Shriram Finance Ltd april 2024

SEC/FILING/BSE-NSE/24-25/68A-B July 26, 2024
BSE Limited National Stock Exchange of India Limited

P. J. Towers, Listing Department
Dalal Street, Fort, Exchange Plaza, 5th Floor,
Mumbai – 400 001 Plot no. C/1, G- Block,
Scrip Code: 511218 Bandra-Kurla Complex,
Mumbai – 400 051
NSE Symbol: SHRIRAMFIN
Dear Sir/Madam,
Sub.: Outcome of Board Meeting
Re.: Regulation 30, 33, 51, 52 and 54 of the Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing
Regulations’)
In furtherance of our intimations dated June 28, 2024 and July 16, 2024, we inform you
that the Board of Directors of the Company at their meeting held today i.e. July 26,
2024 has inter-alia:
1. Approved and taken on record the unaudited standalone and consolidated financial
results of the Company for the first quarter ended June 30, 2024, prepared pursuant
to Regulation 33 and 52 of the Listing Regulations.
2. Approved periodical resource mobilisation plan including issuance of debt securities

viz. redeemable non-convertible debentures (‘NCDs’) /subordinated debentures,
bonds on private placement basis and/or public issue in one or more tranches or any
other methods of borrowing in onshore/offshore market for the purpose of business
of the Company from August 1, 2024 to October 31, 2024.
Please find enclosed herewith:
a) Unaudited standalone and consolidated financial results of the Company for the first
quarter ended June 30, 2024 (unaudited financial results) together with the limited
review reports issued thereon by M/s. Sundaram & Srinivasan and KKC &
Associates LLP, Joint Statutory Auditors of the Company and the disclosures in
accordance with Regulation 52(4) and 54(3) of the Listing Regulations.
b) The disclosure in accordance with Regulation 52(7) and 52(7A) of the Listing
Regulations regarding utilization of issue proceeds of non-convertible securities
and a Nil statement for material deviation in the use of proceeds for the quarter
ended June 30, 2024.
c) Independent Auditor's certificate on Security Cover as at June 30, 2024 pursuant to

Regulation 54 of the Listing Regulations read with SEBI Master Circular no.
SEBI/HO/ DDHS-PoD1/P/CIR/2023/109 dated March 31, 2023.
d) Press Release and Investor Update on the said unaudited financial results.
The extract from said unaudited financial results would also be published in one English
and one vernacular newspaper as required under Regulation 47 and Regulation 52(8) of
the Listing Regulations. The said unaudited financial results are also being uploaded on
the Company's website (www.shriramfinance.in) as required under Regulation 46 of the
Listing Regulations.
This is an intimation/disclosure under Regulation 30, 33, 51, 52 and 54 and other
applicable regulations of Listing Regulations and clause 7.1 of Part III: Listing of
Commercial Paper of Master Circular No. SEBI/HO/DDHS/PoD1/P/CIR/2024/54
dated May 22, 2024 read with Chapter VI of SEBI (Issue and Listing of Non-
Convertible Securities) Regulations, 2021.
Kindly take the same on record.
The Meeting of Board of Directors commenced at 10.15 A.M. and concluded at 01.00
P.M.
Thanking you,
Yours faithfully,
For Shriram Finance Limited
U Balasundararao
Company Secretary & Compliance Officer
Sund aram & Sr in ivasan KKC & Ass oc iates LLP
Chartered Accountants Chartered Accountants
23 C P Ramaswamy Road Level-19, Sunshine Tower,
Alwarpet, Senapati Bapat Marg,
Chennai 600018 Elphinstone Road,
Mumbai, Maharashtra 400013
unaudited standalone financial results for the quarter ended 30

June 2024 of Shriram Finance Limited (formerly Shriram Transport Finance Company Limited ) under
Regulation 33 and Regulation 52(4) read with Regulation 63 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, as amended.
To
The Board of Directors of
Introduction
1. We have reviewed the accompanying statement of unaudited standalone financial results of Shriram
( the Company ) for the
quarter ended 30 June 2024 being submitted by the Company pursuant to the
requirements of Regulation 33 and Regulation 52(4) read with Regulation 63 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015, as amended ( Listing Regulations ).
2. This Statement, which is the responsibility of the Company's Management and approved by the
Board of Directors of the Company, has been prepared in accordance with the recognition and
measurement principles laid down in the Indian Accounting Standard ( Ind AS ) 34 Interim Financial
Reporting specified in section 133 of the Companies Act, 2013, read with relevant rules issued
thereunder
compliance with Regulation 33 and Regulation 52(4) read with Regulation 63 of the Listing
Regulations. Our responsibility is to express a conclusion on the Statement based on our review.
Scope of Review
3. We conducted our review in accordance with the Standard on Review Engagements ( SRE ) 2410,
Review of Interim Financial Information Performed by the Independent Auditor of the Entity issued
by the Institute of Chartered Accountants of India. This standard requires that we plan and perform
the review to obtain moderate assurance as to whether the Statement is free of material
misstatement. A review is limited primarily to inquiries of company personnel and analytical
procedures applied to financial data and thus provides less assurance than an audit. We have not
performed an audit and accordingly, we do not express an audit opinion.
Sund aram & Sr in ivasan KKC & Ass oc iates LLP
Conclusion
4. Based on our review conducted as above, nothing has come to our attention that causes us to
believe that the accompanying Statement prepared in accordance with the recognition and
measurement principles laid down in the aforesaid Ind AS and other accounting principles generally
accepted in India has not disclosed the information required to be disclosed in terms of Regulation
33 and Regulation 52(4) read with Regulation 63 of the Listing Regulations, including the manner in
which it is to be disclosed, or that it contains any material misstatement or that it has not been
prepared in accordance with the relevant prudential norms issued by Reserve Bank of India in
respect of income recognition, asset classification, provisioning and other related matters.
For Sundaram & Srinivasan For KKC & Associates LLP

Firm Registration Number - 004207S (formerly Khimji Kunverji & Co LLP)
Firm Registration Number:105146W/W100621
P Menakshi Sundaram Devang Doshi

Partner Partner
ICAI Membership Number: 217914 ICAI Membership No: 140056
UDIN: 24217914BKBOWU9342 UDIN: 24140056BKFFPO9560
Place: Chennai Place: Mumbai
Date: 26 July 2024 Date: 26 July 2024
SHRIRAM FINANCE LIMITED (formerly Stair:1m Transport Finance Company Limited)
CIN: L65191TN1979PLC007874
Regd. Office: Sri Towers, I 4A, South Phase, Industrial Estate, G candy, Chennai - 600032, Tamil Nadu.
Tel. No: +91 44 4852 4666, Fax: -1-91 44 4852 5666. Website-www.shriramfinance.in, Email-secretarial@shriramfinance.in
STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2024
Rs. in crores
Sr. Particulars _ Quarter Ended Year Ended
No. 30.06.2024 31,03.2024 30.06.2023 31,03,2024
(Unaudited) (Audited)* (Unaudited) (Audited)
Revenue from operations
(i) Interest income 9,362.79 9,077.27 7,687.95 33,599.66
(ii) Dividend income - 1.45
(iii) Rental income - 0.06 0.13
(iv) Fees and commission income 103.77 167.43 66.77 457.38
(v) Net gain on fair value changes - 17.12 r 71.24 95.65
(vi) Net gain on derecognition of financial instruments under 43.27 57,84 76.85 324.65
amortised cost category
(vii) Other operating income 95.15 164.05 99.96 485.49
(I) Total revenue front operations 9,604.98 9,483.71 8,002.83 34,964.41
(II) Other income 4,73 14,14 5,18 33,20
(III) Total income (1+11) 9,609.71 9,497.85 8,008.01 34,997.61
Expenses
(i) Finance costs 4,128.91 3,989.83 3,487.54 14,806,12
(ii) Fees and commission expenses 101.33 126.02 84.28 428.69
(iii) Net loss on fair value changes 12.64
(iv) Impairment on financial instruments 1,187.55 1,261.48 878,61 4,518.34
(v) Employee benefit expenses 868.35 824.91 790.39 3,215.59
(vi) Depreciation, amortization and impairment 153.48 153,47 131.87 568.83
(vii) Other expenses 490.86 498.02 387.70 1,776.40
(IV) Total expenses 6,943.12 6,853.73 5,760.39 25,313,97
(V) Profit before exceptional items and tax (III - IV) 2,666.59 2,644.12 2,247.62 9,683.64
(VI) Exceptional Items - - - -
(VII) Profit before tax (V +VI) 2,666.59 2,644.12 2,247.62 9,683.64
(VIII) Tax Expense:
(1) Current lax 995.29 1,001.68 718.07 3,400.06
(2) Deferred tax (309.29) (303.43) (145.89) (906.90)
(IX) Profit for the period (VII -VIII) 1,980.59 1,945.87 1,675.44 7,190.48
(X) Other comprehensive income
(A) (i) Items that will not be reclassified to profit or loss
Remeasurement gain/ (loss) on defined benefit plan (0.96) (28.41) (13.20) (78.09)
Gain/ (loss) on fair valuation of quoted investments in 3.07 0.40 14.17 16.49
equity shares
(ii) Income tax relating to items that will not be reclassified to (0.53) 7,05 (0.24) 15.50
profit or loss
Subtotal (A) 1.58 (20.96) 0 .73 (46.10)
(B) (i) Items that will be reclassified to profit or loss
Cash flow hedge reserve 8.53 (50.77) _ (103.56) (56.12)
(ii) Income tax relating to items that will be reclassified to profit (2.15) 12.77 26.06 14.12
or loss
Subtotal (B) 6,38 (38,00) (77.50) (42.00)
Other comprehensive income for the period (A+B) 7.96 (58.96) (76.77) (88.10)
(XI) Total comprehensive income for the period (IX+X) 1,988,55 1,886.91 1,598.67 7,102.38
(XII) Paid-up equity shore capital (Face value Rs. 101- per 375.91 375.79 374.84 375.79
share)
(X1/1) Other equity 48,192.60
(XIV) Earnings per equity share (Not annualised for the
interim periods)
Basic (Rs.) 52.70 51,79 44.73 191.63
Diluted (Rs.) 52.60 51.69 44.52 191.02
Acco
SHRIRAM FINANCE LIMITED (formerly Shriram Transport Finance Company Limited)
CIN: L6519 I TN1979PLC007874
Regd. Office: Sri Towers, 14A, South Phase, Industrial Estate, Guindy, Chennai — 600 032, Tamil Nadu.
Tel. No: +91 44 4852 4666, Fax: +91 44 4852 5666. Website-www.shriramfinance.in, email-secretarial@shriramfinance.in
Notes:
The above results have been reviewed by the Audit Committee and subsequently approved by the Board of Directors in
their respective meetings held on July 26, 2024.
2 The standalone financial results of the Company have been prepared in accordance with Indian Accounting Standards
('Ind AS') notified under section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting
Standards) Rules, 2015 as amended from time to time, the circulars, guidelines and directions issued by the Reserve Bank
of India (RBI), Regulation 33 and Regulation 52 read with Regulation 63(2) of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, as amended and other recognised accounting practices generally accepted in
India.
These standalone financial results are available on the website of the Company (www.shriramfinance.in) and on the
website of BSE Limited (www.bseindia.com) and National Stock Exchange of India Limited (www.nseindia.com).
3 The standalone financial results for the quarter ended June 30, 2024 have been reviewed by the Statutory Auditors.
4 *The figures for the fourth quarter of the previous financial year are the balancing figures between audited figures in
respect of the full financial year and the published year to date figures up to the end of third quarter of the previous
financial year which was subject to limited review by the statutory auditors.
5 The Board of Directors of the Company in its meeting held on May 13, 2024 had approved the proposal for disinvestment
of the Company's entire stake in Shriram Housing Finance Limited, a debt-listed non-material subsidiary of the Company
and in this regard, the Company has entered into the share purchase agreement, inter-alia, with Mango Crest Investment
Ltd (an affiliate of Warburg Pincus). The transaction is subject to requisite regulatory approvals.
6 The Board of Directors of the Company in its meeting held on April 26, 2024 had approved acquisition of 100% equity
stake in Shriram Overseas Investments Private Limited from Shriram Investments Holdings Private Limited, subject to
approval of Reserve Bank of India (RBI). The Company has made necessary application in this regard and the approval
from RBI is awaited.
7 During the quarter ended June 30, 2024, the Company allotted 118,798 equity shares of face value of Rs. 10/- each fully
paid up at an exercise price of Rs. 193.55 per equity share (including premium of Rs. 183.55 per equity share) under the
Shriram Finance Limited Employee Stock Option Scheme 2023 (No. 1) on various dates.
8 Disclosure pertaining to RBI Master Direction - RBI/DOR/2021-22/86DoR.STR.REC.51/21.04.048/ 2021-22

Reserve Bank of India (Transfer of Loan Exposures) Directions, 2021 dated September 24, 2021.
a Details of transfer through assignment in respect of loans not in default during the period ended June 30, 2024:
Particulars June 30, 2024
Count of loans accounts assigned 6,570
Amount of loan accounts assigned (Rs. in crones) 522.65
Weighted average maturity (in months) 41
Weighted average holding period (in months) 8
Retention of beneficial economic interest (%) 10,00%
Coverage of tangible security 100.00%
Rating wise distribution of rated loans Not rated
CIN: L65191TN1979P LC007874
Tel. No: +91 44 4852 4666, Fax; +91 44 4852 5666. Website-www.shriramfinance.in, email-secretarial@shriramfinance.in
Notes:
b The Company has not acquired any loans not in default through assignment during the period ended June 30, 2024,
c The Company has not transferred any stressed loans during the period ended June 30, 2024.
d The Company has not acquired any stressed loans during the period ended June 30, 2024.
9 The Board of Directors in its meeting held on April 26, 2024 had recommended a final dividend of Rs.15/- per equity
share of face value of Rs. 10/- each fully paid up i.e. 150%, for the financial year 2023-24, subject to declaration by the
members in the ensuing 45th Annual General Meeting (45th AGM) of the Company scheduled to be held on July 30,
2024. This will be in addition to two interim dividends of Rs. 20/- per equity share and Rs. I0/- per equity share (300%)
for the financial year 2023-24 declared by the Board of Directors in their respective meetings held on October 26, 2023
and Januaty 25, 2024. With this, if final dividend is declared, the total dividend for the financial year 2023-24 would be
Rs. 45/- per equity share (i.e. 450%). Pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 and subject to the confirmation by the Stock Exchanges, the
book closure period for the purpose of payment of the final dividend and 45th AGM is from July 24, 2024 to July 30,
2024 (both days inclusive). The final dividend would be paid to eligible members on or before August 28, 2024 subject to
deduction of tax at source as per the applicable rate(s) to the eligible shareholders.
10 Information as required by Regulation 52(4) of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015 is attached in Annexure 1.
11 The Company's secured non-convertible debentures of Rs. 32,124.13 crores as on June 30, 2024 are secured by specific
assets covered under hypothecation loan agreements and by way of exclusive charge and mortgage of immovable property
and with a cover of 100% and above as per the terms of issue.
12 As on June 30, 2024 the security cover available in respect of secured non-convertible debt securities is 1.09 times. The
security cover certificate as per Regulation 54(3) of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015 is attached as Annexure 2.
13 The Company is primarily engaged in the business of financing and there are no separate reportable segments identified
as per Ind AS 108 - Operating segments.
14 The figures for the previous periods/ year have been regrouped/ rearranged wherever necessary to conform to the current
period presentation. There are no significant regroupings/ reclassification for the quarter under report.

