200 per cent Final Dividend! This NBFC company's jaw-dropping announcement has investors buzzing - Are you ready to reap the rewards?

Board declares final dividend of Rs 20 per share.

On April 28, 2023, Shriram Finance Ltd reported its Q4 result. On a consolidated basis, the company has reported a rise of 55.68 per cent in its net sales at Rs 7,879.85 crore for Q4FY23 as compared to Rs 5,061.69 crore for the same quarter in the previous year. On a yearly basis, net sales of the company increased by 56.31 per cent at Rs 30,122.27 crore for FY23 as compared to Rs 19,270.30 crore for the previous year.

On a consolidated basis, the net profit of the company increased by 18.31 per cent to Rs 1,285.04 in Q4FY23 from Rs 1,086.13 in Q4FY22. On a sequential basis, the net profit dropped by 28.61 per cent to Rs 1,285.04 in Q4FY23 as compared to Rs 1,800.14 in the last quarter.

Total Assets under Management as of March 31, 2023, stood at Rs. 1,93,729.46 crore as compared to Rs.1,27,040.86 crore as on March 31, 2022, and Rs. 1,84,676.18 crore as of December 31, 2022.

Shriram Finance is currently trading at Rs 1,329, down by 75.80 points or 5.40% from its previous closing of Rs 1,404.80 on the BSE.   

The scrip opened at Rs 1,359.25 and has touched a high and low of Rs 1,364.55 and Rs 1,310 respectively. So far 97,213 shares were traded on the counter.   

The BSE group 'A' stock of face value of Rs 10 has touched a 52-week high of Rs 1,509.25 and a 52-week low of Rs 1,047.70. The current market cap of the company is Rs 49,899.92 crore.   

The promoters holding in the company stood at 25.51 per cent, while Institutions and non-Institutions held 61.52 per cent and 12.96 per cent respectively.