Shriram Finance has allotted 33,500 senior, secured, rated, listed, redeemable, taxable non-convertible debentures (NCD) of face value of Rs 1 lakh each aggregating to Rs 335 crore on private placement basis on 02 May 2024. Powered by Capital Market - Live News

Shriram Finance announced that the 45th Annual General Meeting (AGM) of the company will be held on 30 July 2024.Powered by Capital Market - Live News

Net profit of Shriram Finance rose 56.30% to Rs 2008.80 crore in the quarter ended March 2024 as against Rs 1285.19 crore during the previous quarter ended March 2023. Sales rose 24.33% to Rs 9904.30 crore in the quarter ended March 2024 as against Rs 7966.45 crore during the previous quarter ended March 2023.For the full year,net profit rose 22.55% to Rs 7366.38 crore in the year ended March 2024 as against Rs 6011.04 crore during the previous year ended March 2023. Sales rose 19.37% to Rs 36379.52 crore in the year ended March 2024 as against Rs 30476.78 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales9904.307966.45 24 36379.5230476.78 19 OPM %71.5470.62 -71.5771.25 - PBDT2901.962277.83 27 10547.778814.41 20 PBT2742.851850.74 48 9960.178213.72 21 NP2008.801285.19 56 7366.386011.04 23 Powered by Capital Market - Live News

Shriram Finance announced that the Board of Directors of the Company at its meeting held on 26 April 2024, has recommended a Final dividend of Rs.15 per share (i.e.150%), subject to the approval of the shareholders.Powered by Capital Market - Live News

The Board of Shriram Finance at its meeting held on 26 April 2024 has approved the resource mobilisation plan for the Financial Year 2024-25 for issuance of debt securities viz. redeemable non-convertible debentures (NCDs)/ subordinated debentures on private placement basis and/or public issue in tranches, bonds/notes in offshore markets, External Commercial Borrowings and other methods of borrowing for the purpose of business of the Company. Powered by Capital Market - Live News