(formerly Shriram Transport Finance Company
Chakra
Place: Mumbai anagin 'rector & CEO
Date: July 26, 2024 DIN: 00052308
CIN: L65 I 91TN1979PLC007874
Regd. Office: Sri Towers, 14A, South Phase, Industrial Estate, Guindy, Chennai — 600032, Tamil Nadu.
Tel. No: +91 44 4852 4666, Fax: +91 44 4852 5666. Website-www.shriramfinance.in, Email-secretarial@shriramfinance.in
Information as required by Regulation 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015
Annexure I
Sr. Particulars Standalone

No. Quarter Ended Year Ended
30.06.2024 31.03.2024 30.06.2023 31.03.2024
1 Debt-Equity Ratio (times) I 3.79 3.83 3.60 3.83
2 Debt Service Coverage Ratio 2 NA NA NA NA
3 Interest Service Coverage Ratio 2 NA NA NA NA

4 Outstanding Redeemable Preference Shares (Quantity) Nil Nil Nil Nil
5 Outstanding Redeemable Preference Shares (Value) (Rs. in Nil Nil Nil Nil
crores)
6 Capital Redemption Reserve (Rs. in crores) 53.88 53.88 53.88 53.88
7 Debenture Redemption Reserve (Rs. in crores) 134.25 134.25 419.13 134.25
8 Networth 3 (Rs. in crores) 50,455.00 48,463.82 44,821.61 48,463.82
9 Net Profit After Tax (Rs. in crores) 1,980.59 1,945.87 1,675.44 7,190.48
10 Earnings Per Equity Share (Not annualised for the interim
periods)
Basic (Rs.) 52.70 51.79 44.73 191.63
Diluted (Rs.) 52.60 51.69 44.52 191.02
11 Current Ratio' NA NA NA NA
12 Long Term Debt to Working Capital 2 NA NA NA NA
13 Bad Debts to Accounts Receivable Ratio 2 NA NA NA NA
14 Current Liability Ratio 2 NA NA NA NA
15 Total Debts 4 to Total Assets 0.78 0.78 0.77 0.78
16 Debtors Turnover 2 NA NA NA NA
17 Inventory Turnover 2 NA NA NA NA
18 Operating Margin (%) 2 NA NA NA NA
19 Net Profit Margin (%) 5 20.61% 20.49% 20.92% 20.55%
20 Sector Specific Equivalent Ratios

Capital Adequacy Ratio (%) 6 20.29% 20.30% 22.40% 20.30%
Gross NPA Ratio (%) 7 5.39% 5.45% 6.03% 5.45%
Net NPA Ratio (%) 8 2.71% 2.70% 2.96% 2.70%
NPA Provision Coverage Ratio (%) 9 51.15% 51.79% 52.55% 51.79%
Liquidity Coverage Ratio (%) 19 225.19% 195.55% 202.84% 195.55%
Note
1 Debt-equity ratio = (Debt securities + Borrowings (other than debt securities) 1- Deposit + Subordinated liabilities)/ (Equity Share Capital +
Other equity).
2 The Company is registered under the Reserve Bank of India Act, 1934 as Non-Banking Financial Company, hence these ratios are generally
not applicable as per proviso to Regulation 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015.
3 Networth is calculated as defined in section 2(57) of Companies Act 2013.
4 Total debts to total assets = (Debt securities + Borrowings (other than debt securities) + Deposit + Subordinated liabilities)/ Total assets.
5 Net profit margin = Net profit after tax/ Total Income.
6 Capital adequacy ratio = Total Capital funds/ Risk weighted assets, calculated as per applicable RBI guidelines.
7 Gross NPA ratio (%) = Gross stage 3 loans/Gross Loans.
8 Net NPA ratio (%) = Net stage 3 loans/(Gross loans - ECL on stage 3 loans) where Net stage 3 loans = Gross stage 3 loans - ECL on stage 3
loans.
9 NPA Provision coverage ratio (%)= ECL on stage 3 loans/ Gross stage 3 loans.
10 Liquidity Coverage Ratio (LCR) is calculated as per circular no. RB1/2019-20/88DDR.NBEC.(PD) CC. No. 102/03.10.001/2019-20 dated
November 04, 2019 issued by the Reserve Bank of India.
11 NPA = Non-performing Assets.
SHRIRAM FINANCE LIMITED (formerly Shrirarn Transport Finance Company Limited)
CON: 1.65191TN3979PLC11117874
Regd. Office:Sri Towers, IAA, South Phase, Industrial Estate. &ink, CIwood' - 6011032, Tamil Nadu.
Tcl. No: +91 4441152 4666, Free +91 44 .11152 5666. Welosite-www.shriramlinance.in,ernait-secretorial@shriromfinonce
nah,tire 2
Standalone Security Cover certificate es perk gelation 54(3) dike Securities and Exchange Board of India (Listing 0 Nations and Disclosure Requirements) Regulations, 2010
Rs in mores
A 11 C o E F C H I J K I L [MI ix I o
Partirulars Description of Exclusive Exclusive Pori- Passe Pari-Passe Pari-Posen Assets not Elimination {Total Related to only those items covered by liris serlilicale
asset for which Charge Charge Charge Charge Charge offered as (amount in C to 11
this certificate &easily negative)
relate DM fur Other Secured Debt for Assets Other assets Debt amount Market Carrying/ Marker Carrying Total Woe
which this Debt which this shored by on which considered Value for book value for Value for valve/ book (K • L+ El +
certificate certificate pari•pa stir Mere is pad- more than Assets exclusive pari-passe value for pa ri N)
being issued being Issued debt holder passe charge once (due to charged an charge assets charge passe charge
(Includes (excluding exclusive Exclusion where marker Assets Octets where
debt for items plate pari- basis value is not market value
which this Covered in pnssu charge ascertainable is nal
serlilicale is Wilma F) or applicable ascertainable
issued & or applicable
other debt
with peri-
1 p.m
charge) Relating to Colunnt F
Book Value Book Value Yes/ No Book Value Book Value
ASSETS
Properly, Plant and Freehold Land 10.16 062.18 - 862.34 1.05 - - - 1.05
Equipment and Building
Capital Work-in-Progress - - - - - - - -
Right of Use Assets - - - - - - - -
Goodwill - - - 1,406.73 - 1,406.73 - - - - -
Other Intangible Assets - - - 969,66 - 969,66 - - - - -
intangible Assets nod. - - - - - -
Development
inveslnicins - - - 0,103.11 - 9,653.11 - - - - -
LOOM- Loons / advances 35,021.62 115,536.17 65,264,19 215,82100 - 35,1121.62 - - 35,021,62
given (net or
provisions, NPAs
and sell down
portfolio)
inventories - - - - - - • -
Trade Receivables - - - 26.62 - 26.62 - - - • -
Cosh and Cash Equivalents - - 4,243.04 - 4,243.94 - - • -
Bank Balances other Mon - - 6,585.47 - 6.585.47 - . . -
Cosh sod Cosh Equivalents
°them • . 7,413,43 - 7,413.43 - - -
Total 35,021.78 115,536.19 - - - 95,825.33 - 246,363.30 1.05 35,021.62 - - 35,022.67
... New No: 4 co

co Old liptZ3 T.
* CP6 'WAD, *
c., CPsitNNAI ,...
600 018. 2-
..'i'
S IIRIRAM FINANCE LIMITED (formerly Shelton)) Transport Finance Company Limited)
C1N. L05191174 I 979PLC007874
Rcgd. 011ice: Sri Towers, 14A, South Phase, Industrial Snide, Cuindy, Chum' —600 032, Tamil Nadu.
Tel. No; 491 44 4852 .4666, Fox: +91 44 4052 5066, Webrite-www.shriromfinance.in,eniail-seeruloriolgshriramfinuremin
Annexure 2
Standalone Security Cover certificate as per Regulation 503) of the Securities and Exchange Beard of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
(R, in coxes)
A B C D E F G 41 I .1 K 1 L. 1 AI 1 N 1 0
Particulars Description of Exclusive Exclusive Park ['Assn Pari-Pass.. Pari-Pass.. Assets not Elimination (Total Related to only those items covered by this certificate
asset for which Charge Charge Charge Charge Charge offered as (amount in C to 1.)
this certificate Security negative)
relate Debt for Other Secured Debt for Assets Other .9e1.4 Debt amount Market Carrying/ Market Carrying Total Value
which this Debt which this shared by on which considered Value for book value far Value for value/hank (K + L + ill +
certificate certificate parkpassu there is park snore than Assets exclusive pari•passu value for pari N)
being issued being issued debt holder passe charge once (slut II charged en charge assets charge passu charge
(includes (excluding ecrilniVr Exclusive where market Assets assets where
debt for items plus park basis opine is not snorkel value
which this Covered in panic charge ascertainable Is not
certificate is column F) or applicable ascertainable
other third
with park
1.10751
charge) Relating to Column F
Book Value Book Value Veal No Book Value Beall Value
LIABILITIES
Debt securities to which this 32,124.13 Yes - - - - 32,124.13 -
cenificate pertains
Other debt shoring pari-passu - - - - -
charge with above debt
Other Debt 11,147.73 - - - 9,382.78 • 14,530.51 - - - -
Subordmoted debt - - - 2,07,17 2,627.17 - -
Borrowings 94,969.70 - 94,969.70 - - - - -
Bank - - - - - - - -
. - - - - . -
Debt Securities
Deposits - - - 47,494 01 - 47,494.01 - - ...
-
Trade payables - - 209.4I 209.41 - - -
Lease Liabilities - - - - - - - - -
Provisions - 31/1.74 - 31894 - - - -
Oaten - - 3.649 116 - 3,549,86 - - -
Total 32,114.13 106,117.43 - - 57,58217 195,823,73 - - -
Cover on Book Value 1.09
Cover on Market Value
E5e1115ive 1.09 Pod-Pass..
Security Security
Cover Ratio Cover Ratio
Notes:
I.. We confirm Mat the Company has complied wi h the covenant mentioned in the disclosure documents tattle Secured redeemable non-con Terrible debentures for the period ended Juno 36,2924.
2, The market value of Rs 0.02 coww of the Freehold Land is an he basis of certified valuation done on May 73, 2022,
3. The snorkel value of Rs 1.112 erase of the Building is on the basis of certified valootion done on April 21, 2023,
New No: 4,
Old 3,
CPe D, *
CPSENNAI
600 018.
'96.0 ACCT,
Sundaram & Srinivas an KKC & Associates LLP
 
Consolidated UFR June qrtr'24unaudited consolidated financial results

for the quarter ended 30 June 2024 of Shriram Finance Limited (formerly   
Company  under Regulation 33 and Regulation 52(4) read with Regulation 63 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015, as amended.
To
The Board of Directors of
Shriram Finance Limite
Introduction
1. We have reviewed the accompanying statement of unaudited consolidated financial results of Shriram
 
and its subsidiary (the Parent and its subsidiary 
net profit after tax and total comprehensive income of its associate for the quarter ended 30 June 2024
      Parent pursuant to the requirements of Regulation 33 and
Regulation 52(4) read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements)

2. This Statement, which is the responsibility of the ParentManagement and approved by the Parent
Board of Directors, has been prepared in accordance with the recognition and measurement principles

section 133 of the Companies Act, 2013, read with relevant rules issued thereunder and, the circulars,

accounting principles generally accepted in India and in compliance with Regulation 33 and Regulation
52(4) read with Regulation 63 of the Listing Regulations. Our responsibility is to express a conclusion on
the Statement based on our review.
Scope of Review
3.              

the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review
to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is
limited primarily to inquiries of company personnel and analytical procedures applied to financial data and
thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not
express an audit opinion.
We also performed procedures in accordance with the circular Issued by the SEBI under Regulation 33(8)
of the Listing Regulations, as amended, to the extent applicable.
4. The Statement includes the result of the following entities:
Name of the entity Relationship
Shriram Finance Limited  Parent

Shriram Housing Finance Limited Subsidiary
Shriram Automall India Limited Associate
Sundaram & Srinivas an KKC & Associates LLP
 
Conclusion
5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based
on the consideration of the other auditors referred to in paragraph 6 below, nothing has come to our
attention that causes us to believe that the accompanying Statement prepared in accordance with the
recognition and measurement principles laid down in the aforesaid Ind AS and other accounting
principles generally accepted in India has not disclosed the information required to be disclosed in terms
of Regulation 33 and Regulation 52(4) read with Regulation 63 of the Listing Regulations, including the
manner in which it is to be disclosed, or that it contains any material misstatement or that it has not been
prepared in accordance with the relevant prudential norms issued by Reserve Bank of India in respect of
income recognition, asset classification, provisioning and other related matters.
Other Matters
6. We did not review the interim financial results of one subsidiary included in the Statement, whose interim
financial results, reflect total revenues of Rs. 433.78 Crores (before consolidation adjustment), total net
profit after tax of Rs.48.32 Crores (before consolidation adjustment) and total comprehensive income of
Rs. Rs. 46.89 Crores (before consolidation adjustment) for the quarter ended 30 June 2024, as
considered in the Statement. The Statement also includes the Group's share of net profit after tax of Rs.
1.17 Crores and total comprehensive income of Rs. Rs. 1.21 Crores for the quarter ended 30 June 2024,
as considered in the Statement, in respect of one associate, whose interim financial results have not been
reviewed by us. These interim financial results have been reviewed by other auditors whose reports have
been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to
the amounts and disclosures included in respect of these subsidiaries and associates, is based solely on
the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above.
Our conclusion on the Statement is not modified in respect of the above matter.
For Sundaram & Srinivasan For KKC & Associates LLP

