Shriram Finance posts Q3 FY23 Results; PAT increases to Rs 17,769.7 mn

-AUM crosses INR Rs 1,774,981.7 mn Mn, grows by 13.17 %
 -Q3FY23 PAT at INR Rs 17,769.7 mn

Mumbai: The Board Meeting of Shriram Finance Limited (SFL) (Formerly known as Shriram Transport Finance Company Limited (STFC)) was held today to consider the unaudited financial results for the third quarter ended 31st December, 2022. The figures for the previous periods after the appointed date for merger (i.e. April 01, 2022) have been restated to take the effect of transferor Companies SCUF (Shriram City Union Finance) and SCL (Shriram Capital Limited) for the said periods and are therefore not comparable with figures of the respective previous year periods or previously reported figures for the said quarters.                                                                                  

 

Financials (Standalone) :

Third quarter ended 31st December, 2022 :

The Net Interest Income for the third quarter ended 31st December, 2022 stood at Rs. 4,427.88 crores as against Rs. 2,387.97 crores in the same period of the previous year. The profit after tax stands at Rs. 1,776.97 crores as against Rs. 680.62 crores recorded in the same period of the previous year. The earning per share (basic) stands at  Rs. 47.46 as against Rs. 25.26 recorded in the same period of the previous year.

 

Nine months ended 31st December, 2022 :

The Net Interest Income for the nine-month period ended 31st December, 2022 stood at Rs. 12,517.18 crores as against Rs. 6,688.24 crores in the same period of the previous year. The profit after tax  stands at Rs. 4,671.03 crores as against Rs. 1,621.80 crores recorded in the same period of the previous year. The earning per share (basic) stands at  Rs. 124.75 as against Rs. 61.26 recorded in the same period of the previous year.

 

Assets under Management :

Total Assets under Management as on 31st December, 2022 stood at Rs. 177,498.17 crores as compared to Rs. 124,601.77 crores as on 31st December, 2021 and Rs. 169,358.21 crores as on 30th September, 2022.

Financials (Consolidated) :

Third quarter ended 31st December, 2022 :

Consolidated Net Interest Income for the third quarter ended 31st December, 2022 stood at Rs. 4,511.42 crores versus Rs. 2,387.97  crores in the same period last year. Consolidated Net Profit stands at Rs. 1,801.66 crores as against Rs. 686.02  crores recorded in the same period of the previous year. Consolidated EPS (basic) was Rs. 48.27 as compared to Rs. 25.46  recorded in the same period last year.

 

Nine months ended 31st December, 2022 :

Consolidated Net Interest Income for the nine-month period ended 31st December, 2022 stood at Rs. 12,738.87 crores as against Rs. 6,688.24 crores in the same period of the previous year. Consolidated profit after tax was stands at Rs. 4,731.85 crores as against Rs. 1,629.87  crores recorded in the same period last year. Consolidated EPS (basic) for the nine-month period ended December 2022 was Rs. 126.53 versus Rs. 61.57  recorded in the same period of the previous year.

 

Assets under Management :

Total Assets under Management as on 31st December, 2022 stood at Rs. 184,676.32 crores as compared to Rs.124,601.77 crores as on 31st December, 2021 and Rs. 175,904.13 crores as on 30th September, 2022.

About Shriram Finance Limited.

Shriram Finance Limited 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. Shriram Finance Limited is India’s  largest retail asset financing Non-Banking Finance Company (NBFC) with Assets under Management (AUM) of Rs. 17.75 trillion. Recently Shriram City Union Finance Limited and Shriram Capital Limited merged with Shriram Transport Finance Company Limited and was subsequently renamed as Shriram Finance Limited.

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