Shriram Finance511218Quarterly results
Interim dividend of 325%, Rs.35,000 crore debenture limit renewal and Q2 results
Interim dividend 325%, i.e. Rs.6.50 per equity share; record date Oct 29, 2026.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 13,792.48 | 11,912.44 | +15.8% | 13,400.43 | +2.9% |
| Total income | 13,801.84 | 11,921.33 | +15.8% | 13,418.74 | +2.9% |
| Profit before tax | 4,932.34 | 3,112.96 | +58.4% | 4,625.72 | +6.6% |
| Profit after tax | 3,683.81 | 2,314.16 | +59.2% | 3,452.77 | +6.7% |
| Total comprehensive income | 3,971.78 | 2,498.45 | +59% | 3,346.34 | +18.7% |
| Basic EPS | 15.66 | 12.30 | +27.3% | 14.86 | +5.4% |
- Profit after tax YoY
- +59.2%
- Period
- Quarter ended 30.09.2026 (Unaudited)
Also decided at the meeting
- Declared interim dividend of 325% i.e. Rs.6.50 per equity share of face value Rs.2/- for FY 2026-27; record date October 29, 2026; payout before November 20, 2026.
- Approved periodical resource mobilisation plan for issuance of NCDs/subordinated debentures, bonds/notes from November 1, 2026 to January 31, 2027.
- Approved issuance of NCDs/subordinated debentures on private placement and Postal Ballot Notice seeking Members' approval to renew limit up to Rs.35,000 crore.
- Appointed Mr. Panakala Raju M as Chief Software Officer (Senior Management Person) effective October 23, 2026.
Auditor's review
Conclusion: Unmodified
Notes to the results
- Exceptional items (net) are nil for all periods presented.
- Discontinued operations: loss of Rs. (0.05) crores for quarter ended 30.09.2025 and (0.55) crores for FY 2025-26, incl. loss on sale of step-down subsidiary of (0.51).
- Preferential issue of 471,121,055 shares to MUFG Bank for Rs. 39,617.98 crores allotted April 08, 2026; balance Rs. 2,166.76 crores utilised in Q2, proceeds fully utilised.
- Other income for half-year includes gain of Rs. 2.08 crores (gross) on sale of an office premises held for sale.
Dividend
- The board declared an interim dividend of 325%, that is Rs.6.50 per equity share, for the financial year 2026-27.
- Record date is Thursday, October 29, 2026, and the payout to eligible members will be made before Friday, November 20, 2026.
- The dividend is subject to deduction of tax at source, if any.
Fund raising
- The board approved a periodic resource mobilisation plan to issue debt securities such as redeemable non-convertible debentures, subordinated debentures, bonds and notes, on private placement basis and/or public issue, in one or more tranches, in the onshore/offshore market, for the business of the company, from November 1, 2026 to January 31, 2027.
- It also approved issuance of debentures on private placement basis, along with a postal ballot notice seeking members' approval for renewal of the limit to issue debentures on private placement basis up to Rs.35,000 crore. The postal ballot notice will be shared with the stock exchanges.
September quarter numbers (standalone, unaudited)
- Revenue from operations was Rs.13,789.42 crore.
- Impairment on financial instruments was Rs.1,877.40 crore.
- Profit for the period was Rs.3,677.03 crore, against Rs.2,307.18 crore in the same quarter a year earlier.
- Basic earnings per share was Rs.15.63.
- The results were approved for both standalone and consolidated basis; the figures above are the standalone numbers.
Auditor review
- M/s G. D. Apte & Co. and M/s M M NISSIM & CO LLP, the joint statutory auditors, issued limited review reports on the unaudited standalone and consolidated results for the quarter and half-year ended September 30, 2026.
- Their conclusion: nothing came to their attention that causes them to believe the statement has not disclosed the information required, contains any material misstatement, or has not been prepared in accordance with the relevant RBI prudential norms for income recognition, asset classification and provisioning.
- This is a review, which is narrower in scope than an audit, and no audit opinion is expressed.
Other decisions
- Mr. Panakala Raju M has been appointed Chief Software Officer of the company (a Senior Management Person) on the recommendation of the Nomination & Remuneration Committee, with October 23, 2026 as the date of appointment. He holds a Bachelor's degree in Commerce from Nagarjuna University and has completed a program in Artificial Intelligence and Machine Learning from Caltech University, USA. The update describes his experience in technology architecture and enterprise solutions, including as Chief Strategy Officer at Novac.
- The company confirmed that there was no deviation or variation in utilisation of proceeds of the preferential issue, and no material deviation in the use of proceeds of non-convertible securities, for the quarter ended September 30, 2026.
What a reader can take away
- One board meeting covered three separate things: a cash payout to shareholders, fresh headroom to borrow through debt securities, and the quarterly numbers.
- The dividend is money returned to shareholders, while the debenture limit relates to how much the company can raise by issuing debt on private placement basis.
- The reviewed profit figure is standalone and unaudited, and the auditor conclusion carries no qualification.
Rs.35,000 croreRenewal of limit to issue debentures on private placement
Total income, quarter13,418.74 (Rs. in crores)
Total income, year-ago quarter11,921.33 (Rs. in crores)
Total comprehensive income, latest quarter3,971.78 (Rs. in crores)
Total comprehensive income, quarter3,346.34 (Rs. in crores)
Total comprehensive income, year-ago quarter2,498.45 (Rs. in crores)
₹3,677.03 Cr+59.4%
Q2₹2,307.18 CrQ2₹3,677.03 Cr
Also from Shriram Finance
Audio recording link of Q2 FY 2026-27 earnings call put up on company website
23 Oct 2026
Record date for interim dividend for FY 2026-27 fixed as October 29, 2026
23 Oct 2026
Committees to meet for NCD and bond issuance between November 2026 and January 2027
23 Oct 2026
More numbers
- Interim dividend per equity shareRs.6.50
- Interim dividend rate325%
- Renewal of limit to issue debentures on private placementRs.35,000 crore
- Revenue from operations, Q2 standalone (Rs. in crores)13,789.42
- Profit for the period, Q2 standalone (Rs. in crores)3,677.03
- Profit for the period, Q2 previous year standalone (Rs. in crores)2,307.18
- Impairment on financial instruments, Q2 standalone (Rs. in crores)1,877.40
- Basic earnings per share, Q2 standalone15.63
- Total income, latest quarter13,801.84 (Rs. in crores)
- Total income, year-ago quarter11,921.33 (Rs. in crores)
- Total income, previous quarter13,418.74 (Rs. in crores)
- Total comprehensive income, latest quarter3,971.78 (Rs. in crores)
- Total comprehensive income, year-ago quarter2,498.45 (Rs. in crores)
- Total comprehensive income, previous quarter3,346.34 (Rs. in crores)
- Profit after tax, latest quarter3,683.81 (Rs. in crores)
- Profit after tax, year-ago quarter2,314.16 (Rs. in crores)
- Profit after tax, previous quarter3,452.77 (Rs. in crores)
- Revenue from operations, latest quarter13,792.48 (Rs. in crores)
- Revenue from operations, year-ago quarter11,912.44 (Rs. in crores)
- Revenue from operations, previous quarter13,400.43 (Rs. in crores)
- Profit before tax, latest quarter4,932.34 (Rs. in crores)
- Profit before tax, year-ago quarter3,112.96 (Rs. in crores)
- Profit before tax, previous quarter4,625.72 (Rs. in crores)
Source: BSE · 23 Oct 2026
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