Firm Registration Number - 004207S (formerly Khimji Kunverji & Co LLP)
Firm Registration Number: 105146W/W100621
 
  

 
  

P Menakshi Sundaram Devang Doshi
Partner Partner
ICAI Membership Number: 217914 ICAI Membership Number: 140056
UDIN: 24217914BKBOWT9960 UDIN: 24140056BKFFPP5860
Place: Chennai Place: Mumbai
Date: 26 July 2024 Date: 26 July 2024
SHRIRAM FINANCE LIMITED (formerly Shri ram Transport Finance Company limited)
CIN: L65 I 911N1979PLC007874
Regd. Office: Sri Towers, 14A, South Phase, Industrial Estate, Guindy, Chennai - 600 032, Tamil Nadu.
Tel. No: +91 44 4852 4666, Fax: +91 44 4852 5666. Website-www.shrirainfinance.in, email-secretarial@shriramfinanee.in
STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2024
(Rs. in crores)
Sr. Particulars Quarter Ended Year Ended
No. 30.06.2024 31.03.2024 30.06.2023 31.03.2024
Revenue from operations
(i) Interest Income 9,362.79 9,077.27 7,687.95 33,599.66
(ii) Dividend Income - - - 1.45
(iii) Rental Income - - 0.06 0.13
(iv) Fees and Commission Income 103.77 167.43 66.77 457.38
(v) Net Gain on Fair Value Changes - 17.12 71.24 95.65
(vi) Net Gain on Derecognition of Financial Instruments under Amortised Cost Category 43.27 57.84 76.85 324.65
(vii) Other Operating Income 95.15 164.05 99.96 485.49

(I) Total Revenue from operations 9,604.98 9,483.71 8,002.83 34,964.41
(II) Other Income 4.73 14.14 5.18 33.20
(III) Total Income (1+11) 9,609.71 9,497.85 8,008.01 34,997.61
Expenses
(i) Finance Costs 4,128.91 3,989.83 3,487.54 14,806.12
(ii) Fees and Commission Expenses 101.33 126.02 84.28 428.69
(iii) Net Loss on Fair Value Changes 12.64 - - -
(iv) Impairment on Financial Instruments 1,187.55 1,261.48 878.61 4,518.34
(v) Employee Benefit Expenses 868.35 824.91 790.39 3,215.59
(vi) Depreciation, Amortization and Impairment 153.48 153.48 131.87 568.83
(vii) Other Expenses 490.86 498.02 387.70 1,776.40
(IV) Total Expenses 6,943.12 6,853.73 5,760.39 25,313.97
(V) Profit Before Exceptional Items and Tax (III - IV) 2,666.59 2,644.12 2,247.62 9,683.64
(VI) Exceptional Items - - - -
(VII) Profit Before Tax from Continuing Operations (V +VI) 2,666.59 2,644.12 2,247.62 9,683.64
(VIII) Tax Expenses:
(1) Current Tax 995.29 1,001.68 718.07 3,400.06
(2) Deferred Tax (309.29) (303.43) (145.89) (906.90)
(IX) Profit for the period from Continuing Operations (VII -V111) 1,980.59 1,945.87 1,675.44 7,190.48
(X) Share of Profit/ (Loss) of Associate 1.17 2.95 1.05 7.78
(X1) Net Profit After Taxes and Share of Profit/ (Loss) of Associate from Continuing 1,981.76 1,948.82 1,676.49 7,198.26
Operations (IX+X)
(X11) Discontinued Operations: (Refer Note 3 & 15 )

Profit before Tax from Discontinued Operations 64.22 98.73 52.94 276.53
Tax Expenses of Discontinued Operations 15.34 26.27 17.24 75.90
Net Profit after Tax for the period from Discontinued Operations 48.88 72.46 35.70 200.63
(XIII) Net Profit after Tax for the Period from Total Operations 2,030.64 2,021.28 1,712.19 7,398.89
(XIV) Other Comprehensive Income

(A) (i) Items that will not be reclassified to Profit or Loss
Remeasurement Gain/ (Loss) on Defined Benefit Plan (1.62) (28.55) (13.55) (78.43)
Gain / (loss) on Fair Valuation of Quoted Investments in Equity Shares 3.07 0.40 14.17 16.49
(ii) Income Tax relating to items that will not be reclassified to Profit or Loss (0.36) 7.09 (0.15) 15.67
(iii) Share in Other Comprehensive Income of Associate (Net of Tax) 0.04 0.03 (0.09) (0.06)
Subtotal (A) 1.13 (21.04) 0.38 (46.33)
(B) (i) Items that will be reclassified to Profit or Loss
Cash Flow Hedge Reserve 7.27 (51.87) (103.57) (55.98)
(ii) income Tax relating to items that will be reclassified to Profit or Loss (1.83) 13.04 26.06 14.08
Subtotal (13) 5.44 (38.83) (77.51) (41.90)
Other Comprehensive Income fur the period (A+B) 6.57 (59.86) (77.13) (88.23)
(XV) Total Comprehensive Income for the period (XIII+XIV) 2,037.21 1,961.42 1,635.06 7,310.66
(Rs. in crores)
No. 30.06.2024 31.03.2024 30.06.2023 31,03.2024
(XVI) Profit for the period attributable to
- Owners of the Company 2,022.80 2,008.80 1,705.24 7,366.38
- Non-Controlling Interests 7.84 12.48 6.95 32.51
(XVII) Other Comprehensive Income far the period attributable to
- Owners of the Company 6.72 (59.74) (77.09) (88.25)
- Non-Controlling Interests (0.15) (0.12) (0.04) 0.02
(XVIII) Total Comprehensive Income for the period attributable to
- Owners of the Company 2,029.52 1,949.06 1,628.15 7,278.13
- Non-Controlling Interests 7.69 12.35 6.91 32.53
(XIX) Paid-up Equity Share Capital (Face Value Rs. 10.1- per share) 375.91 375.79 374.84 375.79
(XX) Other Equity 48,571.38
(XXI) Earnings per Equity Share (Not annualised for the interim periods)
Continuing Operations:
Basic (Rs.) 52.73 51.87 44.76 191.84
Diluted (Rs.) 52.64 51.76 44.55 191.23
Disontinuing Operations:
Basic (Rs.) 1.09 1.60 0.77 4.48
Diluted (Rs.) 1.09 1.59 0.76 4.47
Total Operations:
Basic (Rs.) 53.82 53.47 45.53 196.32
Diluted (Rs.) 53,73 53.36 45,31 195.69
CIN: L6519 1TN1979PLC007874
Tel. No: +91 44 4852 4666, Fax: +91 44 4852 5666. Website-wmAv.shriranifinance.in, email-secretarial@shriramfinance.in
Notes:
1 The above results have been reviewed by the Audit Committee and subsequently approved by the Board of Directors in their respective
meetings held on July 26, 2024.
2 The consolidated financial results of the Company have been prepared in accordance with Indian Accounting Standards (Ind AS') notified
under section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standards) Rules, 2015 as amended from time
to time, the circulars, guidelines and directions issued by the Reserve Bank of India (RBI), Regulation 33 and Regulation 52 read with
Regulation 63(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended and other recognised
accounting practices generally accepted in India. These results include results of-
Name of the Company % Shareholding and voting power of Consolidated as

Shriram Finance Limited
Shriram Housing Finance Limited 83.78% Subsidiary Held for Sale

Shriram Automall India Limited 44.56% Associate
These consolidated financial results are available on the website of the Company (www.shriramfinance.in) and on the website of BSE
Limited (www.bseindia.com) and National Stock Exchange of India Limited (www.nseindia.com).
3 The Board of Directors of the Company in its meeting held on May 13, 2024 had approved the proposal for disinvestment of the Company's
entire stake in Shriram Housing Finance Limited, a debt-listed non-material subsidiary of the Company and in this regard, the Company has
entered into the share purchase agreement, inter-alia, with Mango Crest Investment Ltd (an affiliate of Warburg Pincus).The Company's
investment in Shriram Housing Finance Limited has been classified as Assets Held for sale as per Ind AS 105 and disclosed as discontinued
operations in the financial results ( refer note no.I5 ).
4 The consolidated financial results for the quarter ended June 30, 2024 have been reviewed by the Statutory Auditors.
5 *The figures for the fourth quarter of the current and previous financial year are the balancing figures between audited figures in respect of
the full financial year and the published year to date figures up to the end of third quarter of the current and previous financial year which
was subject to limited review by the statutory auditors.
6 The above results include financial results of Shriram Finance Limited (the "Company"), its subsidiary Shriram Housing Finance Limited
(refer note number 2), together hereinafter referred to as "the Group" and its associate Shriram Automall India Limited.
7 The Board of Directors of the Company in its meeting held on April 26, 2024 had approved acquisition of 100% equity stake in Shriram
Overseas Investments Private Limited from Shriram Investments Holdings Private Limited, subject to approval of Reserve Bank of India
(RBI). The Company has made necessary application in this regard and the approval from RBI is awaited.
8 During the quarter ended June 30, 2024 the Company allotted 118,798 equity shares of face value of Rs. 10/- each fully paid up at an
exercise price of Its. 193.55 per equity share (including premium of Rs. 183.55 per equity share) under the Shriram Finance Limited
Employee Stock Option Scheme 2023 (No.1) on various dates.
SIIRIRAM FINANCE LIMITED (formerly Shriram Transport Finance Company Limited)
CM: L65191TN1979PLC007874
Regd, Office: Sri Towers, I4A, South Phase, Industrial Estate, Guindy, Chennai — 600 032, Tamil Nadu.
Tel. No: +91 44 4852 4666, Fax: +91 44 4852 5666. Website-www.shriramfinance.in, email-secretarial@shriramfinance.in
Notes:
9 Disclosure pertaining to RBI Master Direction - R131/DOR/2021-22/86 DOR.STR.REC.51/21.04.048/2021-22 Reserve Dank of India
(Transfer of Loan Exposures) Directions, 2021 dated September 24, 2021
a (i) Details of transfer through assignment in respect of loans not in default; during the three months period ended on June 30, 2024 :
Particulars As at June 30, 2024

Amount of loan accounts assigned (Rs. in crores) 522.65
Retention of beneficial economic interest (%) 10%
Coverage of tangible security 100%
Rating wise distribution of rated loans Not Rated
Details of transfer through assignment by the subsidiary in respect of loans not in default; during the three months period ended on June 30,
2024 :

Amount of loan accounts assigned (Rs. in crores) 281.55
Retention of beneficial economic interest (%) 11.13%
Coverage of tangible security 48.25%
Rating wise distribution of rated loans Not Rated
(ii) Details of transfer done by subsidiary held for sale through Co-Lending in respect of loans not in default; during the three months period
ended on June 30, 2024
Count of loans accounts Co-Lent 784

Amount of loan accounts Co-lent (Rs. in crores) 168,66
Weighted average holding period (in months) 2,85 Months
Retention of beneficial economic interest (%) 20.00
Coverage of tangible security 53.55
Rating wise distribution of rated loans Not rated
b The Group has not acquired any loans not in default through assignment during the period ended June 30, 2024,
c The Group has not transferred any stressed loans during the period ended June 30, 2024.
d The Group has not acquired any stressed loans during the period ended June 30, 2024.
SDR1RAM FINANCE LIMITED (formerly Shriram Transport Finance Company Limited)
CIN: L6519 1 TN1979PLC007874
Regd. Office: Sri Towers, 14A, South Phase, Industrial Estate, Guindy, Chennai —600 032, Tamil Nadu.
Tel. No: +91 44 4852 4666, Fax: +91 44 4852 5666. Website-‘vww.shriramfinance.in, email-secretarial@shrirainfinance.in
Notes:
10 The Board of Directors in its meeting held on April 26, 2024 had recommended a final dividend of Rs.15/- per equity share of face value of
Rs. 10/- each fully paid up i.e. 150%, for the financial year 2023-24, subject to declaration by the members in the ensuing 45th Annual
General Meeting (451h AGM) of the Company scheduled to be held on July 30, 2024, This will be in addition to two interim dividends of
Rs. 20/- per equity share and Rs. I0/- per equity share (300%) for the financial year 2023-24 declared by the Board of Directors in their
respective meetings held on October 26, 2023 and January 25, 2024. With this, if final dividend is declared, the total dividend for the
financial year 2023-24 would be Rs. 45/- per equity share (i.e. 450%). Pursuant to Regulation 42 of the Securities and Exchange Board of
India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and subject to the confirmation by the Stock Exchanges, the
book closure period for the purpose of payment of the final dividend and 45th AGM is from July 24, 2024 to July 30, 2024 (both days
inclusive). The final dividend would he paid to eligible members on or before August 28, 2024 subject to deduction of tax at source as per
the applicable rate(s) to the eligible shareholders.
11 Information as required by Regulation 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015 is attached in Annexure 1.
12 The Group's secured non-convertible debentures of Rs 33,452.17 crores as on June 30, 2024 are secured by specific assets covered under
hypothecation loan agreements and by way of exclusive charge and mortgage of immovable property and with a cover of 100% and above
as per the terms of issue.
13 As on June 30, 2024 the security cover available in respect of secured non-convertible debt securities is 1.09 times. The security cover
certificate as per Regulation 54(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015 is attached as per Annexure 2.
14 The Company and its subsidiary Shriram Housing Finance Limited are in the business of financing and there are no separate reportable
segments identified as per Ind AS 108-Operating segments, Further its associate is primarily engaged in the business of facilitation service.
15 Summary results of the discontinued operations are given below - ( refer note no.3 )
(Rs. in crores)

No. 30.06.2024 31.03.2024 30,06,2023 31.03.2024
1 Revenue from Operations 433.59 420.59 287.94 1,415.11
2 Other Income 0.01 (0.14) (0.01) 0.27
3 Total income 433.60 420,45 287.93 1,415.38
4 Total Expenses 369.38 321.72 234,99 1,138.85
5 Profit Before Tax from Discontinued operations 64.22 98.73 52.94 276.53
6 Tax Expenses 15.34 26.27 17.24 75.90
7 Profit After Tax from Discontinued operations 48.88 72.46 35.70 200,63
8 Other Comprehensive income from discontinued (1.43) (0.94) (0.27) (0.07)
operations
9 Total Comprehensive income from discontinued 47.45 71.52 35.43 200.56
operations
16 The figures for the previous periods have been regrouped/ rearranged wherever necessary to conform to the current period/ year
presentation.

