SHRIRAM FINANCE LIMITED (formerly Shriram Transport Finance Company Limited)

CIN: L65191TN1979PLC007874
Regd. Office: Sri Towers, 14A, South Phase, Industrial Estate, Guindy, Chennai – 600 032, Tamil Nadu.
Tel. No: +91 44 4852 4666, Fax: +91 44 4852 5666. Website-www.shriramfinance.in, email-secretarial@shriramfinance.in

STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2023
(Rs. in crores)
Sr. Particulars Quarter Ended Half Year Ended Year Ended
No. 30.09.2023 30.06.2023 30.09.2022 30.09.2023 30.09.2022 31.03.2023
(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited)
Restated - Refer Restated - Refer
Note 7 Note 7
Revenue from operations
(i) Interest Income 8,478.06 7,911.38 7,238.05 16,389.44 14,130.33 29,205.87
(ii) Dividend Income 1.45 - 5.34 1.45 6.52 6.52
(iii) Rental Income 0.09 0.09 0.07 0.18 0.13 0.24
(iv) Fees and Commission Income 125.43 82.99 50.62 208.42 127.19 266.57
(v) Net Gain on Fair Value Changes 12.82 83.32 112.16 96.14 166.40 363.80
(vi) Net Gain on Derecognition of Financial Instruments under Amortised Cost 147.87 113.01 73.74 260.88 117.20 279.51
Category
(vii) Other Operating Income 118.04 100.01 101.92 218.05 167.27 354.27
(I) Total Revenue from operations 8,883.76 8,290.80 7,581.90 17,174.56 14,715.04 30,476.78
(II) Other Income 9.23 5.14 9.87 14.37 14.98 31.61
(III) Total Income (I+II) 8,892.99 8,295.94 7,591.77 17,188.93 14,730.02 30,508.39
Expenses
(i) Finance Costs 3,798.02 3,633.29 3,328.66 7,431.31 6,354.38 12,931.27
(ii) Fees and Commission Expenses 104.99 85.13 83.98 190.12 136.15 314.08
(iii) Impairment on Financial Instruments 1,140.06 888.18 902.11 2,028.24 2,065.01 4,169.06
(iv) Employee Benefit Expenses 851.53 847.42 608.08 1,698.95 1,226.34 2,636.42
(v) Depreciation, Amortization and Impairment 141.38 135.28 56.68 276.66 113.09 600.69
(vi) Other Expenses 452.85 406.08 488.08 858.93 887.52 1,643.15
(IV) Total Expenses 6,488.83 5,995.38 5,467.59 12,484.21 10,782.49 22,294.67
(V) Profit Before Exceptional Items and Tax (III - IV) 2,404.16 2,300.56 2,124.18 4,704.72 3,947.53 8,213.72
(VI) Exceptional Items - - - - - -
(VII) Profit Before Tax (V +VI) 2,404.16 2,300.56 2,124.18 4,704.72 3,947.53 8,213.72
(VIII) Tax Expenses:
(1) Current Tax 822.54 728.90 705.15 1,551.44 1,387.60 2,911.40
(2) Deferred Tax (207.65) (139.48) (156.88) (347.13) (366.36) (720.73)
(3) Tax Adjustment for earlier years - - - - - 11.58
(IX) Profit for the period (VII -VIII) 1,789.27 1,711.14 1,575.91 3,500.41 2,926.29 6,011.47
(X) Share of Profit/ (Loss) of Associate 2.56 1.05 2.65 3.61 3.90 8.56
(XI) Net Profit After Taxes and Share of Profit/ (Loss) of Associate (IX+X) 1,791.83 1,712.19 1,578.56 3,504.02 2,930.19 6,020.03
(XII) Other Comprehensive Income
(A) (i) Items that will not be reclassified to Profit or Loss
Remeasurement Gain/ (Loss) on Defined Benefit Plan (14.52) (13.55) (0.53) (28.07) (10.41) (8.51)
Gain / (loss) on Fair Valuation of Quoted Investments in Equity Shares (1.45) 14.17 0.98 12.72 (18.68) (11.80)
