Latest news with #ShriramFinanceLtd
Time of India
27-05-2025
- Business
- Time of India
TrucksUp partners with Shriram Finance
Gurgaon-based full truckload aggregator TrucksUp has announced a joint venture with Shriram Finance Ltd to offer financial products to transporters, fleet owners, and logistics companies. Sarthak Elwadhi, co-founder of TrucksUp, said the partnership aims to improve financial access in the logistics sector. 'By offering financing options tailored to transporters and fleet owners, we aim to support growth and sustainability for logistics businesses across India,' he said. Nilesh S Odedara, joint managing director of Shriram Finance, said the company sees logistics as a key contributor to India's economic activity. 'We are pleased to collaborate with TrucksUp and look forward to supporting logistics operators with the financial tools they need. The services will be extended to Tier 2 and Tier 3 cities as well,' he said. Wahid Raza, business head – VAS at TrucksUp, said the alliance will help transporters and fleet operators access funding more easily. 'This collaboration helps provide capital access across the logistics ecosystem,' he said.
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Business Standard
13-05-2025
- Business
- Business Standard
Fitch upgrades Shriram Finance's rating on improved business profile
Fitch Ratings on Tuesday upgraded Shriram Finance Ltd's rating reflecting sustained improvement in standalone profile in recent years, particularly in funding diversity, risk management, portfolio quality and profitability. Fitch Ratings has upgraded India-based Shriram Finance Ltd's (SFL) Long-Term Foreign-and Local-Currency Issuer Default Ratings (IDRs) to 'BB+', from 'BB', with a 'stable' outlook. It said SFL has demonstrated steady performance since merging with its sister company, Shriram City Union Finance Ltd (SCUF), in 2022. The ratings also reflect SFL's time-tested and established franchise in used commercial-vehicle financing, seasoned management team, established risk controls and adequate balance-sheet buffers. India's robust medium-term growth potential and large, diversified economy should continue to support non-bank financial institutions' (NBFIs) business prospects and profitability in the medium-term. "The upgrade reflects sustained improvement in SFL's standalone profile in recent years, particularly in funding diversity, risk management, portfolio quality and profitability," Fitch said. Fitch believes that SFL's loan management practices and risk controls have tightened in recent years, improving the company's ability to maintain asset quality and navigate macroeconomic shocks. Enhanced risk management and recovery practices have resulted in reduced delinquency rates and are likely to continue containing credit losses. The management's diversified funding strategy also mitigates liquidity risks, it added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard
28-04-2025
- Business
- Business Standard
Volumes jump at Hyundai Motor India Ltd counter
Hyundai Motor India Ltd saw volume of 5.17 lakh shares by 10:46 IST on BSE, a 9.44 fold spurt over two-week average daily volume of 54769 shares Shriram Finance Ltd, Tejas Networks Ltd, Garden Reach Shipbuilders & Engineers Ltd, Dr Lal Pathlabs Ltd are among the other stocks to see a surge in volumes on BSE today, 28 April 2025. Hyundai Motor India Ltd saw volume of 5.17 lakh shares by 10:46 IST on BSE, a 9.44 fold spurt over two-week average daily volume of 54769 shares. The stock dropped 0.99% to Rs.1,650.10. Volumes stood at 2.55 lakh shares in the last session. Shriram Finance Ltd clocked volume of 8.3 lakh shares by 10:46 IST on BSE, a 5.21 times surge over two-week average daily volume of 1.59 lakh shares. The stock lost 6.57% to Rs.612.55. Volumes stood at 3.36 lakh shares in the last session. Tejas Networks Ltd saw volume of 5.88 lakh shares by 10:46 IST on BSE, a 4.96 fold spurt over two-week average daily volume of 1.18 lakh shares. The stock dropped 10.99% to Rs.765.35. Volumes stood at 1.11 lakh shares in the last session. Garden Reach Shipbuilders & Engineers Ltd notched up volume of 4.02 lakh shares by 10:46 IST on BSE, a 3.77 fold spurt over two-week average daily volume of 1.07 lakh shares. The stock rose 7.28% to Rs.1,734.50. Volumes stood at 1.73 lakh shares in the last session. Dr Lal Pathlabs Ltd recorded volume of 14339 shares by 10:46 IST on BSE, a 3.6 times surge over two-week average daily volume of 3979 shares. The stock lost 1.74% to Rs.2,855.90. Volumes stood at 16729 shares in the last session.