(formerly Shriram Transport Finance Company Limited)
. Chakra
Place: Mumbai anaging Director & CEO
Date: July 26, 2024 DIN: 00052308
CIN: L65191TN19791PLC007874
Regd. Office: Sri Towers, 14A, South Phase, Industrial Estate, Guindy, Chennai - 600 032, Tamil Nadu.
Tel. No: +91 44 4852 4666, Fax: +91 44 4852 5666. Website-www.shriramlinance.in, email-secretarial@shrirainfinance.in
Information as required by Regulation 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015
Annexure I (Rs. in crores)
Sr. Particulars Consolidated
No. Quarter Ended Year Ended
30.06.2024 31.03.2024 30.06.2023 31.03.2024
(Unaudited) (Audited) (Unaudited) (Audited)
1 Debt-Equity Ratio (tittles) I 3.97 3.99 3.75 3.99
2, Debt Service Coverage Ratio 2 NA NA NA NA
3 Interest Service Coverage Ratio 2 NA NA NA NA
4. Outstanding Redeemable Preference Shares (Quantity) Nil Nil Nil Nil
5. Outstanding Redeemable Preference Shares (Value) (Rs. in crores) Nil Nil Nil Nil
6. Capital Redemption Reserve (Rs. in crores) 53.88 53.88 53.88 53.88
7. Debenture Redemption Reserve (Rs. in crores) 134.25 134.25 419.13 134.25
8. Networth 3 (Rs. in crores) 50,306.04 48,842.60 45,058.14 48,842.60
9, Net Profit After Tax (Rs. in crores) 2,030.64 2,021.28 1,712.19 7,398.89
10. Earnings Per Equity Share (Not annualised for the interim periods)
Basic (Rs.) 53.82 53.47 45.53 196.32
Diluted (Rs.) 53.73 53.36 45.31 195.69
11. Current Ratio NA NA NA NA
12. Long Term Debt to Working Capital NA NA NA NA
13. Bad Debts to Accounts Receivable Ratio NA NA NA NA
14. Current Liability Ratio NA NA NA NA
15. Total Debts 4 to Total Assets 0.78 0.79 0.78 0.79
16. Debtors Turnover NA NA NA NA
17. Inventory Turnover NA NA NA NA
18. Operating Margin (%) NA NA NA NA
19. Net Profit Margin (%) 3. 20,62% 20.52% 20.94% 20.57%
20. Sector Specific equivalent Ratios
Capital Adequacy Ratio (%) 6 NA NA NA NA
Gross NPA Ratio (%) 7 NA NA NA NA
Net NPA Ratio(%) 8 NA NA NA NA
NPA Provision Coverage Ratio (%) 9 NA NA NA NA

Liquidity Coverage Ratio (%) 3° NA NA NA NA
Note
1. Debt-equity ratio = (Debt securities Borrowings (other than debt securities) + Deposit + Subordinated liabilities) / (Equity Share Capital +
Other equity)
2. The Company is registered under the Reserve Bank of India Act, 1934 as Non-Banking Financial Company, hence these ratios are generally
not applicable as per proviso to Regulation 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015.
3. Networth is calculated as defined in section 2(57) of Companies Act 2013.
4. Total debts to total assets = (Debt securities -+ Borrowings (other than debt securities) + Deposit + Subordinated liabilities)/ Total assets.
5. Net profit margin = Net profit after tax of Continuing operations! Total Income of Continuing operations
6. Capital ratio = Total Capital funds/ Risk weighted assets, calculated as per applicable RBI guidelines.
7. Gross NPA ratio (%) = Gross stage 3 loans /Gross Loans.
8. Net NPA ratio (%) = Net stage 3 loans/(Gross loans - ECL on stage 3 loans) where Net stage 3 loans = Gross stage 3 loans - ECL on stage 3
loans.
9. NPA Provision coverage ratio (%) = ECL on stage 3 loans/ Gross stage 3 loans.
10. Liquidity Coverage Ratio (LCR) is calculated as per circular no. RBI/2019-20/88DDR.NBFC.(PD) CC. No. 102/03.10.001/2019-20 dated
November 04, 2019 issued by the Reserve Bank of India.
11. NPA =Non-performing Assets.
SHRIRAM FINANCE LIMITED (formerly Shriram Transporl Finance Company Limiied)
Clb.r L651.912N1979PLC007874
Regd. Office: Sri Towers, 14A, Sarah Phase, Industrial BMWs, Quindy, Chennai —6110 032,Trimil Nadu.
Tel. No: +91 44 4952 4666, FM: +91 44 4852 5666, Website-wwwxbricanifinaneviii, email-sceretoriolif,shrimedinance.in
Annexure 2
4 4 4. 54131f the Sccurilirs and Exchan e Board of India (Lisline OhIiealians and Di Inman Reouiremeal 1 neat!! Minns 1015 (Rs. in crores)
A 0 C D E F G H I J K 1 L IMI N r-I0
Poriieulan Descripiian of Exclusive Exclusive Pali- Prism Pad-Posse Pori-Passii Assets not Elimination (Total Relaled to only Dose Hems revered by Ibis certilicale
asset for which Charge Charge Charge Charge Charge offered as (amount in C to I)
(Ids certlficsie Security negallvel
Male Debl for Other Debi for Assets Other asseis Debt amount Markel Carrying? hook AlarkEi Carrying Tnia) Value
which Iles Secured Debt which this shared by on which considered Value for value for Value far value/ book (K 4- L + NI
certilliewle rerillicaie prni-passu there is anti- more Ikon Assets exclusive pert-passe value for pari- + N)
being issued bring issued debl bolder prism charge once (due In charged on charge assets charge passe charge
(includes (excluding exclusive Exclusive where market Assess insets where
debt for Rents plus pari- basis value is nut market value
which ibis Covered in posse clinrge ascertainable is not
rertificate Is column F) or applicable ascertainable
other deb! Relallag _to Column F
Book Value Book Valor Yes/ No Doak Value Rook Value
ASSETS
Property, Plant and Freehold Land 11.16 - 162,10 862.34 1.05 .05
Equipment and Building
Cannel Work-in-Progress
Right of llse Assets ..

Goodtsill 1,4(16.73 1,406.73
Other Intangible Assets 969.66 969.66
• .
InInagible Avsels mider
Develop-mai
Investineins 9,232.41 9,232.41
Leans Loans I advances 36,450,66 1,25,1133.86 54,337,48 2,15,022,00 36,450.65 36,450.66
given Mel of
provisions, NPAs
and sell down
portfolio)
Inventories - - -
26,62 26.62 .
Trade Receivables
Cash and Cash Equivalents 4,243_94 4,243.94
Bank Balances other than - 6,585 47 6,585.47
Cash and Cash Equivalents
Others 50_40 19,664.53 18,714.93
36,501.22 1,25,033.86 - - - 96,329.02 - 2,57,854.10 1.115 36,450.66 .15,451.71
TOIIII
SHRIRAM FINANCE LIMITED (formerly Shrirant Transport Finance Company Limited)
CIN:165191TNI979PLC007874
Regd. Office: Sri Towers, 14A., South Phase, Industrial Estate, Grundy. Chennai — 6110 032, Tamil Nadu
Tel. No: +91 44 4852 4606, Fax: +91 44 4852 5666. Website-wwmshriromfinencein, ernalbsecrelarialkshriromfinurce.in
Arinextire 2
nirrmentsl Re illations 2015 (Rs in crams)
A ➢ C D E F G II I J 16 I L. I M I N I 0
Particulars Deseriplion of Exclusive Exclusive Peri- PinSU Pari-Passe Pari-Pasta Assets not Elimination (Total Related to only those Items covered by ibis certificate
asset for which Charge Charge Charge Charge Charge offered as (amount in C to 1)
relate Debt for Other Debi for Assets Other assets Debt amount rilerket Carrying/ book Markel Carrying Total Value
which this Secured Debt which this shared by on which considered Valise for value for Value for value/ hook Of + L -1- NI
certificate certificate pad-pasta there is pari- more than Assets exclusive pal-passe value for pari- + N)
being issued being issued debt holder pass. charge once (due lo charged on charge assets charge hams charge
(includes (minding exclusive Exclusive where market Assets assets where
debt for items plus pail- basis value Is not market value
which this Covered in posse charge ascertainable is not
certificate Is column F) or applicable ascertainable
issued sfi or applicable
other debt Relating to Column F
➢ook Value Book Value Yes/ No Rack Value Beek Value
LIABILITIES
Debt securities la mbicli 33,452,17 - Yes - 33052.17 -
this cedificatepolains
Other debt sharing part- - -
passo charge with above
debt
Other Debt 11.147.73 4,018_97 15,166.70 -
Subordinated debt 2,773.68 2,773,68 -
Borrowings 1,03,465.1 I 1,03,465.11
Bank -
Debt Securities - -
Others 47,494.01 47,494.01
Trade payables 2119.41 299.41 -
Lease Liabilities -
Provisions 311,94 318.94
Others 4,57)_47 4,573.47
Tidal 33,452.17 1,14,611.84 - - - 59,388.48 - 2,07,453.49 - -
1.1.19
Cover on Book Value
Exclusive 1.09 Pori-Passe -
Security Security
Nines.
I. We confirm Illei the Company has complied vilh the covenants mentioned in the disclosure documents of the Secured redeemable Non-convertible debeniures for the period ended fun 30, 2024.
2. The market value of Rs. 0.02 cram of the Freehold Land is on duo basis of certified valuation done on May 23, 2022.
3. The market valued Rs_ 1.02 crore of the Doitding is on the basis of certified ealuatiort done on April 2l , 2023
SEC/FILING/BSE-NSE/24-25/68A-B July 26, 2024
BSE Limited National Stock Exchange of India Limited

P. J. Towers, Listing Department
Dalai Street, Fort, Exchange Plaza, 5th Floor,
Mumbai — 400 001. Plot no. C/1, G- Block,
Scrip Code: 511218 Bandra-Kurla Complex,
Mumbai — 400 051.
NSE Symbol: SHRIRAMFIN
Dear Sirs,
Sub.: Regulation 52(7) and Regulation 52(7A) of SEBI (Listing Obligations and Disclosure
Requirements) Regulation 2015 - Utilization of issue proceeds of non-convertible securities and
Statement of deviation/ variation in use of Issue proceeds
Pursuant to Regulation 52(7) and Regulation 52(7A) of SEBI (Listing Obligations and Disclosure
Requirements) Regulation 2015, we are furnishing herewith following information for the quarter
ended June 30, 2024.
A. Statement of Utilization of Issue Proceeds:

Name of ISIN Mode of Type Date of Amount Funds Any If 8 is Yes, Remarks,
the Fund of raising Raised Utilized deviation then specify if any
Issuer Raising instru funds (Rs. in (Rs. in (Yes/ No) the purpose
(Public ment Crores) Crores) of for which
issues/ the funds
Private were utilized
placement)
1 2 3 4 5 6 7 8 9 10
Shriram 02nd
Pri vate
Finance 1NE721A07RVO NCD May, 175.00 175.00 No N.A. -
Placement
Limited 2024
Shriram 02 "
Finance Private 160.00 160.00
INE721A07RU2 NCD May, No N.A. -
Limited placement
2024
Shriram
INE721A07RN7 Private 8th May, 75.00 75.00
Finance NCD No N.A. -
Placement 2024
Limited
Shriram 22nd
Finance INE721A07RV0 Private May, 482.00 482.00
NCD No N.A. -
Limited Placement
2024
Shriram 22nd
Finance Private 422.10 422.10
INE721A07SBO NCD May, No N.A. -
Limited Placement
2024
Shriram Private 22nd
Finance INE721A07SA2 Placement NCD 596.00 596.00 No N.A. -
May,
Limited 2024
Shriram Private
INE721A07SC8 NCD 30th May, 250.00 250.00
Finance No N.A. -
Placement 2024
Limited

(Formerly known as Shriram Transport Finance Company Limited)
Corporate Office : Wockhardt Towers, Level - III, West Wing, C-2, G-Block, Bandra - Kurla Complex, Bandra (E), Mumbai - 400 051, Maharashtra. Ph: +91 22 4095 9595
Registered Office: Sri Towers, Plot No.14A, South Phase, Industrial Estate, Guindy, Chennai - 600 032. Tamil Nadu, India. Ph: +91 44 4852 4666
Website : www.shriramfinance.in I Corporate Identity Number (CIN) - L65191TN1979PLC007874
y'CA: .('`Y\ "•>?(Yx•-x/Y'C'

Name of ISM Mode of Type Date of Amount Funds Any If 8 is Yes, Remarks,
the Fund of raising Raised Utilized deviation then specify if any
Issuer Raising instru funds (Rs. in (Rs. in (Yes/ No) the purpose
(Public ment Crazes) Crores) of for which
issues/ the funds
Private were utilized
placement)
Shriram Private 10th June,
Finance 1NE721A07RVO NCD 150.00 150.00 No N.A. -
Placement 2024
Limited
Shriram Private 10th June,
Finance INE721A07SA2 NCD 100.00 100.00 No N.A. -
Placent 2024
Limited
Shriram 20th
Private
Finance INE721A08DH7 SD June, 100.00 100.00 No N.A. -
Placement
Limited 2024
Shriram
Private 25th Jun
Finance INE721A07RN7 NCD ' 75.00 75.00 No N.A. -
Placement 2024e
Limited
Shriram
Private 28th June
Finance INE721A07SD6 NCD , 705.00 705.00 No N.A. -
Placement 2024
Limited
Shriram
Private
Finance INE721A07RV0 NCD 28th June' 50.00 50.00 No N.A. -
Placement 2024
Limited

