Shriram Finance Ltd is down for a fifth straight session today. The stock is quoting at Rs 2876.2, down 1.88% on the day as on 12:59 IST on the NSE. The benchmark NIFTY is down around 0.94% on the day, quoting at 23659.1. The Sensex is at 78018.99, down 0.83%.Shriram Finance Ltd has lost around 15.29% in last one month.Meanwhile, Nifty Financial Services index of which Shriram Finance Ltd is a constituent, has eased around 2.01% in last one month and is currently quoting at 23563.65, down 0.79% on the day. The volume in the stock stood at 7.8 lakh shares today, compared to the daily average of 15.44 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 2878.3, down 2.11% on the day. Shriram Finance Ltd jumped 41.28% in last one year as compared to a 20.25% rally in NIFTY and a 18.53% spurt in the Nifty Financial Services index.The PE of the stock is 14.1 based on TTM earnings ending September 24.Powered by Capital Market - Live

Shriram Finance has allotted 24,197 equity shares under ESOS on 11 November 2024. Pursuant to allotment of the Equity Shares, the paid-up share capital of the Company stands increased from Rs.376,00,90,380/- to Rs.376,03,32,350/-Powered by Capital Market - Live

Profit before tax stood at Rs 2,751.53 crore in the September quarter of FY25, up 16.97% as against Rs 2,352.28 crore reported in Q2 FY24. Net interest income grew 16.36% to Rs 5,606.7 crore in Q2 FY25 as against Rs 4,818.2 crore recorded in the same period a year ago. Net interest margin reduced to 8.74% in Q2 FY25 as compared to 8.93% registered in Q2 FY24. As on 30 September 2024, total assets under management climbed 19.94% to Rs 2,43,042.55 crore as compared to Rs 2,02,640.96 crore as on 30 September 2023. Liquidity coverage ratio was at 234.61% as on 30 September 2024 as against 291.19% as of 30 September 2023. Cost to income ratio improved to 27.95% in Q2 FY25 from 27.34% reported in Q2 FY24. The firm's return on assets (ROA) and return on equity (ROE) stood at 3.06% and 16%, respectively in the quarter ended 30 September 2024. On half year basis, the company's net profit gained 18.25% to Rs 4,051.85 crore on 18.83% rise in total income to Rs 19,693.75 crore in H1 FY25 over H1 FY24 Meanwhile, the company's board declared an interim dividend of Rs 22 per share for financial year 2024-25 and has set the record date on 7 November 2024. The interim dividend payout will be made to eligible shareholders by 24 November 2024. Further, the board of directors approved split/ sub-division of one equity share with a face value of Rs 10 into 5 shares of face value of Rs 2, subject to approval of the members of the company. The record date for the same will be intimated in due course. Shriram Finance is India's largest retail asset financing non-banking finance company (NBFC). It is the flagship company of the Shriram group which has significant presence in Consumer Finance, Life Insurance, General Insurance, Housing Finance, Stock Broking and Distribution businesses. Powered by Capital Market - Live

Net profit of Shriram Finance rose 19.84% to Rs 2140.40 crore in the quarter ended September 2024 as against Rs 1786.10 crore during the previous quarter ended September 2023. Sales rose 18.41% to Rs 9992.53 crore in the quarter ended September 2024 as against Rs 8438.66 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales9992.538438.66 18 OPM %72.5972.31 - PBDT2910.392489.06 17 PBT2751.532352.28 17 NP2140.401786.10 20 Powered by Capital Market - Live

Profit before tax stood at Rs 2,751.53 crore in the September quarter of FY25, up 16.97% as against Rs 2,352.28 crore reported in Q2 FY24. Net interest income grew 16.36% to Rs 5,606.7 crore in Q2 FY25 as against Rs 4,818.2 crore recorded in the same period a year ago. Net interest margin reduced to 8.74% in Q2 FY25 as compared to 8.93% registered in Q2 FY24. As on 30 September 2024, total assets under management climbed 19.94% to Rs 2,43,042.55 crore as compared to Rs 2,02,640.96 crore as on 30 September 2023. Liquidity coverage ratio was at 234.61% as on 30 September 2024 as against 291.19% as of 30 September 2023. Cost to income ratio improved to 27.95% in Q2 FY25 from 27.34% reported in Q2 FY24. The firm's return on assets (ROA) and return on equity (ROE) stood at 3.06% and 16%, respectively in the quarter ended 30 September 2024. On half year basis, the company's net profit gained 18.25% to Rs 4,051.85 crore on 18.83% rise in total income to Rs 19,693.75 crore in H1 FY25 over H1 FY24 Meanwhile, The company's board declared an interim dividend of Rs 22 per share for financial year 2024-25 and has set the record date on 7 November 2024. The interim dividend payout will be made to eligible shareholders by 24 November 2024. Further, the board announced a stock split at the conclusion of its board meet on 25 October, Friday. The company will split one share with a face value of Rs 10 into 5 shares of face value of Rs 2. The record date for the said split will be intimated in due course. The corporate action will be subject to approval of the members of the company. Shriram Finance is India's largest retail asset financing non-banking finance company (NBFC). It is the flagship company of the Shriram group which has significant presence in Consumer Finance, Life Insurance, General Insurance, Housing Finance, Stock Broking and Distribution businesses. Shares of Shriram Finance declined 3.81% to end at Rs 3,117.95Powered by Capital Market - Live

