Shriram Finance Ltd

- Shriram Finance is planning to moderate further borrowing in the near term, focusing on slowing down additional debt raising in Q2 and Q3 of FY26. - The company aims to reduce excess liquidity from five months to three months of liability repayment over the next 3-4 months. - They will prioritize repaying higher-cost debt as opportunities arise and look at sourcing funds only where the cost of funds is lower. - No specific plans for fresh equity fundraising were mentioned in the call. - The incremental deposit rates and NCD rates are coming down, indicating a focus on lowering borrowing costs rather than increasing leverage. - The overall borrowing cost has been coming down gradually and is expected to improve net interest margins by the end of FY26.

The transcript from page 16 and surrounding pages does not specifically mention any current or future capex, capital investment, or strategic investment plans by Shriram Finance Limited. Key points related to financial strategy noted include: - Focus on deposit growth with a 10% quarter-on-quarter increase. - Reduction in deposit interest rates to about 7.6% from 8%-8.5%, indicating tightening of cost of funds. - Strategy to reduce excess liquidity from five months to three months over the next 3-4 months to reduce negative carry. - No explicit mention of capital expenditure or strategic investments in the transcript. Thus, based on the provided content, no specific details on capex or strategic investments are disclosed.

- Shriram Finance expects continued growth in market share, especially from smaller NBFCs unable to raise liabilities. - CV financing growth maintained at 3%-4% QoQ and 12%-13% YoY, driven by both volume and value as older loans mature and new loans are disbursed. - Expansion continues with new branch additions (165 added last year; 5 in Q1 FY26), increasing reach and enabling deeper penetration. - Passenger vehicle segment growth is strong (~23% in Q1), supported by aspirational customers moving from two-wheelers to cars and unmet demand in semi-urban/rural areas due to weak public transport. - Growth in used CV demand remains healthy with stable resale values aiding cash flows and credit quality. - MSME segment growth is expected to pick up after slower Q1, aligning with festival season demand spikes in subsequent quarters. - Liquidity management aims to optimize borrowing and reduce high liquidity levels in coming quarters.

- Shriram Finance aims to reach a net interest margin (NIM) of 8.5% by Q4 FY26, improving from 8.11% in Q1 FY26. - Credit cost guidance remains steady around 2% of total assets for the full year, supporting stable profitability. - Profit after tax (PAT) grew 8.84% YoY to Rs. 2,155.73 crores in Q1 FY26, indicating expected continued earnings growth. - Disbursement growth of 13.01% YoY and AUM growth of 16.62% YoY suggest robust operating earnings expansion. - Management is confident of reducing borrowing costs further in next 3-4 months, supporting margin expansion and improved profits. - Employee costs and fee & commission costs have increased, signaling ongoing investments in growth activities. - Overall growth is supported by strong demand in used commercial and passenger vehicles, with rural MSME segment expansion expected to continue. - Earnings per share rose to Rs. 11.46 in Q1 FY26, reflecting positive outlook on profitability going forward.

The transcript provided does not mention any details related to the current or expected order book or pending orders for Shriram Finance Limited. The focus of the content is primarily on financial performance, asset quality, growth in loan portfolios, liquidity, borrowing costs, and Q&A on various operational and financial issues. There is no specific information regarding order book or pending orders in this earnings call transcript.