Girish Pai

Nirmal Bang

Equity Bottom-Up

<p>4QFY21 Result Update</p>
<h2>Shriram Transport Finance</h2>
<h3>Healthy growth; NPAs stable</h3>
<p>Shriram Transport Finance Company (SHTF) reported 6.8% YoY growth in AUM at Rs1,172.4bn, slightly above its own guidance. Disbursements at Rs149.7bn were up 38% YoY (19% QoQ), driven by pick-up in the Used Vehicle segment (up 38% YoY and 17% QoQ). The company reported stable GNPA of 7.1% and NNPA of 4.2%. Stage 3 PCR was healthy at 42%. SHTF has written off assets worth Rs5.3bn in 4QFY21 and Rs15.1bn in FY21 vs last…</p>

<p>3QFY21 Result Update</p>
<h2>Shriram Transport Finance</h2>
<h3>NPA stable, growth picks up</h3>
<p>Shriram Transport Finance Company (SHTF) reported 8.6% YoY growth in disbursements, largely driven by a 10.8% YoY pick-up in the Used Vehicle segment. AUM grew by 5.5% YoY to Rs1,149bn. The company reported healthy asset quality with pro-forma GNPA at 7.1%, down 160bps YoY and 15bps QoQ. Stage 2 asset increased by 40bps QoQ to 12.1% vs ~20% historically. Collection efficiency remained strong at &gt;97% throughout the…</p>

India

Shriram Finance Limited provides consumer finance services. The Company offers automobile, commercial vehicle, business, and gold loan services. Shriram Finance serves customers in India.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00