StockWatch
·

Shriram Finance Ltd

BSE: 511218

P/L Snapshot

Q2 FY27 · standalone

vs Q1 FY27·vs Q2 FY26
Revenue
13.8K
+2.9%+15.8%
Expenditure
8.9K
+0.9%+0.7%
Net Profit
3.7K
+6.7%+59.4%
OPM %
73.01%
-1.58pp-0.89pp

Shareholding

Pattern breakdown

P/L Trends

(in crores)

RevenueExpenditureNet Profit
0.003.9K7.7K11.6K15.5KQ1 FY19Q2 FY19Q3 FY19Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27Q2 FY27
Price Chart
Reports

Strong Numbers, Cautious Guidance: The 28% Drawdown Tells the Real Story

PAT growth 59% · AUM guidance cut · NIM 9.52%

Result verdictFollow-upQ2 FY2727 Oct 20266 minFinancial Services

Strong PAT growth, but AUM guidance cut; monsoon headwinds remain

PAT growth 59% · AUM cut to 15-17% · NIM 9.52%

TranscriptDeep diveQ2 FY2727 Oct 20266 minFinancial Services

Shriram Finance Q2 FY27: standalone PAT up 59% YoY to ₹3,677cr, margins expand further

nbfc · vehicle finance · margin expansion

ResultsQ2 FY2723 Oct 20263 minFinancial Services
Latest
Board Meeting23 Oct, 2:43 pm

Shriram Finance Q2 FY27: standalone PAT up 59% YoY to ₹3,677cr, margins expand further

Shriram Finance's standalone profit after tax rose 58.9% year-on-year to ₹3,677.03cr for Q2 FY27 (quarter ended September 30, 2026), from ₹2,307.18cr a year ago, and climbed 6.5% sequentially from ₹3,444.56cr in Q1 FY27. Total income grew 15.8% YoY to ₹13,798.91cr and 2.9% QoQ. Net profit margin expanded to 26.65% from 19.36% a year ago and 25.68% in Q1, continuing the margin-expansion trend of the last two quarters. None of this growth is exceptional-item driven — the exceptional items line is nil in both the current and year-ago quarters, so the 58.9% YoY PAT growth is organic. The margin bridge was cost-side: employee, depreciation and other opex together came to roughly 21.9% of net interest income plus other income this quarter, down from about 24.4% in Q1, consistent with management's prior guidance of a stable-to-improving cost-to-income ratio. One figure worth flagging for readers comparing EPS to PAT: basic EPS grew only 27.4% YoY to ₹15.63 (versus ₹12.27 a year ago) — far below the 58.9% PAT growth — because paid-up equity capital rose about 25% YoY (₹376.20cr to ₹470.61cr face value) after MUFG Bank's ₹39,618cr preferential allotment for a 20% stake, completed in April 2026; this is capital-structure dilution, not an operating issue. Against our pre-result preview (PAT ~₹3,100-3,300cr, NII ~₹8,100-8,200cr), the actual standalone PAT of ₹3,677cr and an NII proxy (interest income less finance costs) of roughly ₹8,415cr both came in above the expected range — a beat. Management's prior concall guidance of FY27 AUM growth near 18% looks on track: standalone net loans on book grew from ₹2,82,452.44cr at FY26-end to ₹3,07,833.55cr, about 9% in just the half-year. We could not verify the company's disbursement figure (preview range ₹50,000-52,000cr) or true AUM (preview range ₹3,250-3,350 billion, a different base than on-book net loans) from this extract. No press release text was available in the provided context to cross-check management's own framing of the quarter. Standalone and consolidated results have tracked within about 0.5% of each other in the comparison-quarter data embedded in our records, so the consolidated PAT is likely close to this standalone print, but that is not confirmed since the consolidated statement isn't in this document. Separately, the company was fined ₹67.9cr by the Income Tax department on September 30, 2026, which does not appear in this quarter's exceptional items line, implying it is either under appeal, provided for elsewhere, or not yet booked. The board also declared an interim dividend of ₹6.50 per share (325% of face value) for FY27, up from the ₹6/share final dividend paid for FY26, alongside board approval to raise the NCD/subordinated debt issuance ceiling to ₹35,000cr — both signal continued capital confidence following the MUFG capital infusion earlier in the year.

