2 profit rises 38.3% YoY to Rs 1,067 crore. Net interest income increases 22.85%. The company recorded a 38.3% year-on-year growth in standalone profit at Rs 1,066.9 crore for the quarter ended September FY23. Net interest income grew by 22.85% YoY to Rs 2,693.96 crore during the quarter. Total assets under management as on September 2022 stood at Rs 1.35 lakh crore as compared to Rs 1.21 lakh crores as on September 2021.

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This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More