Shriram Finance Ltd

Q2 FY26Finance

Shriram Finance Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹1,130

Market cap₹2.6L Cr

P/E23.3

Updated23 Aug 2026

Read4 min read

The short version

October demand has been very good, especially in passenger vehicles and two-wheelers, indicating positive momentum going into Q3 FY'26. The company registered a PAT growth of 11.39% year-on-year in Q2 FY'26 and 7.03% sequentially, indicating steady profit growth. - Earnings per share for Q2 FY'26 stood at Rs.

From Shriram Finance Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

October demand has been very good, especially in passenger vehicles and two-wheelers, indicating positive momentum going into Q3 FY'26.
The company expects Q3 passenger vehicle credit growth to be significantly higher due to good demand for base models.
Two-wheeler demand in October was extremely strong, with expectations for continued good growth in Q3.
Commercial vehicle volumes and utilization have remained good, with only temporary geographic disruptions.
Overall assets under management (AUM) grew 15.74% year-on-year, with a sequential increase of 3.3%.
The company anticipates another 2% additional AUM growth in the second half of FY'26, reflecting stronger demand.

2 more points management made on revenue & sales performance

Profitability & Margins

The company registered a PAT growth of 11.39% year-on-year in Q2 FY'26 and 7.03% sequentially, indicating steady profit growth.
Earnings per share for Q2 FY'26 stood at Rs. 12.27, up from Rs. 11.02 in Q2 FY'25 and Rs. 11.46 in Q1 FY'26.
For AUM, a 15.74% year-on-year growth was recorded with expectations of an additional 2% growth in the next half-year.
Demand in October and Q3 looks promising, especially in passenger vehicles and two-wheelers, suggesting potential income growth.
Net interest margin (NIM) is expected to stabilize around 8.25% to 8.3% exit for FY'26 with possibilities for improvement depending on cost of funds.

2 more points management made on profitability & margins

See what Shriram Finance Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Shriram Finance has created a subsidiary, Shriram Overseas Investment Limited, to start a primary dealership (PD) business.
Board permission taken for this new business; awaiting Reserve Bank of India (RBI) approval to commence full-fledged PD operations.
Currently, the subsidiary is engaged in government securities trading while awaiting PD license.
No other explicit mentions of current or planned capex or strategic investments detailed in the transcript.

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Fundraising & Capital Structure

Shriram Finance plans to borrow around Rs. 1,000 to 1,500 crores through NCDs every quarter as part of normal borrowing needs.
Additional borrowing needs may be met through bank borrowings or offshore funding opportunities.
The company aims to maintain public deposits at around 28-30% of liabilities and plans to raise remaining funds via domestic capital markets or foreign borrowings.

2 more points management made on fundraising & capital structure

See what Shriram Finance Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcript provided from Shriram Finance Limited's Q2 FY'26 earnings call does not specifically mention details about the current or expected order book or pending orders. The discussion primarily focuses on: - Borrowing costs and sources (NCDs, foreign borrowings, bank borrowings) - Segmental disbursements in various vehicle and loan categories - Asset quality and stage-wise slippages - Market demand trends in commercial vehicles, passenger vehicles, MSMEs, and other segments

2 more points management made on order book & pipeline

What Shriram Finance Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Shriram Finance Ltd Q2 FY26 results?

What is Shriram Finance Ltd share price analysis?

Shriram Finance Ltd currently shows a neutral. The stock trades at a P/E of 23.3 with a market cap of ₹264,005 Cr. Investors should review the full earnings analysis for detailed insights.

Is Shriram Finance Ltd planning capital expenditure?

Shriram Finance has created a subsidiary, Shriram Overseas Investment Limited, to start a primary dealership (PD) business.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.