(ii) Income Tax relating to items that will not be reclassified to Profit or Loss 4.01 (0.15) (0.12) 3.86 7.32 5.11
(iii) Share in Other Comprehensive Income of Associate (Net of Tax) 0.03 (0.09) 0.01 (0.06) (0.12) (0.26)
Subtotal (A) (11.93) 0.38 0.34 (11.55) (21.89) (15.46)
(B) (i) Items that will be reclassified to Profit or Loss
Cash Flow Hedge Reserve 147.69 (103.57) (34.16) 44.12 (135.05) (14.73)
(ii) Income Tax relating to items that will be reclassified to Profit or Loss (37.17) 26.06 8.60 (11.11) 33.99 3.71
Subtotal (B) 110.52 (77.51) (25.56) 33.01 (101.06) (11.02)
Other Comprehensive Income for the period (A+B) 98.59 (77.13) (25.22) 21.46 (122.95) (26.48)
(XIII) Total Comprehensive Income for the period (XI+XII) 1,890.42 1,635.06 1,553.34 3,525.48 2,807.24 5,993.55
(XIV) Profit for the period attributable to
- Owners of the Company 1,786.11 1,705.23 1,576.13 3,491.34 2,926.97 6,011.04
- Non-Controlling Interests 5.72 6.96 2.43 12.68 3.22 8.99
(XV) Other Comprehensive Income for the period attributable to
- Owners of the Company 98.67 (77.09) (25.19) 21.58 (122.91) (26.42)
- Non-Controlling Interests (0.08) (0.04) (0.03) (0.12) (0.04) (0.06)
(XVI) Total Comprehensive Income for the period attributable to
- Owners of the Company 1,884.78 1,628.14 1,550.93 3,512.92 2,804.06 5,984.62
- Non-Controlling Interests 5.64 6.92 2.40 12.56 3.18 8.93
(XVII) Paid-up Equity Share Capital (Face Value Rs. 10/- per share) 375.35 374.84 374.43 375.35 374.43 374.43
(XVIII) Other Equity 43,138.43
(XIX) Earnings per Equity Share (Not annualised for the interim periods)
Basic (Rs.) 47.61 45.53 42.16 93.14 78.26 160.54
Diluted (Rs.) 47.45 45.34 42.00 92.76 77.97 159.83
 SHRIRAM FINANCE LIMITED (formerly Shriram Transport Finance Company Limited)
CIN: L65191TN1979PLC007874
Regd. Office: Sri Towers, 14A, South Phase, Industrial Estate, Guindy, Chennai – 600 032, Tamil Nadu.
Tel. No: +91 44 4852 4666, Fax: +91 44 4852 5666. Website-www.shriramfinance.in, email-secretarial@shriramfinance.in
Notes:
1. Statement of Assets and Liabilities
(Rs. in crores)
Sr. Particulars As at As at
No. 30.09.2023 31.03.2023
(Unaudited) (Audited)
ASSETS
(1) Financial Assets
(a) Cash and Cash Equivalents 6,016.63 9,932.84
(b) Bank Balance other than (a) above 5,142.66 6,374.11
(c) Derivative Financial Instruments 287.28 669.37
(d) Receivables
(I) Trade Receivables 25.46 17.00
(II) Other Receivables 331.19 429.69
(e) Loans 196,067.69 178,685.14
(f) Investments 7,916.85 7,430.07
(g) Other Financial Assets 298.61 77.47
Total Financial Assets 216,086.37 203,615.69
(2) Non-Financial Assets
(a) Current Tax Assets (Net) 738.34 728.26
(b) Deferred Tax Assets (Net) 2,293.94 1,954.05
(c) Investment Property 1.01 2.62
(d) Property, Plant and Equipment 250.42 223.19
(e) Right of Use Assets 579.22 528.30
(f) Intangible Assets under development - 66.08
(g) Goodwill 1,740.94 1,740.94
(h) Other Intangible Assets 1,180.93 1,218.46
(i) Other Non-Financial Assets 489.79 495.10
Total Non-Financial Assets 7,274.59 6,957.00
Total Assets 223,360.96 210,572.69

