Shriram Finance Stock Split Record Date Tomorrow, January 10, 2025; Check Details

Shriram Finance had declared a 10:2 stock split, with the record date set for tomorrow, 2025. The announcement was made on October 25, 2024, and the Ex-Date for the split is also January 10, 2025.

Shriram Finance Corporate Action History

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.

Second Quarter FY 25 Financial Highlights

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 Share Performance

Shriram Finance’s share price closed 1.98% lower at ₹2,899.95 on January 8, 2025, marking its fourth consecutive decline. Over the past four days, the stock has dropped nearly 5%.

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