India's Shriram Finance beats quarterly profit view on strong loan growth
24/04/2026 10:42
BENGALURU, April 24 (Reuters) - India's Shriram Finance SHMF.NS posted a bigger-than-expected fourth-quarter profit on Friday, bolstered by growth in lending for commercial and passenger vehicle purchases. The non-bank lender's profit rose 41% to 30.14 billion rupees ($319.7 million) in the quarter ended March 31, compared with 21.39 billion rupees a year earlier, beating an average analyst estimate of 27.82 billion rupees, as per data compiled by LSEG. (Reporting by Pranav Kashyap in Bengluru; Editing by Nivedita Bhattacharjee) ((pranav.kashyap@tr.com; +919886482111;))
Recent news on HDB Financial Services
See all newsIndia New Issue-HDB Financial to sell multiple tenor bonds, bankers say
Indian firms turn to floating-rate debt as interest rate hikes loom
India New Issue-HDB Financial to issue floating-rate bonds, bankers say
India's Shriram Finance beats profit forecasts, crosses 3 trillion rupees in AUM (updated)
India's Shriram Finance beats quarterly profit view on strong loan growth