, - -
—•' - iC • • • X 'xi% `0,'
B. Statement of deviation/ variation in use of Issue proceeds
1. ISINT - 1NE721A07RVO:
Particulars Remarks
Name of listed entity Shriram Finance Limited
Mode of fund raising Private Placement
Type of instrument Non-convertible Securities
Date of raising funds 02" May, 2024;
22" May, 2024;
10th June, 2024;
28th June, 2024
Amount raised Rs. 175 crores;
Rs. 482 crores;
Rs. 150 crores;
Rs. 50 crores
Report filed for quarter ended 30th June, 2024
Is there a deviation/ variation in use of/ funds raised? No
Whether any approval is required to vary the objects of the No
issue stated in the prospectus/ offer document?
If yes, details of the approval so required? Not Applicable
Date of approval Not Applicable
Explanation for the deviation/ variation Not Applicable
Comments of the audit committee after review
Comments of the auditors, if any -
Objects for which funds have been raised and where there has been a deviation/ variation, in the following table:
Original object Modified Original Modified Funds Amount of Remarks,
object, if Allocation allocation, utilised deviation/ variation if any
any if any for the quarter
according to
applicable object
(in Rs. crore and in
%)
The proceeds thereof will No Rs. 175 Nil Rs. 175 Nil -
be utilized in accordance crores; crores;
with statutory and Its. 482 its. 482
regulatory requirements crores; crores;
(including requirements of Rs. 150 its. 150
RBI) and for financing of crores; crores;
all the asset classes, Rs. 50 Rs. 50
crores crores
refinancing of existing debt
and other general purposes
of the Company. The
proceeds of the issue will
not be utilized for funding
of new projects
Deviation could mean:
a. Deviation in the objects or purposes for which the funds have been raised
b. Deviation in the amount of funds actually utilized as against what was originally disclosed.

2. ISM - 1NE721A07RU2
Particulars Remarks
Date of raising funds 02nd May, 2024;
Amount raised Rs.160 Crore
Comments of the audit committee after review -
according to
applicable object
%)
The proceeds thereof will be No Rs.160 Nil Rs.160 Nil -
utilized in accordance with Crore Crore
statutory and regulatory
requirements (including
requirements of RBI) and
for fmancing of all the asset
classes, refmancing of
existing debt and other
general purposes of the
Company. The proceeds of
the issue will not be utilized
for funding of new projects.

3. ISM — INE721A07RN7:
Particulars Remarks
Date of raising funds 8th May, 2024;
25th June, 2024
Amount raised Its. 75 crore
Rs. 75 crore
according to
applicable object
%)
The proceeds thereof will be No Rs.75 Nil Rs.75 Nil -
utilized in accordance with Crore; Crore;
statutory and regulatory Rs. 75 Rs. 75
requirements (including crore crore
for financing of all the asset
classes, refinancing of


4. ISM — INE721A07SBO:
Particulars Remarks
Date of raising funds 22nd May, 2024
Amount raised Rs. 422.1 crore
Report filed for quarter ended 30* June, 2024
Objects for which funds have been raised and where there has been a deviation/ variaf on, in the following table:
according to
applicable object
%)
The proceeds thereof will be No Rs. 422.10 Nil Rs. Nil -
utilized in accordance with crore 422.10
statutory and regulatory crore


5. 151N — INE721A07SA2:
Particulars Remarks
Date of raising funds 22'May, 2024;
10th June, 2024
Amount raised Rs. 596 crore;
Rs. 100 crore
according to
applicable object
The proceeds thereof will be No Rs. 596 Nil Rs. 596 Nil -
utilized in accordance with crore; crore;
statutory and regulatory Rs. 100 Rs. 100
requirements (including crore crore

a. Deviation in the objects or purposes for which the fimds have been raised

siratiSSSIBItiSIZ:
6. ISM — INE721A07SC8:
Particulars Remarks
Date of raising funds 30th May, 2024
Amount raised Rs. 250 crore
according to
applicable object
%)
utilized in accordance with crore crore

c. Deviation in the objects or purposes for which the funds have been raised
d. Deviation in the amount of funds actually utilized as against what was originally disclosed.

Corporate Office : Wockhardt Towers, Level - III, West Wing, C-2, G-Block, Bandra - Kuria Complex, Bandra (E), Mumbai - 400 051, Maharashtra. Ph: +91 22 4095 9595
7. ISM — INE721A08DH7:
Particulars Remarks
Type of instrument Subordinated Debentures
Date of raising funds 20th June, 2024
according to
applicable object
%)
The proceeds hereof will be No Rs. 100 Nil Rs. 100 Nil -
utilised for augmenting the crore crore
Tier II Capital of the
Company in accordance
with statutory and
regulatory requirements
(including requirements of
RBI) and for financing of
all the asset classes, onward
lending, refinancing of
existing debt, meeting
working capital
requirement and other
Company as permitted by
RBI or under Applicable
Law.

8. ISM — INE721A07SD6:
Particulars Remarks
Date of raising funds 28th June, 2024
according to
applicable object
Vol
utilized in accordance with crore crore

e. Deviation in the objects or purposes for which the funds have been raised
f. Deviation in the amount of funds actually utilized as against what was originally disclosed.
Thanking you,
Yours faithfully,
Digitally signed by
PARAG PARAG SHARMA
Date: 2024.07.26
SHARMA 12:28:33 +05130'
Name of Signatory: Pang Sharma
Designation: Managing Director & CFO

Corporate Office : Wockhardt Towers, Level -18 West Wing, C-2, G-Block, Bandra - Kurla Complex, Bandra (E), Mumbai - 400 051, Maharashtra. Ph: +91 22 4095 9595
8. We conducted our examination of the statement on a test check basis in accordance with
Guidance Note on Reports or Certificates for Special Purposes (Revised 2016) issued by
es that
we comply with the ethical requirements of the Code of Ethics issued by the ICAI.
9. We have complied with the relevant applicable requirements of the Standard on Quality
Control (SQC) 1, Quality Control for Firms that Perform Audits and Reviews of Historical
Financial Information and Other Assurance and Related Services Engagements issued by
the ICAI.
Conclusion
10. Based on the procedures performed as referred to in paragraph 7 above and according to
the information and explanations provided to us by the Management of the Company,
nothing has come to our attention that causes us to believe that:
a. the Book Values as contained in the Statement of Security Cover have not been
accurately extracted and ascertained from the unaudited books of account of the
Company for the period ended and as at 30 June 2024 or that the computation thereof
is arithmetically inaccurate.
b. The Company, during the period ended 30 June 2024, has not complied, in all material
respects, with the financial covenants in respect of the NCDs of the Company
outstanding as at 30 June 2024 as mentioned in the statement.
Restriction on use
11. This certificate is issued for the purpose of submission by the Company to the National
stock exchange of India Limited, BSE Limited and its Debenture Trustees pursuant to the
SEBI Regulations and should not be used, referred to or distributed for any other purpose
or by any person other than the addressees of this report. Accordingly, we do not accept or
assume any liability or any duty of care for any other purpose or to any other person to
whom this certificate is shown or into whose hands it may come without our prior consent
in writing.
For Sundaram and Srinivasan

Chartered Accountants
Firm Registration No.: 004207S
P Menakshi Sundaram
Partner
M. No.: 217914
UDIN: 24217914BKBOWV4725
Place: Chennai
Date: 26 July 2024
SHRIRA(n! FINANCE LINIITED (formerly Shrirant Transport Finance Company Limited)
CIN: L651917N1979PL0007874
Regd. °Mee: Sri Toners, 14A, South Phase, Industrial Emus, Guindy,Chennai - 6110032, Tamil Nadu.
Tel. No. +91 44 4952 4666, Fax: +91 44 4852 5666. Website-wnwslinramfistance.in, email-secretarinliishnrondinancein
Standalone Security Cover cerlifirnte as pre Regulation 54(3) (the Securities and Eschonge Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
A B C n F. F G II I J K I L I M I 14 I 0
Particulars Description of Exclusive Exclusive Purl- Penis Purl-Passu Pari.Panu Assets not Elimination (Total Retitled to only those !Winn covered by this certificate
asset for which Charge Charge Charge Charge Charge offered as (amount in C tot)
relate Debt for Other Secured Debt for ASICIS Owed Other assets Debt amount Market Carrying, Market Carrying Turret VIIIIIC
which this Deht n bids this by pari-passu on ',shtick considered Value for hook value for Value for valued book (K + L + h1+
certifirale certificate debt holder there is pari- more than Ands enetotluc pari-pusau value for pod. N)
being Issued being IMICII (includes passu charge once (due to charged on charge assets charge Assets passe charge
debt for (minding exclusive plus Exclusive where market assets Where
which Ibis hems pan- posse basis value is nal market value
certificate is Covered is charge ascertainable is not
issued & column 1() or applicable ascertainable
other debt or applicable
with purl-
puma charge)
Relating I Collins., P
Book Volt: Book Value Yes/ No Book Value Book Value
ASSETS
FroPeen., Plant and Freehold Lead and 0.16 - - 862.19 - 962.34 1.115 - - 1.05
Equipment Budding
Capital Work-in-Progress - - - - • - - -
Right of Usc Assets - - - - - - - -
Goodwill - - 1,406,73 1,406.73 - -
Other Intangible Assets - - 969.66 - 969.66 - -
Intangible Assets under - - - - - - • - -
Development
Investments - - 9,053.11 - 9,953.11 - - -
Loans Loans I advances 35.021.62 115,536.19 - - 65,264.19 - 215,81100 35,021.62 - 35,621.62
given (nal of
provisions, NPAs
and sell down
portfolio)
Inventories - • • - - - - - .
Trade Receivables - - - 26.62 26.62 - - - - -
Casts nod Cosh Equisnlenis - - - 4,243.94 4,743.94 - • - -
Bank Balances other dean • - - 6,585.47 6,585.47 - - - -
Cash and Cosh Equivalents
Others - - 6,327.04 6,327.04 - • - - -
Total 35,021.78 115,536.19 94,738.94 - 245,296.91 1.05 35,021.62 - 35,02167
SIIRIRANI FINANCE LIMITED (formerly Shriram Tranaport Finance Company Limited)
CIN: L65191TN.1979PLC007874
Regd. Office: Sri Towers, 14A, South Phase, Industrial Estate, Cinindy, Chum — 600 032, Timid Nadu.
Tel. No: -491 44 4852 4666, Faa: +91 44 4452 5060. Wcbsite.www.shriransfinance.in, emeil.secretarialtshrirainfinonee.in
Standalone Security Caner certificate as per Regulation 54(3) of the Securities and Exchange Board of hullo (Listing Obligations and Disclosure Requirements) Regulations, 2015
A B C B E F G II I J K I L I 91 I N I 0
Particulars Description of Exclusive Exclusive Part- Palm Pent-Passu Pari.Passu Assets not Elimination (Total Related to only those Items covered by dill certificate
tassel for which Charge Charge Charge Charge Charge offered as (nntaunt In C to II
this certifirate Security negative)
relate Debt for Other Secured Debt for Muds shared Other assets Dela amount Morkot Currying/ Market Currying Total Value
a hid this Debt which this by part-passu on which considered Value for book value for Value for valuer hook (K -1- L r- al 1.
certificate certificate debt holder there is part- mare than Assets eselusive pafi-passu value for part N)
lining issued king issued (includes passe charge once (slue to charged us charge assets charge Assets passe charge
debt for (excluding mclusive plus Exclusive where ronacl assets where
which this firms pad- passu basis value Is not market value
certificate Is Covered In charge ascertainable is not
issued & column F1 or applicable ascertainable
other debt or applicable
with ',mi-
mosa charge)
Relating Iti Column P

Book Value Book Value Vest No Book Value Book Value
LIABILITIES
Debt securities to which Psis 32,124 13 - Yes - 32,124.13 -
certificate pertains
Other debt sharing peri•passe - - - - - -
charge with those debt
Other Debi 11,147.73 - - - 3,382.78 - 14,530.51 - - -
Subordinated debt - 2,627.17 - 2,627.17 - • -
Borrowings 94,969.70 • - • - 94,969.70 - - -
Bonk - - • - - - - - - -
Debt Securities - • - - - - -
Deposits - - - 47,494.111 - 47,494.01 - -
Trade payables - - 209.41 209.41
Lease Liabilities • - - - - -
Provisions • - 318.94 - 319.94 -
Others 2,463.47 - 2,403.47 - - -
Total 32,12-1.13 100,117.43 - - - 56,495.711 194,737,34 -
Cover on Book Value 1.09
Exclusive I09 Pori-Posso -
Security Security
Notes:
L We confirm that the Company has complied wilt dos covenants mentioned in the disclosure doe meats or the S cured redeem blo non-convertible debentures for the period oiled June 30, 21124.
2. The snorkel value of Rs. 0.112 more of the Freehold Land is on the basis or certified valuation do a on May 23, 21122.
3. The market value of Rs. 1.02 cram of the Building is on the basis of certified valuation done on April 21, 2023.
Place. klumbai Managing Dace CEO

Date- July 26, 21124 DIN: 60552338
Friday, 26th July, 2024, Mumbai : The Board Meeting of Shriram Finance Limited (SFL) (Formerly known as
Shriram Transport Finance Company Limited (STFC)) was held today to consider the unaudited financial results
for the first quarter ended 30th June, 2024.
Financials (Standalone) :
First quarter ended 30th June, 2024 :
The Net Interest Income for the first quarter ended 30th June, 2024 increased by 20.63% and stood at Rs.
5,354.47 crores as against Rs. 4,438.68 crores in the same period of the previous year. The profit after tax
increased by 18.21% and stands at Rs. 1,980.59 crores as against Rs. 1,675.44 crores recorded in the same
period of the previous year. The earning per share (basic) increased by 17.82% and stands at Rs. 52.70 as
against Rs. 44.73 recorded in the same period of the previous year.
Assets under Management :

Total Assets under Management as on 30th June, 2024 increased by 20.82% and stood at Rs. 233,443.63 crores
as compared to Rs. 193,214.67 crores as on 30th June, 2023 and Rs. 224,861.98 crores as on 31st March,
2024.
Financials (Consolidated) :
First quarter ended 30th June, 2024 :
The Board of Directors of the Company in its meeting held on May 13, 2024 had approved the proposal for
disinvestment of the Company’s entire stake in Shriram Housing Finance Limited, a debt-listed non-material
subsidiary of the Company and in this regard, the Company has entered into the share purchase agreement,
inter-alia, with Mango Crest Investment Ltd (an affiliate of Warburg Pincus).The Company's investment in
Shriram Housing Finance Limited has been classified as Assets Held for sale and disclosed as discontinued
operations in the financial results.
Consolidated profit after tax increased by 18.60% and stands at Rs. 2,030.64 crores as against Rs. 1,712.19
crores recorded in the same period of the previous year. Consolidated EPS (basic) increased by 18.21% and
stands at Rs. 53.82 as compared to Rs. 45.53 recorded in the same period of the previous year .
Contd ……2/-
(2)
About Shriram Finance Limited.

