A key player in the financial industry, the conglomerate SHRIRAM Group includes Shriram Transport Financing Company Ltd. With its commercial vehicle finance operations, STFC primarily focuses on trucks, both new and used.
Shriram is a leader in the NBFC sector and has a significant rural reach. One of the top NBFCs in the world, The Shriram Finance Ltd serves 6.98 million individual and business customers in India as of December 31, 2022. Customers of Shriram have access to a wide range of personal and business financial services, including Fixed Deposits, Business Loans, Two-Wheeler Loans, and more.
Financial Results:
Shriram Finance Ltd.’s revenue in Q3FY23 rose 28% to ₹ 8,896 crores. Consolidated Profit After Tax came at ₹ 269 crores showcasing a 196% rise YoY over the corresponding period. In this quarter’s results, the reports suggested that the firm has continued to deliver consistent performance in all key operational and financial indicators in Q3Y23.