Shriram Finance Ltd Sees Profit Surge Amid Strategy Shift

Shriram Finance Ltd, a key player in its sector, has announced impressive financial results for the second quarter of the current fiscal year. The company achieved a 7% rise in consolidated net profit, amounting to Rs 2,314 crore, compared to Rs 2,153 crore during the same period last year.

The firm's total income for the quarter climbed to Rs 11,921 crore, a notable increase from the Rs 10,097 crore reported a year prior. Additionally, the non-banking finance company's asset quality showed remarkable improvement, with a decline in gross Non-Performing Assets to 4.57% from 5.32%.

In strategic management changes, the board has approved the re-designation of Parag Sharma from Chief Financial Officer to Managing Director & Chief Executive Officer, effective December 2025. This follows the re-appointment of Jugal Kishore Mohapatra as an Independent Director for a second term.