LIABILITIES AND EQUITY

LIABILITIES
(1) Financial Liabilities
(a) Payables
(I) Trade Payables
(i) total outstanding dues of micro enterprises and small enterprises 0.19 -
(ii) total outstanding dues of creditors other than micro enterprises and small enterprises 346.14 313.19
(II) Other Payables
(i) total outstanding dues of micro enterprises and small enterprises 0.40 0.36
(ii) total outstanding dues of creditors other than micro enterprises and small enterprises 0.45 1.09
(b) Debt Securities 42,574.88 44,924.03
(c) Borrowings (Other than Debt Securities) 85,883.27 78,544.75
(d) Deposits 40,802.04 36,139.83
(e) Subordinated Liabilities 4,522.12 4,593.63
(f) Lease Liabilities 656.12 602.08
(g) Other Financial Liabilities 1,332.87 1,073.82
Total Financial Liabilities 176,118.48 166,192.78
(2) Non-Financial Liabilities
(a) Current Tax Liabilities (Net) 263.68 160.89
(b) Provisions 263.17 214.50
(c) Other Non-Financial Liabilities 102.28 204.98
Total Non-Financial Liabilities 629.13 580.37
Total Liabilities 176,747.61 166,773.15
(3) Equity
(a) Equity Share Capital 375.35 374.43
(b) Other Equity 45,931.28 43,138.43
Total Equity 46,306.63 43,512.86
Non-Controlling Interest 306.72 286.68
Total Liabilities and Equity 223,360.96 210,572.69
 SHRIRAM FINANCE LIMITED (formerly Shriram Transport Finance Company Limited)
CIN: L65191TN1979PLC007874
Regd. Office: Sri Towers, 14A, South Phase, Industrial Estate, Guindy, Chennai – 600 032, Tamil Nadu.
Tel. No: +91 44 4852 4666, Fax: +91 44 4852 5666. Website-www.shriramfinance.in, Email-secretarial@shriramfinance.in
2 Cash Flow Statement
(Rs. in crores)
Particulars Half Year Ended
30.09.2023 30.09.2022
(Unaudited) (Unaudited)
A. Cash flow from Operating activities
Profit Before Tax 4,724.40 3,990.27
Fees and Commission Expenses - 1.99
Depreciation, Amortisation and Impairment 276.66 113.09
Interest on Income Tax Refund - (5.57)
Share Based Payments to Employees 9.76 104.84
Interest Income on Loans (15,841.39) (13,307.83)
Finance Costs 7,431.20 6,186.68
Loss/ (Profit) on Sale of Property, Plant and Equipments (Net) (3.49) 0.51
Fair Value adjustments to Investments 1.00 0.85
Impairment on Loans 2,016.74 2,072.69
Impairment on Investments 10.23 (7.63)
Impairment on Undrawn Loan Commitment (6.67) (2.76)
Impairment on Other Assets 7.93 2.71
Net (Gain)/ Loss on Fair Value changes on Investment (118.80) (183.95)
Net (Gain)/ Loss on Fair Value changes on Direct Assignment 22.66 17.55
Net Gain on Derecognition of Financial Instruments under Amortised Cost Category (260.88) (117.20)
Cash Inflow from Interest on Loans 15,296.40 9,457.06
Cash Outflow towards Finance Costs (5,947.85) (4,918.48)
Mortgage guarantee fee written off 0.27 0.01
Interest income on fair valuation of security deposit (0.18) (0.17)
Interest on lease liabilities - 1.16
Lease concessions received (0.47) (0.14)
Gain on remeasurement of leases (0.05) (0.17)
Interest income of lease receivable - -
Operating Profit before Working Capital Changes 7,617.49 3,405.53