Shriram Finance Limited is the flagship company of the Shriram group which has significant presence in
Consumer Finance, Life Insurance, General Insurance, Housing Finance, Stock Broking and Distribution
businesses. Shriram Finance Limited is one of India’s largest retail asset financing Non-Banking Finance
Companies (NBFC) with Assets under Management (AUM) above Rs. 2.33 trillion. Established in 1979, Shriram
Finance is a holistic finance provider catering to the needs of Small Road Transport Operators and small
business owners and is a leader in organised financing of pre-owned commercial vehicles and two wheelers. It
has vertically integrated business model and offers financing number of products which include passenger
commercial vehicles, loans to micro and small and medium enterprises (MSMEs), tractors & farm equipment,
gold, personal loans and working capital loans etc. Over last 45 years, it has developed strong competencies
in the areas of loan origination, valuation of pre-owned commercial vehicles and other assets, and collections. It
has a pan India presence with network of 3,095 branches and an employee strength of 75,813 servicing to
87.14 lakhs of customers.
For Further information, please contact:
Sanjay K. Mundra
+91 22 40959507
smundra@shriramfinance.in
On a journey to
become the
most preferred
Financial
Services
destination
Q1 FY25 Investor Update

July 26, 2024
Company Updates
 SFL & Valiant Partners LP (“Valiant”) have entered into a Share Purchase Agreement to sell their stakes
in Shriram Housing Finance Limited (“SHFL”) to Warburg Pincus (“Warburg”) for a total deal value of
Rs.4,630 Cr for the equity and convertible instruments of SHFL.
 The deal is expected to get the regulatory approval by the end of 3rd quarter of the current
financial year.
 SFL will receive Rs.3,900 cr from the sale of its investment in the Subsidiary, resulting in an
increase in CRAR by around 80 bps.
2
Performance Highlights
3
Performance Highlights – Q1 FY25 vs Q1 FY24
Q1 FY25 Rs. 96,097.1 mn

Total Income 20.00 %
Q1 FY24 Rs. 80,080.1 mn
Q1 FY25 Rs 53,544.7 mn
Net Interest Income** 20.63 % Q1 FY24 Rs. 44,386.8 mn
**including Net Direct assignment Income

Rs. 313.10 mn (Q1 FY24 Rs. 757.70 mn)
Q1 FY25 Rs 19,805.9 mn
PAT 18.21 % Q1 FY24 Rs. 16,754.4 mn
Q1 FY25 Rs. 52.70
EPS 17.82 % Q1 FY24 Rs. 44.73
4
Performance Highlights – Q1 FY25 vs Q1 FY24
Q1 FY25 Rs. 2,334,436.3 mn

AUM 20.82 % Q1 FY24 Rs 1,932,146.7 mn
Q1 FY25 Rs 124,077.5 mn
Gross Stage 3 Assets 7.81 % Q1 FY24 Rs 115,088.8 mn
Q1 FY25 Rs 60,617.9 mn
Net Stage 3 Assets 10.99 % Q1 FY24 Rs 54,613.5 mn
Q1 FY25 Rs. 1,344.99

Book Value 12.22 % Q1 FY24 Rs 1,198.55
5
Assets under Management (AUM),
Provision Analysis and Geographical Distribution
6
AUM Break-up
Particulars (Rs. mn) Q1 FY25 Q4 FY24 Q1 FY24 YoY (%) QoQ (%)
Loan Portfolio
- On Books
Balance sheet assets 2,026,948.8 1,942,207.2 1,677,638.4 20.82% 4.36%
Securitised assets 275,513.2 274,469.4 229,580.5 20.01% 0.38%
Total On books 2,302,462.0 2,216,676.6 1,907,218.9 20.72% 3.87%
- Off Books** 31,974.3 31,943.2 24,927.8 28.27% 0.10%
Total AUM 2,334,436.3 2,248,619.8 1,932,146.7 20.82% 3.82%
**Off Books pertains to Direct assignment portfolio.
7
Segment-wise AUM Break-up
Product Q1 FY25 Q4 FY24 Q1 FY24 YoY (%) QoQ (%)
(Rs. mn) Amt % Amt % Amt %
Commercial Vehicles 1,096,791.8 46.98% 1,069,351.1 47.56% 959,047.4 49.64% 14.36% 2.57%
Passenger Vehicles 459,822.5 19.70% 431,962.2 19.21% 362,919.7 18.78% 26.70% 6.45%
Construction Equipments 170,409.9 7.30% 169,539.6 7.54% 146,261.5 7.57% 16.51% 0.51%
Farm Equipments 39,822.0 1.71% 37,152.7 1.66% 34,191.2 1.77% 16.47% 7.18%
MSME 288,023.8 12.34% 262,269.9 11.66% 200,448.0 10.37% 43.69% 9.82%
Two Wheelers 129,090.5 5.53% 125,523.5 5.58% 100,234.6 5.19% 28.79% 2.84%
Gold 61,225.1 2.62% 62,998.0 2.80% 49,847.7 2.58% 22.82% -2.81%
Personal Loans 89,250.7 3.82% 89,822.8 3.99% 79,196.5 4.10% 12.70% -0.64%
Total AUM 2,334,436.3 100.00% 2,248,619.8 100.00% 1,932,146.6 100.00% 20.82% 3.82%
8
Provision Analysis
Gross Stage 3 124,077.5 120,811.5 115,088.8 7.81% 2.70%
ECL provision-Stage 3 63,459.6 62,567.1 60,475.3 4.93% 1.43%
Net Stage 3 60,617.9 58,244.4 54,613.5 10.99% 4.08%
Gross Stage 3 (%) 5.39% 5.45% 6.03% -10.70% -1.12%
Net Stage 3 (%) 2.71% 2.70% 2.96% -8.45% 0.13%
Coverage Ratio (%) Stage 3 51.15% 51.79% 52.55% -2.67% -1.24%
Gross Stage 2 153,316.7 150,066.8 149,643.8 2.45% 2.17%
Net Stage 2 141,730.8 138,991.7 139,178.9 1.83% 1.97%
Gross Stage 2 (%) 6.66% 6.77% 7.85% -15.13% -1.64%
Gross Stage 1 2,025,067.8 1,945,798.3 1,642,486.1 23.29% 4.07%
Net Stage 1 1,955,871.1 1,882,058.0 1,594,669.0 22.65% 3.92%
Gross Stage 1 (%) 87.95% 87.78% 86.12% 2.13% 0.20%
ECL provision (%) Stage 1 3.42% 3.28% 2.91% 17.37% 4.31% 9
Product wise Provision Analysis – June’24
Commercial Passenger Construction Farm Personal
Particulars (Rs. mn) Total
Vehicles Vehicles Equipment Equipment MSME Two Wheeler Gold Loan Loans
Gross Stage 3 63,346.9 23,791.2 10,492.7 3,475.4 13,725.6 3,995.6 1,189.5 4,060.6 124,077.5
ECL provision-Stage 3 33,185.8 11,458.9 5,169.6 1,503.0 7,872.8 1,945.3 88.5 2,235.7 63,459.6
Net Stage 3 30,161.1 12,332.3 5,323.1 1,972.4 5,852.8 2,050.3 1,101.0 1,824.9 60,617.9
Gross Stage 3 (%) 5.85% 5.27% 6.24% 8.93% 4.86% 3.10% 1.94% 4.55% 5.39%
Net Stage 3 (%) 2.88% 2.80% 3.26% 5.27% 2.13% 1.61% 1.80% 2.10% 2.71%
Coverage Ratio (%) Stage 3 52.39% 48.16% 49.27% 43.25% 57.36% 48.69% 7.44% 55.06% 51.15%
Gross Stage 2 70,889.2 28,333.2 11,175.6 3,771.9 20,194.9 7,312.5 4,734.1 6,905.3 153,316.7
ECL provision-Stage 2 5,400.9 2,316.0 977.2 368.6 1,570.6 374.4 22.4 555.8 11,585.9
Net Stage 2 65,488.3 26,017.2 10,198.4 3,403.3 18,624.3 6,938.1 4,711.7 6,349.5 141,730.8
Gross Stage 2 (%) 6.55% 6.28% 6.64% 9.69% 7.15% 5.66% 7.73% 7.74% 6.66%
ECL provision (%) Stage 2 7.62% 8.17% 8.74% 9.77% 7.78% 5.12% 0.47% 8.05% 7.56%
Gross Stage 1 947,862.1 399,190.2 146,564.1 31,661.9 248,420.8 117,782.4 55,301.5 78,284.8 2,025,067.8
ECL provision-Stage 1 29,138.8 13,309.6 5,200.1 1,489.3 10,415.3 4,032.6 261.7 5,349.3 69,196.7
Net Stage 1 918,723.3 385,880.6 141,364.0 30,172.6 238,005.5 113,749.8 55,039.8 72,935.5 1,955,871.1
Gross Stage 1 (%) 87.59% 88.45% 87.12% 81.37% 87.99% 91.24% 90.32% 87.71% 87.95%
ECL provision (%) Stage 1 3.07% 3.33% 3.55% 4.70% 4.19% 3.42% 0.47% 6.83% 3.42%
10
Geographical Units (GU) Urban Semi-urban Rural Total
Branches
GU1
Puducherry 3 5 6 14
Tamil Nadu 73 201 463 737
GU1 Total 76 206 469 751
GU2
Andhra Pradesh 30 116 158 304
Odisha 2 21 29 52
Telangana 47 57 102 206
GU2 Total 79 194 289 562
GU3
Bihar 16 39 37 92
Goa - 1 2 3
Jharkhand 13 16 11 40
Maharashtra 53 80 148 281
Uttar Pradesh 33 89 54 176
Uttarakhand - 10 8 18
GU3 Total 115 235 260 610
11
Branches
GU4
Dadra and Nagar Haveli - - 1 1
Delhi 17 3 - 20
Gujarat 22 53 39 114
Haryana 3 42 22 67
Himachal Pradesh - 4 35 39
Jammu and Kashmir 1 4 11 16
Madhya Pradesh 21 60 108 189
Punjab 9 35 25 69
Chandigarh 4 - - 4
Rajasthan 14 53 68 135
GU4 Total 91 254 309 654
Branches
GU5
Assam 2 10 18 30
Chhattisgarh 5 15 51 71
Karnataka 25 65 133 223
Kerala 5 22 89 116
Manipur - 1 - 1
Meghalaya - 1 - 1
Sikkim - 1 2 3
Tripura - 2 2 4
West Bengal 17 26 26 69
GU5 Total 54 143 321 518
Grand Total 415 1,032 1,648 3,095
Branch Offices Customers Employees Business Team Rural Centres 12

Branch & AUM distribution – Q1 FY25 vs Q1 FY24
Branch (Nos) Urban, Rural, AUM (Rs in bn) Urban, Rural,
415 1,648 346.7 1,176.4
Q1 FY25
Q1 FY25
Semi-
Urban, Semi-Urban,
1,032 811.3
Total Branch 3,095 Total AUM
Urban, Rural, Rs 2,334.4 bn Urban, Rural,
394 1,526 287.9 955.3
Q1 FY24
Q1 FY24
Semi-
Total Branch 2,930 Urban, Semi-
Total AUM
1,010 Rs. 1,932.2 bn Urban,
Urban branches represents places where population in more than 10 Lakh 689.0 13
Semi-urban branches represents places where population in between 1 Lakh to 10 Lakh
Rural branches represents places where population in less than 1 Lakh
Shriram One App Summary
Date : As on date*
54,00,321
Total Installations
BBPS UPI FD Lending
Overview Overview Overview
Overview
TXNs Value TXNs Value Issued Value
Disbursals Value
869 k 3020 mn 3247 k 2850 mn 7.4 k 1250 mn 1.7 k 234 mn
54,00,321 46,47,117
19,44,513
7,79,505 13,12,659 10,38,507
2,74,152
Installs Onboarded UPI Register 1st UPI Payment Lending Leads Business Needs Personal Needs
Onboarded UPI UPI 1st UPI 1st UPI Lending Business Personal
Period Installs Onboarded
% Register Register % Payment Payment % Leads Needs Needs
*Upto 24 July 2024 5,400,321 4,647,117 86.05% 1,944,513 41.84% 779,505 40.09% 1,312,659 274,152 1,038,507
14
Financial Statements
15
P&L Statement
Particulars (Rs. mn) Q1 FY25 Q4 FY24 Q1 FY24 YoY (%) QoQ (%) FY24
Interest income 95,210.1 93,714.1 79,566.7 19.66% 1.60% 346,524.6
Interest expended 41,665.4 40,353.5 35,179.9 18.44% 3.25% 149,656.1
Net interest income 53,544.7 53,360.6 44,386.8 20.63% 0.35% 196,868.5
Staff cost 8,683.5 8,249.1 7,903.9 9.86% 5.27% 32,155.9
Other Operating expenditure 7,060.7 7,291.8 5,713.2 23.59% -3.17% 26,070.1
Operating expenditure 15,744.2 15,540.9 13,617.1 15.62% 1.31% 58,226.0
Core operating profit 37,800.5 37,819.7 30,769.7 22.85% -0.05% 138,642.5
Other income 740.9 1,236.3 492.6 50.41% -40.07% 3,377.3
Operating profit 38,541.4 39,056.0 31,262.3 23.28% -1.32% 142,019.8
Loan Losses & Provisions 11,875.5 12,614.8 8,786.1 35.16% -5.86% 45,183.4
Profit before tax 26,665.9 26,441.2 22,476.2 18.64% 0.85% 96,836.4
Tax Expense 6,860.0 6,982.5 5,721.8 19.89% -1.75% 24,931.6
Profit after tax 19,805.9 19,458.7 16,754.4 18.21% 1.78% 71,904.8
Other comprehensive Income (Net) 79.6 (589.6) (767.7) -110.37% -113.50% (881.0)
Total Comprehensive Income 19,885.5 18,869.1 15,986.7 24.39% 5.39% 71,023.8
EPS (Rs) 52.70 51.79 44.73 17.82% 1.76% 191.63 16
Summarised Balance Sheet
Particulars (Rs. mn) Jun-24 Mar-24 Jun-23 YoY(%) QoQ (%)
I. Assets
Financial Assets
a) Cash and bank balances 108,294.1 108,126.4 150,044.0 -27.83% 0.16%
b) Loans 2,158,220.0 2,079,294.1 1,788,461.9 20.67% 3.80%
c) Investments 90,531.1 106,566.4 83,339.3 8.63% -15.05%
d) Other-financial assets 5,618.9 7,833.1 9,429.8 -40.41% -28.27%
Non-financial assets
a) Goodwill 14,067.3 14,067.3 14,067.3 0.00% 0.00%
b) Other non-financial assets 60,615.3 56,872.8 49,658.5 22.06% 6.58%
c) Assets held for Sale 15,622.4 - - - -
Total Assets 2,452,969.1 2,372,760.1 2,095,000.8 17.09% 3.38%
II. Liabilities and Equity

