Shriram Finance had declared a 10:2 stock split, with the record date set for today. The announcement was made on October 25, 2024, and the Ex-Date for the split is also January 10, 2025. Following the T+1 settlement cycle in Indian stock markets, yesterday was the final trading day for investors to purchase Shriram Finance shares and be eligible for the stock split.
Shriram Finance has announced various dividends. On October 18, 2024, an interim dividend of ₹22 was declared, with the Ex-Dividend Date set for November 7, 2024. Earlier in the year, the company announced a final dividend of ₹15 on April 26, 2024, with an Ex-Dividend Date of July 23, 2024.
Additionally, an interim dividend of ₹10 was declared on January 24, 2024, with the Ex-Dividend Date of February 6, 2024. Last year, Shriram Finance also announced an interim dividend of ₹20 on October 16, 2023, with the Ex-Dividend Date of November 6, 2023.
A final dividend of ₹20 was declared on April 27, 2023, with the Ex-Dividend Date set for June 16, 2023.
Shriram Finance reported a strong performance for Q2FY25, with a net profit of ₹2,071 crore, reflecting an 18.3% year-on-year growth. The company’s net interest income (NII) rose by 16.3% YoY, reaching ₹5,606 crore.
However, its net interest margin (NIM) saw a slight dip, decreasing to 8.74% compared to 8.8% in the previous quarter. The gross stage-3 assets also saw a marginal increase, growing to ₹12,764 crore from ₹12,408 crore in Q1FY25.
Shriram Finance’s share price closed 2.41% lower at ₹2,828.95 on January 9, 2025, marking its fifth consecutive decline. Over the past five days, the stock has dropped nearly 7%.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 10, 2025, 9:06 AM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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