Shriram Finance Limited — Q2FY27 earnings call summary

Filed 27 October 2026 · Official transcript

Gross Stage 3 at 4.65%, net Stage 3 at 2.31%; credit cost guidance maintained at 2% with temporary 30-40 bps elevation
Growth cautious at 15-17% for FY27 due to weak monsoon and geopolitical risks
Q2 FY27 disbursements grew 25.7% y-y to INR54,079 Cr; AUM up 17% y-y to INR3.29 tn
Cost to income improved to 22.5%; capital adequacy strong at 33.2%
Incremental borrowing cost ~8%, overall cost of funds stable; liquidity coverage ratio at 303
PAT rose 59.4% y-y to INR3,677 Cr; NIM expanded to 9.52% from 8.19%
Gold loan disbursement INR5,443 Cr; LTV stable at ~72-73%; unsecured MSME at 28%
Management confident of outperforming in second half despite macro headwinds