Shriram Finance posted solid Q1 FY27 results!

Consolidated Net Profit after Tax surged 59.9% YoY to Rs. 3,452.77 Cr.

Total Assets Under Management (AUM) grew 15.26% YoY to Rs. 313,798.39 Cr, driven by strong performances in Commercial Vehicles (+19.41% YoY) and Gold Loans (+45.78% YoY). Net Interest Income also rose 33.67% YoY to Rs. 8,055.70 Cr.

The company's Board approved plans to issue debt securities for future resource mobilization.

A significant development was the Rs. 39,617.98 Cr preferential issue to MUFG Bank, which boosted capital and funded onward lending and debt reduction.

Notably, the Net NPA ratio improved to 2.33%, and provision coverage increased to 50.99%. Capital Adequacy significantly strengthened to 34.17%. Subsidiary SOIL also secured in-principle approval to commence Primary Dealer business, marking a new growth avenue.