Financial Liabilities
a) Debts 1,917,455.2 1,858,411.4 1,619,465.6 18.40% 3.18%
b) Other financial liabilities 18,980.0 20,651.8 19,433.7 -2.33% -8.10%
Non-financial Liabilities 10,938.2 8,013.0 6,839.7 59.92% 36.51%
Total Equity 505,595.7 485,683.9 449,261.8 12.54% 4.10%
Total Liabilities and Equity 2,452,969.1 2,372,760.1 2,095,000.8 17.09% 3.38%
17
Key Metrics – Q1 FY25
P&L Metrics (Rs. mn) Q1 FY25 Q4 FY24 Q1 FY24 YoY (%) QoQ (%) FY24
Interest Income 95,210.1 93,714.1 79,566.7 19.66% 1.60% 346,524.6
Less: Interest Expenses 41,665.4 40,353.5 35,179.9 18.44% 3.25% 149,656.1
Net Interest Income 53,544.7 53,360.6 44,386.8 20.63% 0.35% 196,868.5
Other Operating Income & Other Income 740.9 1,236.3 492.6 50.41% -40.07% 3,377.3
Profit After Tax 19,805.9 19,458.7 16,754.4 18.21% 1.78% 7,190.5
EPS (Rs.) 52.70 51.79 44.73 17.82% 1.76% 191.63
Cost to income Ratio (%) 27.45% 26.61% 28.85% -4.85% 3.16% 27.40%
NIM 8.79% 9.02% 8.33% 5.52% -2.55% 8.84%
18
Key Metrics – Q1 FY25 (Contd.)
Balance Sheet Metrics (Rs. mn) Q1 FY25 Q4 FY24 Q1 FY24 YoY (%) QoQ (%) FY24
Networth 504,550.00 484,638.20 448,216.10 12.57% 4.11% 484,638.20
Book Value (Rs.) 1,344.99 1,292.42 1,198.55 12.22% 4.07% 1,292.42
Interest Coverage (x) 2.30 2.35 2.28 0.88% -2.13% 2.34
ROA (%) 3.12% 3.19% 3.10% 0.65% -2.19% 3.13%
ROE (%) 16.03% 16.37% 15.27% 4.98% -2.08% 15.64%
Tier I CRAR % 19.47% 19.55% 21.27% -8.46% -0.41% 19.55%
Tier II CRAR % 0.82% 0.75% 1.13% -27.43% 9.33% 0.75%
Total CRAR % 20.29% 20.30% 22.40% -9.42% -0.05% 20.30%
19
Borrowing Profile
20
Borrowing Profile
Q1 FY25 Q4 FY24 Q1 FY23
Product
Amt in bn % Amt in bn % Amt in bn %
Commercial Paper 33.8 1.76% 23.7 1.28% 10.6 0.66%
Non-Convertible Debentures 321.2 16.75% 316.3 17.02% 287.2 17.73%
Public Deposit 474.9 24.77% 444.4 23.92% 386.5 23.87%
Securitisation 290.6 15.16% 291.4 15.68% 241.8 14.93%
Subordinated debts 26.3 1.37% 43.0 2.31% 44.2 2.73%
Term Loan 474.9 24.77% 456.4 24.56% 393.7 24.31%
External Commercial Bond 111.5 5.81% 109.5 5.89% 126.4 7.80%
ECB Loans 159.0 8.29% 144.7 7.78% 112.5 6.95%
Other Borrowing 25.2 1.32% 29.0 1.57% 16.4 1.01%
Total 1,917.5 100.00% 1,858.4 100.00% 1,619.5 100.00%
21
ALM Statement as on June 30, 2024
Over one Over 2 Over 3 Over 6 Over one
Over 3 to
Particulars (Rs. mn) One month month to 2 months to 3 months to months to year to 3 Over 5 years Total
5 years
months months 6 months one year years
Total Outflows 103,145.00 46,806.90 90,914.50 149,597.70 219,210.80 891,172.60 330,418.00 643,015.40 2,474,280.90
Total Inflows 147,023.30 109,600.70 92,829.00 265,362.20 437,857.50 988,099.20 248,693.10 163,436.90 2,452,901.90
Mismatch or Surplus/(Deficit) 43,878.30 62,793.80 1,914.50 115,764.50 218,646.70 96,926.60 (81,724.90) (479,578.50) (21,379.00)
Cum. Mismatch or Surplus/(Deficit) 43,878.30 106,672.10 108,586.60 224,351.10 442,997.80 539,924.40 458,199.50 (21,379.00)
Liquidity Coverage Ratio was 255.19 % as on June 30, 2024 .
22
Shareholding
23
Shareholding Pattern as on June 30, 2024 vs June 30, 2023
No. of shares outstanding: 375.91 mn No. of shares outstanding: 374.84 mn
Public ,
Other Public Other 4.32%
4.85% Corporate Promoters
Corporate
Body , &
Body ,
0.25% Promoters
0.34% Promoters & group*,
Promoters 25.48%
MF/Bank/In group*, MF/Bank/Ins
surance , 25.41% urance ,
13.85% 14.44%
Q1 FY25 Q1 FY24
NRI, 0.16% NRI,

0.12%
FII & FPI , FII & FPI ,
55.39% 55.39%
Details of Promoters/Promoter Group* Holding (%) Details of Promoters/Promoter Group* Holding (%)
Shriram Capital Private Limited 17.86% Shriram Capital Private Limited 17.91%
(Formerly Shriram Financial Ventures (Chennai) Private Limited) (Formerly Shriram Financial Ventures (Chennai) Private Limited)
Shriram Value Services Limited 7.12% Shriram Value Services Limited 3.47%
Shriram Ownership Trust 0.02% Shriram Ownership Trust 2.09%
Sanlam Life Insurance Limited 0.41% Sanlam Life Insurance Limited 2.01%
Total 25.41% Total 25.48%
24
List of Key Shareholders as on June 30, 2024
Key Shareholders Shareholding As %
on June 30, 2024
(mn Shares)
Promoter and Promoter Group 95.5 25.41
Government Of Singapore 25.1 6.67
Kotak Mahindra Trustee Co. Ltd (under different sub accounts) 5.8 1.54
Aditya Birla Sun Life Trustee Private Limited (under different sub accounts) 5.7 1.53
New World Fund Inc 5.5 1.47
SBI S&P BSE 100 ETF 5.5 1.45
Government Pension Fund Global 5.0 1.33
Monetary Authority of Singapore (under different sub accounts) 4.7 1.26
Kotak Funds - India Midcap Fund 4.6 1.22
Public and Others 218.5 58.12
Total 375.9 100.00
25
 Consistent track record and high growth potential has attracted reputed institutional and private equity investors to infuse
growth capital
 Details of last Equity fund raising :
1. On November 25, 2021, allotted 1.736 mn equity shares of face value of Rs. 10/- each aggregating to Rs. 2.5 bn to
Shriram Capital Limited, Promoter of the Company for conversion of warrants at a price of Rs. 1,440/- per equity
Share (including a premium of Rs. 1,430/- per equity share) on receipt of balance subscription money of Rs. 1.9 bn for
allotment of 1,736,100 Warrants convertible into Equity Shares at Rs. 1.080/- per Warrant, being 75% of the Issue price
of Rs. 1,440/- of the Warrants. The entire proceeds have been utilised for the objects of the Preferential Issue. Pursuant
to allotment of the Equity Shares in the Preferential Issue, the paid-up share capital of the Company stood increased on
November 25, 2021 from Rs. 2,687,836,130/- to Rs. 2,705,197,130/- comprising of 270,519,713 equity shares of face
value of Rs. 10/- each.
2. On July 8, 2021, allotted 1.736 mn equity shares of face value of Rs. 10/- each aggregating to Rs. 2.5 bn on a
preferential basis to Shriram Capital Limited, Promoter of the Company (Preferential Issue) for cash at a price of Rs.
1,440/- per equity Share (including a premium of Rs. 1,430/- per equity share). Further the Company allotted 1.736 mn
warrants convertible into equity shares of face value of Rs. 10/- each aggregating to Rs. 2.5 bn on a preferential basis to
Shriram Capital Limited, for cash at a price of Rs. 1,440/- per equity share (including a premium of Rs. 1,430/- per
equity share) and had received the warrant subscription money of Rs. 0.62 bn, being 25% of the Issue price i.e. Rs.
360/- per Warrant.
3. On June 12, 2021, allotted 13.986 mn equity shares of face value of Rs. 10/- each aggregating to Rs. 19.99 bn to the
eligible Qualified Institutional Buyers (QIB) for cash at a price of Rs. 1,430/- per equity share (including a premium of
Rs. 1,420/- per equity share).
26
Subsidiary
For any Investor Relations

Shriram Housing Finance Limited
queries please contact
(SHFL)
27
AUM Break-up
Loan Portfolio
- On Books
Balance sheet assets 100,253.5 99,575.2 73,901.7 35.66% 0.68%
Securitised assets 11,704.1 8,845.1 6,027.3 94.18% 32.32%
Total On books 111,957.6 108,420.3 79,929.0 40.07% 3.26%
- Off Books* 32,015.4 29,196.5 15,464.7 107.02% 9.66%
Total AUM 143,973.00 137,616.8 95,393.7 50.93% 4.62%
*Off Books pertains to Direct assignment portfolio & Colending
28
Assets under Management
Segment (Rs. mn) Q1 FY25 Q4 FY24 Q1 FY24 YoY (%) QoQ (%)
HL 79,130.2 74,593.6 54,611.4 44.90% 6.08%

LAP 52,778.2 51,114.0 32,107.5 64.38% 3.26%
MLAP 692.7 574.9 1.7 39648.15% 20.47%
Top up 7,073.7 6,880.0 4,619.4 53.13% 2.82%
CF 3,624.7 3,708.9 3,238.2 11.94% -2.27%
CL 673.5 745.4 815.4 -17.41% -9.65%
Total AUM 143,973.0 137,616.8 95,393.7 50.93% 4.62%
29
P & L Statement
Particulars (Rs. mn) Q1 FY25 Q4 FY24 Q1 FY24 YoY (%) QoQ (%) FY24
Interest Income 3,522.3 3,079.8 2,310.6 52.44% 14.37% 11,124.3

Interest Expended 2,323.2 2,119.6 1,457.9 59.35% 9.60% 7,301.4
Net Interest Income 1,199.1 960.2 852.7 40.63% 24.88% 3,822.9
Other Operating Income 814.5 978.0 645.3 26.22% -16.72% 3,166.2
Operating Income 2,013.6 1,938.2 1,498.0 34.42% 3.89% 6,989.1
Operating Expenditure 1,202.8 1,063.4 797.9 50.73% 13.11% 3,751.2
Core Operating Profit 810.8 874.8 700.1 15.81% -7.31% 3,237.9
Other Income 1.0 -1.0 0.9 3.82% -192.71% 5.1
Operating Profit 811.8 873.8 701.0 15.81% -7.10% 3,243.0
Loan Losses & Provisions 169.7 35.4 95.7 77.23% 379.65% 339.9
Profit Before Tax 642.1 838.4 605.3 6.08% -23.41% 2,903.1
Tax Expense 159.0 217.9 148.9 6.80% -27.02% 728.8
Profit After Tax 483.1 620.5 456.4 5.85% -22.15% 2,174.3
Other Comprehensive Income (Net) -14.4 -9.3 -2.7 431.91% 53.88% -0.7
Total Comprehensive Income 468.7 611.2 453.7 3.31% -23.31% 2,173.6
EPS (Rs) 1.34 1.89 1.40 -4.28% -29.09% 6.62 30
Summarized Balance Sheet
Particulars (Rs. mn) Jun-24 Mar-24 Jun-23 YoY (%) QoQ (%)
I. Assets
Financial Assets
a) Cash and Bank Balance 2,882.0 3,601.6 3,387.8 -14.93% -19.98%
b) Loans 111,157.2 107,662.0 79,328.1 40.12% 3.25%
c) Investments 9,159.3 1,993.3 4,258.5 115.09% 359.50%
d) Other Financial Assets 3,327.3 3,099.6 2,069.4 60.79% 7.35%
-
Non Financial Assets 2,689.5 2,229.3 1,509.7 78.15% 20.64%
Total 129,215.4 118,585.9 90,553.5 42.70% 8.96%
a) Debt Securities 106,061.4 96,549.5 75,367.6 40.73% 9.85%
b) Other financial liabilities 2,804.2 2,203.7 1,269.4 120.91% 27.25%
Non-Financial Liabilities 637.8 595.4 463.9 37.49% 7.11%