23 Oct 2026, 02:43 pm

Corporate Events

DividendSHRIRAMFIN
2026
29Oct

Dividend

BSE Filing ↗
DividendSHRIRAMFIN
2026
29Oct

₹6.5 / share

BSE Filing ↗
Board MeetingSHRIRAMFIN
2026
23Oct

Board Meeting

The Board of Directors meeting is scheduled to consider and …

BSE Filing ↗
Board MeetingSHRIRAMFIN
2026
9Sep

Board Meeting

The Allotment Committee - NCDs of the Company met to approve…

BSE Filing ↗
Board MeetingSHRIRAMFIN
2026
10Jul

Board Meeting

The 47th Annual General Meeting (AGM) will be held on July 1…

BSE Filing ↗
Board MeetingSHRIRAMFIN
2026
9Jul

Board Meeting

The Allotment Committee - NCDs of the Company met to approve…

BSE Filing ↗
DividendSHRIRAMFIN
2026
3Jul

₹6 / share

BSE Filing ↗
Board MeetingSHRIRAMFIN
2026
1Feb

Board Meeting

Raising of funds by way of issue of redeemable non-convertib…

BSE Filing ↗
Board MeetingSHRIRAMFIN
2026
23Jan

Board Meeting

Approval of Unaudited Standalone and Consolidated Financial …

BSE Filing ↗
Board MeetingSHRIRAMFIN
2025
19Dec

Board Meeting

Consider and approve (i) the proposal for raising of funds b…

BSE Filing ↗
DividendSHRIRAMFIN
2025
7Nov

₹4.8 / share

BSE Filing ↗
Board MeetingSHRIRAMFIN
2025
25Jul

Board Meeting

Approval of Unaudited Standalone and Consolidated Financial …

BSE Filing ↗
DividendSHRIRAMFIN
2025
11Jul

Dividend

BSE Filing ↗
Board MeetingSHRIRAMFIN
2025
25Apr

Board Meeting

Approval of Audited Financial Results, Recommendation of fin…

BSE Filing ↗
DividendSHRIRAMFIN
2025
31Jan

₹2.5 / share

BSE Filing ↗
Stock SplitSHRIRAMFIN
2025
10Jan

1:5

BSE Filing ↗
DividendSHRIRAMFIN
2024
7Nov

₹22 / share

BSE Filing ↗
Stock SplitSHRIRAMFIN
2024
7Nov

1:1

BSE Filing ↗
Board MeetingSHRIRAMFIN
2024
25Oct

Board Meeting

Board Meeting Intimation under Regulation 29 and Regulation …

BSE Filing ↗
Board MeetingSHRIRAMFIN
2024
26Jul

Board Meeting

Approval of Unaudited Financial Results, Approval of periodi…

BSE Filing ↗
DividendSHRIRAMFIN
2024
23Jul

₹15 / share

BSE Filing ↗
Board MeetingSHRIRAMFIN
2024
16Jul

Board Meeting

consider and take on record unaudited financial results (Sta…

BSE Filing ↗
Board MeetingSHRIRAMFIN
2024
26Apr

Board Meeting

Approval of Audited Financial Results (Standalone and Consol…

BSE Filing ↗
DividendSHRIRAMFIN
2024
6Feb

₹10 / share

BSE Filing ↗
Board MeetingSHRIRAMFIN
2024
25Jan

Board Meeting

consideration and approval of recommendation of Second Inter…

BSE Filing ↗
DividendSHRIRAMFIN
2023
6Nov

₹20 / share

BSE Filing ↗
Board MeetingSHRIRAMFIN
2023
26Oct

Board Meeting

Consideration and taking on record of unaudited financial re…

BSE Filing ↗