Shriram Finance (SHRIRAMFIN) Q4 24/25 earnings summary

Executive summary

• Disbursements grew 14.04% YoY to INR 44,848 crore in Q4 FY25; AUM reached INR 2,63,190 crore, up 17.05% YoY.

• Net interest income for FY25 rose 15.99% YoY to Rs. 22,835.09 crore; Q4 FY25 NII up 13.4% YoY to Rs. 6,051 crore.

• PAT (excluding exceptional items) for FY25 grew 15.04% YoY to Rs. 8,271.61 crore; including exceptional items, PAT surged 35.8% to Rs. 9,761 crore.

• Gross Stage 3 assets declined to 4.55% in Q4 FY25, aided by technical write-offs.

• Final dividend of INR 3 per share recommended, total FY25 dividend at INR 9.9 per share post-split.

Financial highlights

• Net interest margin for FY25 at 8.55%, down from 8.84% in FY24; Q4 FY25 NIM at 8.25%.

• Cost-to-income ratio at 27.65% in Q4 FY25; FY25 at 27.91%.

• Credit cost for Q4 FY25 at 2.07%, full year at 1.91%.

• Book value per share increased 15.8% YoY to Rs 299.30.

• EPS (excluding exceptional items) for FY25 at Rs. 44.00, up 14.8% YoY.

Outlook and guidance

• Medium-term AUM growth guidance maintained at 15%.

• Credit cost expected to be maintained around 2%, with potential to go below.

• NIM guidance for H1 FY26 at 8.5%-8.6%.

• Board approved resource mobilisation plan for FY26, including NCDs and other debt instruments.

• Forward-looking statements highlight potential risks from strategy execution and government policy changes.