Movements in Working Capital:
Decrease/ (Increase) in Loans (18,557.43) (9,497.77)
Decrease/ (Increase) in Investments (361.35) (1,652.26)
Decrease/ (Increase) in Receivables 85.27 64.51
Decrease/ (Increase) in Bank Deposits 1,232.98 (135.35)
Decrease/ (Increase) in Other Financial Assets (18.49) (8.39)
Decrease/ (Increase) in Other Non-Financial Assets 10.66 42.76
Increase/ (Decrease) in Payables 26.66 32.95
Increase/ (Decrease) in Other Financial Liabilities 271.87 (82.38)
Increase/ (Decrease) in Non-Financial Liabilities (96.31) (78.84)
Increase/ (Decrease) in Other Provision 21.57 18.18
Cash used in Operations (9,767.08) (7,891.06)
Direct Taxes Paid (Net of Refunds) (1,458.73) (1,135.06)
Net Cash Flows from/ (used in) Operating Activities (A) (11,225.82) (9,026.12)
B. Cash Flow from Investing Activities
Purchase of Property, Plant and Equipment and Intangible Assets (128.21) (69.42)
Proceeds from Sale of Property, Plant and Equipment and Intangible Assets 6.53 1.12
Net Cash generated from/ (used in) Investing Activities (B) (121.68) (68.30)
C. Cash Flow from Financing Activities
Proceeds from Issue of Share Capital (including share premium and net of share issue expenses) 22.91 34.30
Payment for Employee Stock Option Plan 5.34 (25.86)
Proceeds/ (Repayment) on Settlement of Derivative Contracts 382.42 (754.21)
Proceeds from Sale of Security Receipts 1.73 1.41
Increase/ (Decrease) in Fixed Deposits (Net) 4,148.03 3,214.86
Amount Received from Debt Securities 6,802.50 6,882.20
Repayment of Debt Securities (9,610.70) (2,704.29)
Proceeds/ (Repayment) of Subordinated Debts (161.54) (115.14)
Amount Received from Borrowings other than Debt Securities 36,734.86 32,288.28
Repayment of Borrowings other than Debt Securities (30,032.52) (27,511.56)
Payment of Lease Liabilities (111.80) (101.01)
Dividend Paid (749.94) (0.25)
Net Cash generated from/ (used in) Financing Activities (C ) 7,431.29 11,208.73
Net Increase/ (Decrease) in Cash and Cash Equivalents (A+B+C) (3,916.20) 2,114.30
Cash and Cash Equivalents at the beginning of the year 9,932.84 10,714.21
Cash and Bank Balances taken over on account of Amalgamation - 5,217.41
Cash and Cash Equivalents at the end of the period 6,016.63 18,045.92
Components of Cash and Cash Equivalents
Cash and Cash Equivalents at the end of the period As at
30.09.2023 30.09.2022
(Unaudited) (Unaudited)
i) Cash on Hand 140.39 152.70
ii) Cheques on Hand 3.23 4.85
iii) Balances with Banks (of the nature of Cash and Cash Equivalents) 3,996.23 5,736.23
iv) Call Money (CBLO) - 3,498.28
v) Bank Deposit with original maturity upto three months or less 1,876.78 8,653.85
Total 6,016.63 18,045.91
 SHRIRAM FINANCE LIMITED (formerly Shriram Transport Finance Company Limited)
CIN: L65191TN1979PLC007874
Regd. Office: Sri Towers, 14A, South Phase, Industrial Estate, Guindy, Chennai – 600 032, Tamil Nadu.
Tel. No: +91 44 4852 4666, Fax: +91 44 4852 5666. Website-www.shriramfinance.in, email-secretarial@shriramfinance.in

