220% Dividend, 1:5 Stock Split Recommended: Top NBFC Declares 18% Rise In PAT

Large cap NBFC sector stock, Shriram Finance Ltd recommended an interim dividend of Rs 22/- per share of the face value of Rs 10/- each fully paid up for FY 2024-25. The company also approved stock split in the proportion of 1:5 and will inform the record date for sub-division at a later date. Last trading price of Shriram Finance shares on BSE is Rs 3091.50 per share. Shriram Finance shares offered eye-catching returns of 70% in last 1-year and 153% in last 2-years. Shriram Finance has a market capitalisation of Rs 1,16,239.43 crore. Check details below:

Shriram Finance Recommends Stock Split, To Inform Record Date Soon: As per the exchange filing of Shriram Finance dated October 25, 2024, "approved the sub-division/ split of 1 (One) fully paid equity share of face value of Rs.10/- (Rupees Ten Only) each held by Members of the Company into 5 (Five) fully paid equity shares of face value of Rs.2 (Rupees Two Only) each, subject to approval of Members of the Company through Postal Ballot. The record date for the purpose of the sub-division/ split of equity shares shall be decided after obtaining approval of Members of the Company and the same will be intimated in due course."

Shriram Finance Recommends Interim Dividend, Sets Record Date Too: The company's BSE filing added, "declared an interim dividend of 220% i.e. Rs.22/- per equity share of face value Rs.10/- each fully paid up for the Financial Year 2024-25, subject to deduction of tax at source, if any, to be paid to those members whose name appears in the Register of Members of the Company as on Thursday, November 7, 2024 being the Record Date, for the purpose of payment of interim dividend. The interim dividend payout will be made to eligible shareholders on or before Sunday, November 24, 2024."

Shriram Finance Shares Performance: The 52-week high price is Rs 3652.15 per share (as on 27/09/2024) and 52-week low price is Rs 1760.90 per share (as on 26/10/2023), respectively. Shriram Finance shares gained 24% in last 6-months, soared 103% in last 3-years, and zoomed 182% in last 5-years.

Shriram Finance Financial Results: The NBFC declared a jump of 18% YoY in its net profit for the quarter ended September 2024 to Rs 2071 crore amid robust core income growth. Its nets interest income surged 16% YoY to Rs 5607 crore for Q2 FY2025 and net interest margin (NIM) moderated by 5 basis points (BPS) sequentially to 8.74%. The total assets under management jumped 20% to Rs 2.43 lakh crore.

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