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Shriram Finance beats estimates with 11% profit growth on MSME & CV loan surge
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Shriram Finance posted ~11% profit growth on strong MSME and vehicle-loan growth, with improving asset-quality trends.
Shriram Finance Ltd, a prominent Indian NBFC, reported Q2 profit of ₹23.07 billion (~US$262 million), up 11.4 % year-on-year and ahead of estimates of ₹22.29 billion. Loan growth was strong in MSME (+25.8 %), commercial vehicles (+14.2 %), passenger vehicles (+21.5 %) and two-wheelers (+18.8 %), while gross stage-3 assets declined marginally. Assets-under-management rose 15.7 % to ₹2.813 trillion. The performance reflects favourable credit conditions and improving asset quality across key segments. Shares rose about 4.3% to record highs after the results.