3. The above results have been reviewed by the Audit Committee and subsequently approved by the Board of Directors in their respective
meetings held on October 26, 2023.
4. The Consolidated financial results of the Company have been prepared in accordance with Indian Accounting Standards ('Ind AS')
notified under section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standards) Rules, 2015 as amended
from time to time. These Consolidated financial results together with the results for the comparative reporting period have been prepared
in accordance with, the recognition and measurement principles laid down in Ind AS 34 - Interim Financial Reporting, circulars,
guidelines and directions issued by the Reserve Bank of India (RBI), Regulation 33 and Regulation 52 read with Regulation 63(2) of the
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended and other recognised accounting practices
generally accepted in India. These results include results of -

Name of the Company % Shareholding and voting Consolidated

power of as
Shriram Housing Finance Limited Shriram Finance
84.17% Limited Subsidiary
Shriram Automall India Limited 44.56% Associate

The significant accounting policies applied in preparation of these Consolidated financial results are consistent with those followed in
the annual Consolidated financial statements for the year ended March 31, 2023. These Consolidated financial results are available on
the website of the Company (www.shriramfinance.in) and on the website of BSE Limited (www.bseindia.com) and National Stock
Exchange of India Limited (www.nseindia.com).

5. The consolidated financial results for the quarter and half - year ended on September 30, 2023 have been reviewed by the Statutory
Auditors.

6. The above results include financial results of Shriram Finance Limited (the “Company”), its subsidiary Shriram Housing Finance
Limited, together hereinafter referred to as “the Group” and its associate Shriram Automall India Limited.

7. The Hon'ble National Company Law Tribunal, Chennai ("NCLT") had sanctioned the Composite Scheme of Arrangement and
Amalgamation ("Scheme"), inter-alia, involving amalgamation of Shriram Capital Limited (SCL) (after de-merger of a few undertakings
from the said SCL) and Shriram City Union Finance Limited (SCUF) with the Company under Sections 230 to 232 and other applicable
provisions of the Companies Act, 2013 vide its order dated November 09, 2022 read with Corrigendum dated November 17, 2022 to the
order effective from appointed date of the Scheme being April 01, 2022. Accordingly, the figures for the quarter and half-year ended
September 30, 2022 had been restated to take the effect of transferor Companies SCUF and SCL and therefore will not be comparable
with the previously reported figures for the same period.

8. During the quarter the Company allotted 5,10,299 Equity Shares of face value of Rs.10/- each fully paid up at an exercise price of
Rs.193.55 per equity share (including premium of Rs.183.55 per equity share) under the Shriram Finance Limited Employee Stock
Option Scheme 2023 (No.1) on various dates.
 SHRIRAM FINANCE LIMITED (formerly Shriram Transport Finance Company Limited)
CIN: L65191TN1979PLC007874
Regd. Office: Sri Towers, 14A, South Phase, Industrial Estate, Guindy, Chennai – 600 032, Tamil Nadu.
Tel. No: +91 44 4852 4666, Fax: +91 44 4852 5666. Website-www.shriramfinance.in, email-secretarial@shriramfinance.in

9. The Group invoked resolution plans to relieve COVID-19 pandemic related stress to eligible borrowers. The resolution plans were based
on the parameters laid down in the resolution policy approved by the Board of Directors of the Company and in accordance with the
guidelines issued by the RBI on August 6, 2020 and May 5, 2021.

Disclosure as per the format prescribed as per the notification no. RBI/2020-21/16 DOR.NO.BP.BC/3/21.04.048/2020-21 dated August
6, 2020 and RBI/2021-22/31/DOR.STR.REC.11 /21.04.048/2021-22 dated May 05, 2021 :
(Rs. in crores)
Type of borrower (A) (B) (C) (D) (E)
Exposure to Of (A), Of (A) amount Of (A) amount Exposure to
accounts aggregate debt written off paid by the accounts
classified as that slipped into during the half- borrowers classified as
Standard NPA during the year during the half- Standard
consequent to half-year year consequent to
implementation implementation
of Resolution of Resolution
Plan – Position Plan – Position
as at the end of as at the end of
the previous this half-year
half-year (A)
Personal Loans # 649.15 42.87 1.47 132.70 472.11
Corporate persons* 14.38 - - 0.54 13.84
Of which, MSMEs - - - - -
Others - - - - -
Total 663.53 42.87 1.47 133.24 485.95
*As defined in Section 3(7) of the Insolvency and Bankruptcy Code, 2016.
# pertains to automobile loans.

