Shriram Finance Q3 net profit slips 22% to ₹2,530 crore

Non-bank lender Shriram Finance on Friday (January 23, 2026) reported a 22% decline in its net profit for the December quarter to ₹2,530 crore on a consolidated level.

The company had reported a net profit of ₹3,249 crore in the year-ago period and ₹2,314 crore in the quarter-ago period.

On a standalone level, its Q3 net declined to ₹2,522 crore from ₹3,570 crore in the year-ago period. The company had benefited from the sale of its housing finance arm in the year-ago period.

For the reporting quarter, its core net interest income grew 16% to ₹6,765 crore, driven by a 14.63% increase in assets under management and a 0.10% expansion in the net interest margin to 8.58%.

Alson Read | Shriram Finance expects MUFG transaction likely to finalised around March-April

The other income grew by nearly 18% at ₹1,153 crore during the reporting quarter.

Its managing director Parag Sharma said the company is confident of maintaining the NIM at over 8.5% going ahead as well.

In the future, the company, which has been focused on the used commercial vehicle segment, will be targeting to lend to operators upgrading to help them buy new CVs.

Mr Sharma said this will exert pressure on the NIMs, but the company is confident of lowering its borrowing costs following rating upgrades.

At present, new CV assets account for under 5% of the overall CV AUM, he said, adding that it is targeting to raise the same to 10-15 per cent in the next two years.

The company is also looking to push the pedal on the gold loans business, and Mr. Sharma said it is looking to increase its contribution to the AUM to 5% in 18 months from the present 2%.

Even as it goes about getting the requisite regulatory clearances for the ₹39,000 crore fund infusion from Japan’s MUFG, Mr. Sharma made it clear that the company is not looking at any acquisitions.

The Shriram scrip closed 0.29% down at ₹1,003.45 apiece on the BSE on Friday (January 23, 2026) against a 0.94% correction on the benchmark.