26-Oct-2026 08:01:46
SHRIRAMFINGeneral news
MOSL on Shriram Fin ; Buy, TP Rs 1155
2QFY27 PAT rose 60% YoY to Rs 36.8b (in line). NII in 2QFY27 grew 40% YoY to INR84.1b (in line) Other income grew ~15% YoY to INR4.2b (8% lower than our est.) Opex grew ~4% YoY to INR20.2b (~9% lower than MOFSLe) Cost-to- income ratio dipped ~290bp QoQ to ~22.9% (PQ: 25.9%/PY: 30.5%). SHFL expects its C/I ratio to remain at 25% and Opex/AUM at 2.5% over medium to long term Management moderated its FY27 AUM growth guidance to 15-17% from 18% earlier, factoring in weak monsoons and uncertainty arising from West Asia conflict.
SHRIRAM FINANCE LIMITED