10. Disclosure pertaining to RBI Master Direction - RBI/DOR/2021-22/86 DOR.STR.REC.51/21.04.048/2021-22 Reserve Bank of
India (Transfer of Loan Exposures) Directions, 2021 dated September 24, 2021

a Details of transfer through assignment in respect of loans not in default during the half-year ended on September 30, 2023 (including
PTC and Co lending)

Particulars As at September
30, 2023
Count of loans accounts assigned 34,670
Amount of loan accounts assigned (Rs. in crores) 2,338
Weighted average maturity (in months) 48 to 179.83
Weighted average holding period (in months) 3.95 tomonths
13.72
Retention of beneficial economic interest (%) 10.00%
Coverage of tangible security 48.04 to 100%
Rating wise distribution of rated loans Not Rated
 SHRIRAM FINANCE LIMITED (formerly Shriram Transport Finance Company Limited)
CIN: L65191TN1979PLC007874
Regd. Office: Sri Towers, 14A, South Phase, Industrial Estate, Guindy, Chennai – 600 032, Tamil Nadu.
Tel. No: +91 44 4852 4666, Fax: +91 44 4852 5666. Website-www.shriramfinance.in, email-secretarial@shriramfinance.in

b Details of acquired through assignment in respect of loans not in default during the half-year ended on September 30, 2023

Particulars As at September
30, 2023

Count of loans accounts acquired 1,727

Amount of loan accounts acquired (Rs. in crores) 7
Weighted average maturity (in months) 19 months
Weighted average holding period (in months) 11 Months
Retention of beneficial economic interest (%) 80%
Coverage of tangible security 80%
Rating wise distribution of rated loans Not Rated

c Details of stressed loans transferred during the half-year ended September 30, 2023.

Particulars To ARCs To permitted To other

transferees transferees
Number of accounts 6,731 - -
Aggregate principal outstanding of loans transferred (Rs. in 4.82 - -
Weighted average residual tenor of the loans transferred (in 3.67 - -
Net book value of loans transferred (at the time of transfer) (Rs. 1.21 - -
in crores)
Aggregate consideration (Rs. in crores) 2.46 - -
Additional consideration realized in respect of accounts - - -
transferred in earlier years

d Details of stressed loans acquired by the subsidiary during the the half-year ended on September 30, 2023 -
Particulars Numbers
Aggregate principal outstanding of acquired loans (Rs. Cr) 0.52
Aggregate Consideration paid (Rs. Cr) 0.52
Weighted average residual tenure of loans acquired (months) 267.00
Provision Held (Rs. Cr) 0.21

11. The Board of Directors in their meeting held on October 26, 2023 declared interim dividend of 200% (Rs. 20/- per equity share of face
value of Rs. 10/- each fully paid up) for the Financial Year 2023-24. The record date for payment of interim dividend is November 6,
2023. The interim dividend will be paid to eligible Members on or before November 25,2023 subject to deduction of tax at source as per
the applicable rate(s) to the eligible shareholders.

12. Pursuant to the final dividend for the financial year 2022- 23 approved by the shareholders at the 44th Annual General Meeting held on
June 23, 2023, the Company paid the final dividend of (200%) Rs. 20/- per equity share of face value of Rs. 10/- each fully paid up
aggregating to Rs.7,496,735,680/- (gross) subject to deduction of tax at source as per the applicable rate(s) to the eligible shareholders.
The record date for payment of final dividend was June 16, 2023 and the payment was made on July 06, 2023.

13. Information as required by Regulation 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015 is attached in Annexure 1.

