- Shriram Finance 4Q net income significantly surpasses estimations.
- The net income for this quarter is 19.5 billion rupees, showing a 49% increase year over year.
- The estimated net income was slightly lower at 19.23 billion rupees.
- Revenue also showed positive growth, with a total of 94.8 billion rupees. This is a 22% increase year over year.
- The estimated total revenue trailed behind at 54.36 billion rupees.
- Total costs were reported to be 68.5 billion rupees, marking a 17% increase when compared to last year’s numbers.
- The company also reported other income of 141.4 million rupees, a 10% increase year over year.
- Shriram Finance announced a dividend per share of 15 rupees.
- The FY25 Resource Mobilisation Plan has been approved.
- Despite the positive fiscal report, shares fell by 3.5%, making the current value 2,404 rupees per share.
- Trading was robust with 2.13 million shares traded.
- Overall, market sentiments towards Shriram Finance were positive with 36 buys, 1 hold, and 1 sell.
- All these comparisons are based on values reported from the company’s original disclosures.
Shriram Finance on Smartkarma
Analyst coverage on Shriram Finance on Smartkarma reveals upcoming changes in the NIFTY50 Index. Brian Freitas, in his report “NIFTY50 Index Rebalance: Shriram Finance to Replace UPL,” highlights the impending replacement of UPL Ltd by Shriram Finance in the NIFTY Index. This transition, slated for 27th March, is expected to impact trading volumes significantly. Additionally, the report emphasizes the exclusion of Trent Ltd, ensuring Bharat Petroleum Corp retains its index position.
In another insightful analysis titled “NIFTY50 Index Rebalance Preview: One Change for Sure; Second One Is a Maybe,” Brian Freitas anticipates potential shifts in the NIFTY50 components. He projects Shriram Finance to supplant UPL Ltd in the index, affecting stock movements considerably. Furthermore, the report assesses other contenders like Trent Ltd as potential replacements, highlighting the intricate dynamics of the upcoming rebalance and the positioning in certain stocks.
A look at Shriram Finance Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Shriram Finance Limited, a consumer finance services provider in India, has garnered positive Smart Scores across key factors. With strong ratings in Value, Dividend, Growth, and Momentum, the company demonstrates promise for long-term success. The high Dividend score indicates a commitment to rewarding investors, while the solid Growth and Momentum scores suggest future potential and market traction. Although facing some challenges in Resilience, Shriram Finance’s overall outlook remains optimistic, positioning it favorably in the consumer finance sector.
In summary, Shriram Finance Limited, known for its diverse range of loan services including automobile, commercial vehicle, business, and gold loans, showcases a robust performance outlook. Backed by favorable Smart Scores in critical areas, Shriram Finance is poised for sustained growth and shareholder value creation in the competitive Indian market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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