Shriram Finance has fixed 07 November 2024 as record date for interim dividend for FY 2024-25. Powered by Capital Market - Live

Shriram Finance will hold a meeting of the Board of Directors of the Company on 25 October 2024.Powered by Capital Market - Live

The benchmark indices traded with moderate gains in mid-afternoon trade. The Nifty traded above the 24,850 mark. Metal shares advanced after declining in four consecutive trading sessions. At 14:30 IST, the barometer index, the S excluding the date of the journey. The Ministry of Railways has announced this change in the Advance Reservation Period (ARP) for train bookings by Indian travelers in order to promote genuine passengers. The decision will help the Railway Board to improve the visibility of genuine demand for rail travel in India. It was being noticed that about 21 percent of reservations done for 61 to 120 day periods were getting cancelled. Further, 5% of passengers were neither canceling their tickets nor were they undertaking the journey. This No Show trend was also one of the factors behind the decision, which will help Indian Railways in better planning of special trains during peak seasons. Buzzing Index: The Nifty Metal index rose 1.56% to 9,752.85. The index declined 1.53% in the four consecutive trading sessions. Jindal Steel & Power (up 4.17%), NMDC (up 3.19%), National Aluminium Company (up 3.09%), Hindalco Industries (up 2.5%), Tata Steel (up 2.03%), APL Apollo Tubes (up 1.77%), Hindustan Copper (up 1.77%), JSW Steel (up 1.75%), Vedanta (up 1.63%) and Ratnamani Metals & Tubes (up 1.29%) edged higher. On the other hand, Jindal Stainless (down 2.58%), Welspun Corp (down 2.14%) and Hindustan Zinc (down 0.94%) edged lower. Numbers to Track: The yield on India's 10-year benchmark federal paper advanced 1.96% to 6.917 as compared with previous close 6.896. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 84.0750, compared with its close of 84.0600 during the previous trading session. MCX Gold futures for 5 December 2024 settlement rose 0.46% to Rs 77,455. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.16% to 103.66. The United States 10-year bond yield gained 0.27% to 4.109. In the commodities market, Brent crude for November 2024 settlement added 23 cents or 0.31% to $74.68 a barrel. Stocks in spotlight: Shriram Finance added 3.31% after the NBFC announced that its board will meet on Friday, 25 October 2024, to consider a proposal for the sub-division/ split of existing equity shares of the company. Tanla Platforms declined 3.28% after the company's consolidated net profit declined 8.65% to Rs 130.21 crore on 0.78% fell in net sales to Rs 1,000.72 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live

At the same meeting, the company will also consider and approve the standalone and consolidated financial results for the second quarter and half year ended 30 September 2024. An interim dividend, if any, for the financial year 2024-25 will also be declared on the same day. The announcement was made during market hours today. Shriram Finance is India's largest retail asset financing non-banking finance company (NBFC). It is the flagship company of the Shriram group which has significant presence in Consumer Finance, Life Insurance, General Insurance, Housing Finance, Stock Broking and Distribution businesses. The NBFC's standalone net profit jumped 18.21% to Rs 1,980.59 crore on 20% increase in total income to Rs 9,609.71 crore in Q1 FY25 over Q1 FY24. Powered by Capital Market - Live

Shriram Finance has allotted 19,774 equity shares under ESOS on 09 October 2024. Pursuant to allotment of the equity shares, the paid-up share capital of the Company stands increased from Rs.3,75,98,92,640/- to Rs.3,76,00,90,380/-. Powered by Capital Market - Live