Kolkata, New Delhi, INDIA. New York, USA.
Business To Business, New Delhi, 25th July, 2026: Non-banking financial company Shriram Finance on Friday reported a 60 per cent year-on-year rise in net profit to Rs 3,453 crore for the April-June quarter, driven by strong growth in core income and improved margins.
Executive Vice Chairman Umesh Revankar said the company's net interest income (NII) increased 33.67 per cent to Rs 8,056 crore, supported by healthy business growth. The lender's net interest margin (NIM) also improved to 9.04 per cent, compared with 8.11 per cent in the corresponding quarter last year.
Revankar attributed the expansion in margins partly to Japan's MUFG acquiring a 20 per cent stake in the company for USD 4.4 billion, which strengthened Shriram Finance's capital base and lowered its cost of funds following an improvement in its credit ratings.
He said the company aims to maintain its net interest margin at around 9 per cent in the near term, supported by lower funding costs and continued focus on profitable growth.