14. The Group's secured non-convertible debentures of Rs. 29,804.38 crores as on September 30, 2023 are secured by specific assets
covered under hypothecation loan agreements and by way of exclusive charge and mortgage of immovable property and with a cover of
100% and above as per the terms of issue.
 SHRIRAM FINANCE LIMITED (formerly Shriram Transport Finance Company Limited)
CIN: L65191TN1979PLC007874
Regd. Office: Sri Towers, 14A, South Phase, Industrial Estate, Guindy, Chennai – 600 032, Tamil Nadu.
Tel. No: +91 44 4852 4666, Fax: +91 44 4852 5666. Website-www.shriramfinance.in, email-secretarial@shriramfinance.in

15. As on September 30, 2023 the security cover available in respect of secured non-convertible debt securities is 1.10 times. The security
cover certificate as per Regulation 54(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015 is attached as per Annexure 2.

16. The Company and its subsidiary Shriram Housing Finance Limited are in the business of financing and there are no separate reportable
segments identified as per Ind AS 108-Operating segments. Further its associate is primarily engaged in the business of facilitation
service.

17. The figures for the previous periods have been regrouped/ rearranged wherever necessary to conform to the current period/ year
presentation. There are no significant regroupings/ reclassification for the quarter under report.

For Shriram Finance Limited

(formerly Shriram Transport Finance Company Limited)

Y. S. Chakravarti
Place: Mumbai Managing Director & CEO
Date: October 26, 2023 DIN: 00052308
 SHRIRAM FINANCE LIMITED (formerly Shriram Transport Finance Company Limited)
CIN: L65191TN1979PLC007874
Regd. Office: Sri Towers, 14A, South Phase, Industrial Estate, Guindy, Chennai – 600 032, Tamil Nadu.
Tel. No: +91 44 4852 4666, Fax: +91 44 4852 5666. Website-www.shriramfinance.in, email-secretarial@shriramfinance.in

Information as required by Regulation 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

Annexure 1

Sr. Particulars Consolidated

No. Quarter Ended Half-Year Ended Year Ended
30.09.2023 30.06.2023 30.09.2022 30.09.2023 30.09.2022 31.03.2023
(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited)
Restated - Refer Restated - Refer
Note 7 Note 7

1. Debt-Equity Ratio (times)

1 3.75 3.75 3.90 3.75 3.90 3.77
2. Debt Service Coverage Ratio
2 NA NA NA NA NA NA
3. Interest Service Coverage Ratio
2 NA NA NA NA NA NA
4. Outstanding Redeemable Preference Shares (Quantity) Nil Nil Nil Nil Nil Nil
5. Outstanding Redeemable Preference Shares (Value) Nil Nil Nil Nil Nil Nil
(Rs. in crores)
6. Capital Redemption Reserve (Rs. in crores) 53.88 53.88 53.88 53.88 53.88 53.88
7. Debenture Redemption Reserve (Rs. in crores) 419.13 419.13 307.28 419.13 307.28 419.13
8. 3
Networth (Rs. in crores) 46,202.06 45,058.14 40,755.63 46,202.06 40,755.63 43,408.29
9. Net Profit After Tax (Rs. in crores) 1,791.83 1,712.19 1,578.56 3,504.02 2,930.19 6,020.03
10. Earnings Per Equity Share (Not annualised for the interim
periods)
Basic (Rs.) 47.61 45.53 42.16 93.14 78.26 160.54
Diluted (Rs.) 47.45 45.34 42.00 92.76 77.97 159.83
11. Current Ratio NA NA NA NA NA NA
12. Long Term Debt to Working Capital NA NA NA NA NA NA
13. Bad Debts to Accounts Receivable Ratio NA NA NA NA NA NA
14. Current Liability Ratio NA NA NA NA NA NA
15. Total Debts 4 to Total Assets 0.78 0.78 0.73 0.78 0.73 0.78
16. Debtors Turnover NA NA NA NA NA NA
17. Inventory Turnover NA NA NA NA NA NA
18. Operating Margin (%) NA NA NA NA NA NA
19. Net Profit Margin (%) 5 20.15% 20.64% 20.79% 20.39% 19.89% 19.73%
20. Sector Specific equivalent Ratios
6 NA NA NA NA NA NA
Capital Adequacy Ratio (%)
7 NA NA NA NA NA NA
Gross NPA Ratio (%)
8 NA NA NA NA NA NA
Net NPA Ratio(%)
9 NA NA NA NA NA NA
NPA Provision Coverage Ratio (%)
10 NA NA NA NA NA NA
Liquidity Coverage Ratio (%)

