the Q4 FY23 result of Shriram Finance.
- AUM crosses INR Rs 1,856,828.6 Mn, grows by 15.89%
- Q4FY23 PAT at INR Rs 13,082.0 Mn
Kindly find below the highlights, attached is the press release for your reference.
Thursday 27th. April, 2023, Mumbai : The Board Meeting of Shriram Finance Limited (SFL) (Formerly known as Shriram Transport Finance Company Limited (STFC)) was held today to consider the audited financial results for the fourth quarter and the year ended 31st March, 2023. The figures for the current reporting period includes the effect of merger of transferor Companies Shriram City Union Finance Limited and Shriram
Capital Limited as discussed above and are therefore not comparable with figures of the respective previous year/ period.
Financials (Standalone) :
Fourth quarter ended 31st March, 2023 :
The Net Interest Income for the fourth quarter ended 31st March, 2023 stood at Rs. 4,445.89 crores as against Rs. 2,627.82 crores in the same period of the previous year. The profit after tax stands at Rs. 1,308.31 crores as against Rs.1,086.13 crores recorded in the same period of the previous year. The earning per share (basic) stands at Rs. 34.94 as against Rs. 40.15 recorded in the same period of the previous year.
Financial Year ended 31st March, 2023 :
The Net Interest Income for the year ended 31st March, 2023 stood at Rs. 16,963.07 crores as against Rs. 9,316.06 crores for the year ended 31st March, 2022. The profit after tax stands at Rs. 5979.34 crores as against Rs. 2,707.93 crores recorded in the previous year. The earning per share (basic) stands at Rs.
159.69 as against Rs. 101.74 recorded in the previous year.
Dividend:
The Board of Directors has recommended a final dividend of Rs. 20/- per equity share of nominal face value of Rs.10/- each fully paid up i.e. 200%, for the Financial Year 2022-23 subject to approval by Members in the ensuing 44th Annual General Meeting (44th AGM) of the Company. This is in addition to the Interim Dividend of Rs. 15/- per equity share of Rs. 10/- each fully paid-up (150%) for the Financial Year 2022-23 declared by the Company on December 24, 2022 . With this the total dividend for the financial year 2022-23 will be Rs. 35 /- per share (i.e. 350%). Pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and subject to the confirmation by the Stock Exchanges, the Book Closure period for the purpose of payment of the final dividend and 44th AGM will be from June 17, 2023 to June 23, 2023 (both days inclusive). The final dividend will be paid to eligible Members on or before July 22, 2023 subject to deduction of tax at source as per the applicable rate(s) to the eligible shareholders.
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