Business Standard
28-04-2025
- Business
- Business Standard
Tejas Networks Ltd leads losers in 'A' group
Avantel Ltd, Lloyds Engineering Works Ltd, Shriram Finance Ltd and Ramkrishna Forgings Ltd are among the other losers in the BSE's 'A' group today, 28 April 2025. Avantel Ltd, Lloyds Engineering Works Ltd, Shriram Finance Ltd and Ramkrishna Forgings Ltd are among the other losers in the BSE's 'A' group today, 28 April 2025. Tejas Networks Ltd lost 12.43% to Rs 753 at 14:46 stock was the biggest loser in the BSE's 'A' the BSE, 9.34 lakh shares were traded on the counter so far as against the average daily volumes of 2.36 lakh shares in the past one month. Avantel Ltd crashed 9.43% to Rs 117.15. The stock was the second biggest loser in 'A' the BSE, 7.21 lakh shares were traded on the counter so far as against the average daily volumes of 1.92 lakh shares in the past one month. Lloyds Engineering Works Ltd tumbled 5.82% to Rs 59.6. The stock was the third biggest loser in 'A' the BSE, 17.77 lakh shares were traded on the counter so far as against the average daily volumes of 7.11 lakh shares in the past one month. Shriram Finance Ltd dropped 5.77% to Rs 617.85. The stock was the fourth biggest loser in 'A' the BSE, 12.12 lakh shares were traded on the counter so far as against the average daily volumes of 2.95 lakh shares in the past one month. Ramkrishna Forgings Ltd shed 5.52% to Rs 620. The stock was the fifth biggest loser in 'A' the BSE, 3.21 lakh shares were traded on the counter so far as against the average daily volumes of 64342 shares in the past one month.
Business Upturn
28-04-2025
- Business
- Business Upturn
Shriram Finance shares tumble nearly 8% today; stock down 16% since Q4 results miss estimates
Shares of Shriram Finance Ltd plunged sharply by 7.14% today to ₹608.45, extending their post-earnings decline to nearly 16% since the company announced its Q4 FY25 results on April 25. The Non-Banking Financial Company (NBFC) major reported a consolidated net profit of ₹2,139.4 crore for the quarter ended March 31, 2025, slightly below CNBC-TV18's estimate of ₹2,142.9 crore. Despite the minor miss, the bottom-line growth was a healthy 9.9% year-on-year. Advertisement However, what particularly weighed on sentiment was the miss in Net Interest Income (NII), which grew 9.4% YoY to ₹5,565.5 crore, falling short of the Street's expectation of ₹5,878.1 crore. Key highlights: Asset Quality: The gross non-performing asset (NPA) ratio improved sequentially to 4.55% from 5.38% in Q3, while net NPA dipped slightly to 2.64% from 2.68% . Provision Coverage: The provision coverage ratio fell to 43.28% from 51.64% in the previous quarter, indicating a lower buffer against potential credit losses. Dividend: Shriram Finance recommended a final dividend of ₹3 per share for FY25, subject to shareholder approval at the upcoming 46th Annual General Meeting (AGM). Stock performance: Following the results, Shriram Finance shares fell more than 8.8% intraday immediately after the announcement, and continued to decline in the following sessions. Today, the stock hit a low of ₹608.45, significantly down from its pre-results closing of ₹725. At current levels, the company's market capitalization stands at approximately ₹1.17 trillion, with a P/E ratio of 12.53 and a dividend yield of 1.45%. Outlook: Despite a steady improvement in asset quality, concerns around missed NII expectations and lower provision coverage seem to be dampening investor sentiment. Analysts suggest that while the long-term fundamentals remain intact, the stock may face near-term volatility until growth visibility and margin stability improve.