Total Equity 19,712.0 19,237.3 13,452.6 46.53% 2.47%
-
Total Liabilities and Equity 129,215.4 118,585.9 90,553.5 42.70% 8.96% 31
Provision Analysis
Gross Stage 3 1,393.4 1,113.9 798.0 74.61% 25.10%

ECL provision-Stage 3 348.4 253.0 197.5 76.39% 37.70%
Net Stage 3 1,045.0 860.9 600.5 74.02% 21.39%
Gross Stage 3 (%) 1.24% 1.03% 1.00% 24.66% 21.14%
Net Stage 3 (%) 0.94% 0.79% 0.75% 24.32% 18.52%
Coverage Ratio (%) Stage 3 25.00% 22.72% 24.75% 1.02% 10.07%
Gross Stage 2 1,590.2 1,506.9 1,020.9 55.77% 5.53%
ECL provision-Stage 2 98.4 155.0 35.4 177.72% -36.51%
Net Stage 2 1,491.8 1,351.9 985.5 51.37% 10.35%
Gross Stage 2 (%) 1.42% 1.39% 1.28% 11.21% 2.20%
ECL provision (%) Stage 2 6.19% 10.29% 3.47% 78.29% -39.83%
Gross Stage 1 108,974.0 105,799.5 78,110.2 39.51% 3.00%
ECL provision-Stage 1 353.6 350.2 368.1 -3.94% 0.99%
Net Stage 1 108,620.4 105,449.3 77,742.1 39.72% 3.01%
Gross Stage 1 (%) 97.34% 97.58% 97.72% -0.40% -0.25%
ECL provision (%) Stage 1 0.32% 0.33% 0.47% -31.14% -1.95% 32
Key Metrics
P&L Metrics (Rs. mn) Q1 FY25 Q4 FY24 Q1 FY24 YoY (%) QoQ (%) FY24
Interest Income 3,522.3 3,079.8 2310.6 52.44% 14.37% 11,124.3
Less: Interest Expenses 2,323.2 2,119.6 1457.9 59.35% 9.60% 7,301.4
Net Interest Income 1,199.1 960.2 852.7 40.63% 24.88% 3,822.9
Other Operating Income & Other Income 815.5 977.0 646.2 26.19% -16.53% 3,171.4
Profit After Tax 483.1 620.5 456.4 5.87% -22.15% 2,174.3
EPS (Rs.) 1.34 1.89 1.40 -4.28% -29.09% 6.62
Cost to income Ratio (%) 59.70% 54.89% 53.23% 12.15% 8.76% 53.63%
NIM 7.31% 7.56% 8.14% -10.17% -3.29% 7.95%
Balance Sheet Metrics (Rs. mn) Q1 FY25 Q4 FY24 Q1 FY24 YoY (%) QoQ (%) FY24
Networth 19,712.0 19,237.3 13,452.6 46.53% 2.47% 19,237.3
Book Value (Rs.) 59.72 58.28 41.23 44.82% 2.46% 58.28
Interest Coverage (x) 1.28 1.40 1.42 -9.80% -8.54% 1.40
ROA (%) 1.56% 2.18% 2.17% -28.22% -28.51% 2.22%
ROE (%) 9.92% 14.65% 13.81% -28.12% -32.27% 13.49%
Tier I CRAR % 15.16% 16.48% 19.44% -22.00% -8.02% 16.48%
Tier II CRAR % 7.79% 8.49% 2.72% 186.05% -8.22% 8.49%
Total CRAR % 22.95% 24.97% 22.16% 3.57% -8.09% 24.97% 33
Associate
Shriram Automall India Limited

(SAMIL)
34
Associate
 Shriram Automall India Limited (SAMIL), an ISO 9001:2015 certified company, is India's Largest Phygital Pre-owned
Marketplace connecting pre-owned vehicles and equipment buyers and sellers.
 SAMIL began its journey in 2011 by setting up India's first professionally managed and organized Auction Platform for
buying and selling pre-owned cars, commercial vehicles, construction equipment, farm equipment, three-wheelers, two-
wheelers, etc.
 Backed by CarTrade Tech Limited and Shriram Finance, SAMIL has 1,400 employees and more than 128 Automalls
across India. SAMIL conducts thousands of auction events every month through its Phygital platforms (Automalls) and
online platforms cartradeexchange.com and bids.samil.in.
 SAMIL also provides vehicle inspection and valuation services through Adroit Auto, innovative car buying and selling
experience through BlueJack, and industrial auction of properties, plant and machinery, commodities, and scrap, salvage
and surplus assets through 123done.in.
For more information about Shriram Automall, its group companies, and services, visit www.samil.in
Revenue from operation earned Rs. 440.6 million in Q1 FY 25 as against Rs. 433.2 million in Q1 FY 24
Profit after Tax (PAT): Q1 FY25 Rs. 26.3 million, Q1 FY24 Rs. 23.5 million,
Share of Profit of Associate: Q1 FY25 Rs. 11.7 million, Q1 FY24 Rs. 10.5 million
Share of Profit of Associate for FY24 Rs. 77.8 million. 35

Consolidated Numbers
36
Financial Performance (Consolidated)
Particulars (Rs.mn) Q1 FY25 Q4 FY24 Q1 FY24 YoY (%) QoQ (%) FY24
Interest income 99,546.9 97,919.8 82,446.1 20.74% 1.66% 360,675.7
Interest expended 43,998.2 42,485.3 36,645.9 20.06% 3.56% 156,999.0
Net interest income 55,548.7 55,434.5 45,800.2 21.28% 0.21% 203,676.7
Staff cost 9,479.9 8,955.6 8,474.2 11.87% 5.85% 34,715.2
Other Operating expenditure 7,457.4 7,635.5 5,931.1 25.74% -2.33% 27,216.6
Operating expenditure 16,937.3 16,591.1 14,405.3 17.58% 2.08% 61,931.8
Core operating profit 38,611.4 38,843.5 31,394.9 22.98% -0.60% 141,744.9
Other income 741.9 1,234.9 492.5 50.64% -39.92% 3,380.1
Operating profit 39,353.3 40,078.4 31,887.4 23.41% -1.81% 145,125.0
Loan Losses & Provisions 12,045.2 12,650.1 8,881.8 35.62% -4.78% 45,523.3
Profit before tax 27,308.1 27,428.3 23,005.6 18.70% -0.44% 99,601.7
Tax Expense 7,013.4 7,245.2 5,894.2 18.99% -3.20% 25,690.6
Profit after tax 20,294.7 20,183.1 17,111.4 18.60% 0.55% 73,911.1
Share of Profit/(loss) of associate 11.7 29.5 10.5 11.43% -60.34% 7.8
Net Profit after taxes and share of
20,306.4 20,212.6 17,121.9 18.60% 0.46% 73,918.9
profit/(loss) of associate
Other comprehensive Income (Net) 65.7 (598.6) (771.3) -108.52% -110.98% (882.3)
Total Comprehensive Income 20,372.1 19,614.0 16,350.6 24.60% 3.87% 73,036.6
EPS (Rs) 53.82 53.47 45.53 18.21% 0.66% 196.32 37
Summarized Balance Sheet (Consolidated)
I. Assets
Financial Assets
a) Cash and bank balances 108,294.1 111,728.0 153,431.8 -29.42% -3.07%
b) Loans 2,158,220.0 2,186,956.1 1,867,850.4 15.55% -1.31%
c) Investments 92,324.1 94,718.2 73,688.7 25.29% -2.53%
d) Other-financial assets 5,618.9 10,892.0 11,499.4 -51.14% -48.41%
Non-financial assets
a) Goodwill 14,067.3 17,409.4 17,409.4 -19.20% -19.20%
b) Other non-financial assets 60,615.3 60,955.6 53,240.7 13.85% -0.56%
Assets directly associated with Discontinued operations 128,637.4 - - 0.00% 0.00%
Total Assets 2,567,777.1 2,482,659.3 2,177,120.4 17.94% 3.43%
Particulars (Rs. cr)

a) Debts 1,917,455.2 1,954,960.7 1,694,831.8 13.14% -1.92%
b) Other financial liabilities 18,980.0 22,815.6 20,703.2 -8.32% -16.81%
Non-financial Liabilities
a) Other non-financial liabilities 10,938.2 8,116.1 7,023.0 55.75% 34.77%
Liabilities directly associated with Discontinued Operations* 116,297.6 - - - -
Equity 504,106.1 489,471.7 451,627.1 11.62% 2.99%

Non-controlling interest* - 7,295.2 2,935.3 - -
Total Liabilities and Equity 2,567,777.1 2,482,659.3 2,177,120.4 17.94% 3.43% 38
*Regrouped with Liabilities directly as s ociated with Dis continued Operations in Jun'24 0.00 (0.00) (0.00)
Contact Us
For any Investor Relations

queries please contact
Sanjay K. Mundra
Email: smundra@shriramfinance.in
Tel. No. +91-22-4095 9507
39
About Us
About Shriram Finance Ltd.
Shriram Finance Limited is the flagship company of the Shriram group which has significant presence in Consumer Finance, Life Insurance,
General Insurance, Housing Finance, Stock Broking and Distribution businesses. Shriram Finance Limited is one of India’s largest retail
asset financing Non-Banking Finance Company (NBFC) with Assets under Management (AUM) above Rs 2.3 trillion. Recently Shriram City
Union Finance Limited and Shriram Capital Limited merged with Shriram Transport Finance Company Limited and was subsequently
renamed as Shriram Finance Limited. Established in 1979, Shriram Finance is holistic finance provider catering to the needs of Small Road
Transport Operators and small business owners and is a leader in organised financing of pre-owned commercial vehicles and two wheelers.
It has vertically integrated business model and offers financing number of products which include passenger commercial vehicles, loans to
micro and small and medium enterprises (MSMEs), tractors, gold, personal loans and working capital loans etc. Over last 46 years, it has
developed strong competencies in the areas of Loan origination, valuation of pre-owned commercial vehicles and other assets, and
collections. It has a pan india presence with network of 3095 branches and an employee strength of 75,813 servicing over 8.71 million
customers.
Forward Looking Statement

Certain statements in this document with words or phrases such as “will”, “should”, etc., and similar expressions or variation of these
expressions or those concerning our future prospects are forward looking statements. Actual results may differ materially from those
suggested by the forward looking statements due to a number of risks or uncertainties associated with the expectations. These risks and
uncertainties include, but are not limited to, our ability to successfully implement our strategy and changes in government policies. The
company may, from time to time, make additional written and oral forward looking statements, including statements contained in the
company’s filings with the stock exchanges and our reports to shareholders. The company does not undertake to update any forward-looking
statements that may be made from time to time by or on behalf of the company.
40
Thank You
41

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SEC/FILING/BSE-NSE/24-25/68A-B July 26, 2024

BSE Limited National Stock Exchange of India Limited

2. Approved periodical resource mobilisation plan including issuance of debt securities

Please find enclosed herewith:

c) Independent Auditor's certificate on Security Cover as at June 30, 2024 pursuant to

Kindly take the same on record.

unaudited standalone financial results for the quarter ended 30

For Sundaram & Srinivasan For KKC & Associates LLP

P Menakshi Sundaram Devang Doshi

8 Disclosure pertaining to RBI Master Direction - RBI/DOR/2021-22/86DoR.STR.REC.51/21.04.048/ 2021-22

For Shriram Finance Limited

Sr. Particulars Standalone

3 Interest Service Coverage Ratio 2 NA NA NA NA

8 Networth 3 (Rs. in crores) 50,455.00 48,463.82 44,821.61 48,463.82

12 Long Term Debt to Working Capital 2 NA NA NA NA

13 Bad Debts to Accounts Receivable Ratio 2 NA NA NA NA

14 Current Liability Ratio 2 NA NA NA NA

15 Total Debts 4 to Total Assets 0.78 0.78 0.77 0.78

18 Operating Margin (%) 2 NA NA NA NA

19 Net Profit Margin (%) 5 20.61% 20.49% 20.92% 20.55%

20 Sector Specific Equivalent Ratios

Gross NPA Ratio (%) 7 5.39% 5.45% 6.03% 5.45%

Net NPA Ratio (%) 8 2.71% 2.70% 2.96% 2.70%

NPA Provision Coverage Ratio (%) 9 51.15% 51.79% 52.55% 51.79%

Liquidity Coverage Ratio (%) 19 225.19% 195.55% 202.84% 195.55%

... New No: 4 co

Consolidated UFR June qrtr'24unaudited consolidated financial results

For Sundaram & Srinivasan For KKC & Associates LLP

(vii) Other Operating Income 95.15 164.05 99.96 485.49

(X11) Discontinued Operations: (Refer Note 3 & 15 )

(XIV) Other Comprehensive Income

Name of the Company % Shareholding and voting power of Consolidated as

Shriram Housing Finance Limited 83.78% Subsidiary Held for Sale

Particulars As at June 30, 2024

Count of loans accounts assigned 6,570

Particulars As at June 30, 2024

Count of loans accounts assigned 1,457

Particulars As at June 30, 2024

Count of loans accounts Co-Lent 784

Sr. Particulars Quarter Ended Year Ended

For Shriram Finance Limited

Gross NPA Ratio (%) 7 NA NA NA NA

Net NPA Ratio(%) 8 NA NA NA NA

NPA Provision Coverage Ratio (%) 9 NA NA NA NA

Right of llse Assets ..

BSE Limited National Stock Exchange of India Limited

A. Statement of Utilization of Issue Proceeds:

Shriram Finance Limited

y'CA: .('`Y\ "•>?(Yx•-x/Y'C'

Shriram Finance Limited

Shriram Finance Limited

Shriram Finance Limited

Deviation could mean:

Shriram Finance Limited

Deviation could mean:

Shriram Finance Limited

Deviation could mean:

Shriram Finance Limited

Deviation could mean:

Shriram Finance Limited