Latest news with #ShriramFinanceLimited
Business Upturn
25-07-2025
- Business
- Business Upturn
Shriram Finance Q1 Results: Revenue up 20% YoY to Rs 11,536 crore, Net profit rises 8.9%
Shriram Finance Limited reported a strong performance for the quarter ended June 30, 2025, with both revenue and profitability showing steady growth. The company posted a total income of Rs 11,542.44 crore in Q1 FY26, registering a 17.2% year-on-year increase compared to Rs 9,849.71 crore in Q1 FY25. Revenue from operations stood at Rs 11,536.32 crore in Q1 FY26, up from Rs 9,604.98 crore in the same quarter last year, driven by a strong rise in interest income and fees. Interest income alone accounted for Rs 11,173.55 crore. Net profit for the quarter rose to Rs 2,159.49 crore, up 8.9% from Rs 1,981.76 crore in Q1 FY25. Profit before tax stood at Rs 2,906.23 crore, compared to Rs 2,666.59 crore in the year-ago period. Total expenses for the quarter came in at Rs 8,636.21 crore, up from Rs 6,943.32 crore YoY, primarily due to higher finance costs and employee benefit expenses. The company also reported stable asset quality and improved operational leverage, indicating continued resilience in its lending and financial services business. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Insider
05-07-2025
- Business
- Business Insider
Goldman Sachs Sticks to Their Buy Rating for Shriram Finance Limited (SHRIRAMFIN)
In a report released yesterday, Rahul Jain from Goldman Sachs maintained a Buy rating on Shriram Finance Limited, with a price target of INR825.00. The company's shares closed yesterday at INR676.15. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Jain covers the Financial sector, focusing on stocks such as Axis Bank Limited, Bajaj Finance Limited, and IDFC First Bank Ltd.. According to TipRanks, Jain has an average return of 9.8% and a 78.57% success rate on recommended stocks. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Shriram Finance Limited with a INR762.80 average price target, which is a 12.82% upside from current levels. In a report released yesterday, Jefferies also maintained a Buy rating on the stock with a INR800.00 price target.
Business Insider
05-07-2025
- Business
- Business Insider
Macquarie Sticks to Its Buy Rating for Shriram Finance Limited (SHRIRAMFIN)
Macquarie analyst Suresh Ganapathy maintained a Buy rating on Shriram Finance Limited on July 3 and set a price target of INR850.00. The company's shares closed yesterday at INR676.15. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Ganapathy is a 2-star analyst with an average return of 2.5% and a 50.00% success rate. Ganapathy covers the Financial sector, focusing on stocks such as Shriram Finance Limited, Bajaj Finance Limited, and City Union Bank Limited. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Shriram Finance Limited with a INR762.80 average price target, which is a 12.82% upside from current levels. In a report released yesterday, Jefferies also maintained a Buy rating on the stock with a INR800.00 price target.
The Hindu
08-05-2025
- Automotive
- The Hindu
GreenLine rolls out fresh LNG truck fleet
GreenLine Mobility Solutions Ltd., an Essar venture and India's only green logistics operator of LNG and electric-powered heavy commercial trucks, said it had flagged off a new fleet of LNG-powered trucks at Chakan, Pune. The deployment is supported by Shriram Finance Limited, one of India's largest NBFCs and the flagship company of the Shriram Group. 'This fleet expansion, supported by Shriram Finance, is a key step towards transforming India's logistics with sustainable, high-performance solutions. The trucks, manufactured by Blue Energy Motors (BEM), play a critical role in decarbonising the logistics sector and align with our vision for a greener future,' said Anand Mimani, CEO, GreenLine Mobility.
United News of India
07-05-2025
- Automotive
- United News of India
GreenLine partners with Shriram Finance to scale up green logistics
Kolkata, May 7 (UNI) GreenLine Mobility Solutions Ltd, an Essar venture and India's only green logistics operator of LNG and electric-powered heavy commercial trucks, on Wednesday flagged off a new fleet of LNG-powered trucks at Chakan, Pune. The deployment is supported by Shriram Finance Limited, one of India's largest NBFCs and the flagship company of the Shriram Group. GreenLine continues to lead India's low-carbon logistics transformation. Its current fleet of over 650 LNG trucks serves marquee companies across sectors such as FMCG and e-commerce, metals and mining, cement, oil and gas, and chemicals. The fleet has already covered more than 40 million kilometres, reducing CO₂ emissions by over 10,000 tonnes. The company plans to deploy over 10,000 LNG and EV trucks, supported by a nationwide network of 100 LNG refuelling stations, EV charging stations, and battery swapping facilities. This comprehensive initiative aims to reduce carbon emissions by up to 1 million tonnes annually. This partnership marks a significant step in GreenLine's ongoing mission to decarbonise India's transportation sector, which contributes nearly 15% of the country's total carbon emissions. With over 4 million trucks currently in operation—and the number continuing to grow—India's road logistics sector remains one of its most carbon-intensive industries. Aligned with the government's ambitious goal to reduce greenhouse gas emissions, GreenLine is committed to transitioning the heavy-duty vehicle (HDV) fleet to LNG and EV trucks to promote cleaner, more sustainable transport. With Shriram Finance's backing, the deployment of these vehicles is faster and more efficient, making green logistics more financially accessible for businesses across the country. Anand Mimani, CEO, GreenLine Mobility Solutions Ltd., said: "This fleet expansion, supported by Shriram Finance, is a key step towards transforming India's logistics with sustainable, high-performance solutions. The trucks, manufactured by Blue Energy Motors (BEM), play a critical role in decarbonising the logistics sector and align with our vision for a greener future. With growing investments in LNG and other alternative fuels, we are seeing tangible progress towards reducing India's carbon footprint.' Sharvari Prabhu, CFO, GreenLine Mobility Solutions Ltd., added: "As we scale our LNG fleet, the role of strategic financial support becomes increasingly critical. Shriram Finance's involvement helps us offer viable green alternatives to conventional trucking while supporting India's broader decarbonisation goals." G. M. Jilani, Joint Managing Director, Shriram Finance Limited, commented: 'We congratulate Greenline Mobility Solutions on the expansion of their green fleet with the addition of LNG-powered trucks which reinforces their unwavering commitment to sustainable logistics. At Shriram Finance, we're proud to support this forward-looking initiative, which aligns with our commitment to responsible financing and environmental stewardship. This partnership marks a significant milestone as our first investment in cleaner fuel technology, showcases our commitment to expand our green financing beyond electric mobility, and underscores our resolve to drive meaningful change across the transportation ecosystem. We remain dedicated to driving positive change, accelerate sustainable initiatives and supporting environmentally responsible growth across the transportation sector.' GreenLine's LNG-powered trucks are manufactured by Blue Energy Motors (BEM). BEM is a leading manufacturer of LNG-powered trucks, delivering innovative solutions for the logistics industry. Their cutting-edge technology is designed to enhance operational efficiency and sustainability in India's transport sector. UNI SJC
