Shriram Finance Q3FY26 results: Net profit dips 22% to ₹2,529.65 crore
Shriram Finance's Q3FY26 net profit fell 22% to ₹2,529.65 crore due to a high base last year, even as income, margins and AUM posted healthy growth
 "Shriram Finance Q3FY26 results: Net profit dips 22% to ₹2,529.65 crore")
Shriram Finance Ltd, one of the largest retail non-banking financial companies (NBFCs) in India, posted a 22 per cent decline in net profit during the third quarter of 2025–26 (FY26) to Rs 2,529.65 crore. This is against Rs 3,248.64 crore during the same period last financial year (FY25).
The fall in net profit was mainly due to a higher base last year, owing to an exceptional one-time gain of Rs 1,489.39 crore during the same quarter last year. It was from the sale of subsidiary Shriram Housing Finance Limited (SHFL) to Warburg Pincus.
For the period under review, Shriram Finance’s total income rose 14 per cent to Rs 12,196.53 crore, from Rs 10,705.47 crore by the end of December 2024.
“If I remove last year's one-time positive impact due to SHFL sale, we had an increase in profit during the third quarter by 21 per cent,” said Umesh Revankar, executive vice-chairman, Shriram Finance.
“Overall, the quarter was good, and net margins also improved.
Borrowing costs came down. Because of the good quarter, we were able to manage the additional provision also of Rs 197 crore, due to the new labour law,” he added.
Total assets under management — as of December 2025 — increased by 14.63 per cent to Rs 2.91 trillion. This compares to Rs 2.54 trillion as of December 2024 and Rs 2.81 trillion as of September 2025.
On a standalone basis, too, profit after tax (PAT) decreased by 29.36 per cent and stood at Rs 2,521.67 crore against Rs 3,569.76 crore (excluding exceptional gain) recorded during the same period of the previous year.
Earnings per share (EPS) (basic) increased by 21.05 per cent to Rs 13.40 against Rs 11.07 (excluding exceptional gain) recorded in the previous year.
However, the EPS (basic) decreased by 29.4 per cent to Rs 13.40 from Rs 18.99 (including exceptional gain) in the same period of the previous year.
Net interest income for the third quarter ended December 2025 increased by 16.17 per cent to Rs 6,764.09 crore. This is against Rs 5,822.69 crore in the same period of the previous year.