Shriram Finance Approves Robust Resource Mobilisation Plan, Declares ₹3 Dividend Amid Strong Q4 Performance

Shriram Finance Ltd’s Board has approved an ambitious resource mobilisation plan for FY2025-26, aiming to fuel the company’s growth and lending activities through a diverse mix of funding avenues. The plan includes the issuance of redeemable non-convertible debentures (NCDs) and subordinated debentures via private placement or public issue, bonds and notes in offshore markets, external commercial borrowings, and other borrowing methods. This strategic move is designed to strengthen the company’s balance sheet and support its expanding business operations in the coming year.

 

In addition, the Board has declared a dividend of ₹3 per share, rewarding shareholders for their continued trust and support. This comes on the back of a solid financial performance for the March quarter, with Shriram Finance reporting interest income of ₹107.9 billion and a net profit of ₹21.39 billion. While the profit was slightly below the IBES estimate of ₹22.24 billion, the results reflect stable growth and robust operational momentum.

 

The company’s proactive approach to resource mobilisation and its commitment to shareholder returns underscore its confidence in navigating the evolving financial landscape and sustaining its leadership in the NBFC sector.

 

Source: Business Standard