Shriram Finance targets 17% growth in assets under management for FY26

Chennai-based Shriram Finance, part of the Shriram Group and one of India's largest retail NBFCs, remains optimistic about sustaining growth momentum as credit demand continues to pick up across key lending segments.

The company expects around 17% growth in assets under management (AUM) for FY26, driven by demand in commercial vehicles (CVs), MSMEs, and retail loans.

Umesh Revankar, Executive Vice Chairman of Shriram Finance, said the company’s close engagement with customers and resilient asset values have helped maintain strong asset quality.

“Since we are in touch with customer, we have direct access to customer, we did not see any stress as of now,” he noted, adding that CV sales have risen year-on-year, indicating demand in the segment that forms nearly half of Shriram Finance’s loan book.

Revankar highlighted that festive season trends reflect buoyant customer sentiment. “October the year-on-year sales numbers have gone up. That means there is a significant demand for a commercial vehicle,” he said. Rural and semi-urban markets, he added, continue to drive loan demand.

In the July–September quarter of 2025 (Q2FY26), Shriram Finance reported a net interest income (NII) of ₹6,267 crore, a profit after tax of ₹2,307 crore, and net interest margins (NIMs) of 8.19%.

On the funding side, Revankar said, “We have not even discussed this in the board so there is no question of raising equity at any point of time,” he said. He also confirmed that there is no concrete offer currently being considered.

Shriram Finance is, however, actively working toward a credit rating upgrade to AAA. “We would definitely like to improve our rating because it gives us a huge opportunity in raising resources at lower cost,” Revankar said, adding that discussions with rating agencies are progressing positively.

The company’s balance sheet remains well-capitalised to support growth. “For the kind of growth we are witnessing around 16–17%, the capital we have is sufficient for more than two years,” Revankar said.



Shriram Finance’s current market capitalisation is ₹1,49,002 crore. The stock is currently trading at ₹ 791.65 as of 10:12 am on the NSE and has gained 25% over the last year.

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