Categories Earnings, Finance

Shriram Finance Ltd Q4FY23 results out, Profit soars by 18%

Shriram Transport Finance Company Ltd is a part of the SHRIRAM Group conglomerate which has a significant presence in the financing business. STFC is engaged in the business of commercial vehicle financing mainly focusing on trucks from preowned to new ones. It’s a Deposit-taking NBFC comprising 1,758 branches, 831 rural centers, and partnerships with ~500 private financiers. 

  • Shriram Finance reported Total revenue for Q4 FY23 of ₹7,966 Crore, up from ₹5,082 Crore year on year depicting a growth of 57%.
  • Total Expenses for Q4 FY23 of ₹6,129 Crore up, from ₹3,737 Crore year on year, a growth of 64%. 
  • Consolidated Net Profit of ₹1,285 Crore, up 18% from ₹1,086 Crore in the same quarter of the previous year. 
  • The Earnings per Share is ₹33.82, down 16% from ₹40.34 in the same quarter of the previous year.

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