Shriram Finance reported a 60% year-on-year increase in its standalone net profit for Q1FY27, reaching ₹3,447 crore compared to ₹2,156 crore in the same period last year. The company's net interest income rose 33.6% to ₹7,712 crore, while its assets under management grew 15.26% to ₹3,13,798.39 crore, according to an exchange filing on July 24.
The financial results were disclosed in an exchange filing by Shriram Finance on Friday. The company’s gross non-performing assets (NPA) marginally increased to 4.64%, reflecting a slight rise in credit risk. Despite this, the firm’s strong growth in net interest income and assets under management contributed to the sharp increase in net profit. The company’s performance highlights its ability to expand its lending book while managing asset quality.
Shriram Finance’s Q1FY27 results come amid a competitive lending market in India, where asset quality and credit growth remain key focus areas for non-banking financial companies. The 60% jump in net profit compares favorably with peers in the sector, underscoring Shriram Finance’s operational efficiency and market positioning. The increase in assets under management also signals growing customer demand and confidence in the company’s lending products.
The company’s next quarterly results will be closely watched by investors and analysts to assess whether the current momentum in profit growth and asset expansion is sustainable. Shriram Finance’s performance in Q1FY27 sets a benchmark for the sector, with net profit and asset growth figures officially reported on July 24.