Shares of Shriram Finance have tumbled nearly 15 per cent in the last two sessions after the company reported a muted set of performance in the March 2025 quarter, missing the street’s estimates. Brokerage firms have cut their estimates and target prices, with some analysts downgrading the stock. However, majority of them remain positive on
Shares of Nifty 50 constituent Shriram Finance Ltd. fell as much as 9% on Monday, April 28, in reaction to its March quarter results, which had a write-off in its gross Non-Performing Assets. Shriram Finance wrote-off Gross NPA worth ₹2,345.11 crore during the March quarter. Brokerages have maintained their bullish stance on the stock, but
NBFC major Shriram Finance reported its Q4 results on April 25, posting a consolidated net profit of ₹2,139.4 crore, slightly below CNBC-TV18’s estimate of ₹2,142.9 crore. However, this marked a 9.9% growth year-on-year. Net interest income (NII) also missed the Street’s projection of ₹5,878.1 crore, but rose 9.4% YoY to ₹5,565.5 crore. Asset quality saw