Note
1. Debt-equity ratio = (Debt securities + Borrowings (other than debt securities) + Deposit + Subordinated liabilities)/(Equity Share Capital + Other equity)
2. The Company is registered under the Reserve Bank of India Act, 1934 as Non-Banking Financial Company, hence these ratios are generally not applicable as per
proviso to Regulation 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
3. Networth is calculated as defined in section 2(57) of Companies Act 2013.
4. Total debts to total assets = (Debt securities + Borrowings (other than debt securities) + Deposit + Subordinated liabilities)/ Total assets.
5. Net profit margin = Net profit after tax/ Total Income.
6. Capital ratio = Total Capital funds/ Risk weighted assets, calculated as per applicable RBI guidelines.
7. Gross NPA ratio (%) = Gross stage 3 loans /Gross Loans.
8. Net NPA ratio (%) = Net stage 3 loans/(Gross loans - ECL on stage 3 loans) where Net stage 3 loans = Gross stage 3 loans - ECL on stage 3 loans.
9. NPA Provision coverage ratio (%) = ECL on stage 3 loans/ Gross stage 3 loans.
10. Liquidity Coverage Ratio (LCR) is calculated as per circular no. RBI/2019-20/88DDR.NBFC.(PD) CC. No. 102/03.10.001/2019-20 dated November 04, 2019 issued
by the Reserve Bank of India. As per the said circular, LCR is applicable from December 1, 2020.
11. NPA = Non-performing Assets.
 SHRIRAM FINANCE LIMITED (formerly Shriram Transport Finance Company Limited)
CIN: L65191TN1979PLC007874
Regd. Office: Sri Towers, 14A, South Phase, Industrial Estate, Guindy, Chennai – 600 032, Tamil Nadu.
Tel. No: +91 44 4852 4666, Fax: +91 44 4852 5666. Website-www.shriramfinance.in, email-secretarial@shriramfinance.in
Annexure 2

Consolidated Security Cover certificate as per Regulation 54(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
(Rs. in crores)
A B C D E F G H I J K L M N O
Particulars Description of Exclusive Exclusive Pari- Passu Pari-Passu Pari-Passu Assets not Elimination (Total Related to only those items covered by this certificate
asset for which Charge Charge Charge Charge Charge offered as (amount in C to I)
this certificate Security negative)
relate Debt for Other Secured Debt for Assets Other assets Debt amount Market Carrying/ book Market Carrying Total Value
which this Debt which this shared by on which considered Value for value for Value for value/ book (K + L + M +
certificate certificate pari-passu there is pari- more than Assets exclusive pari-passu value for pari- N)
being issued being issued debt holder passu charge once (due to charged on charge assets charge passu charge
(includes (excluding exclusive Exclusive where market Assets assets where
debt for items plus pari- basis value is not market value
which this Covered in passu charge ascertainable is not
certificate is column F) or applicable ascertainable
issued & or applicable
other debt Relating to Column F
Book Value Book Value Yes/ No Book Value Book Value

ASSETS
Property, Plant and Freehold Land 0.16 - 250.26 250.42 1.05 1.05
Equipment and Building
Capital Work-in- - - -
Progress
Right of Use Assets 579.22 579.22 -
Goodwill 1,740.94 1,740.94 -
Other Intangible 1,180.93 1,180.93 -
Assets
Intangible Assets - - -
under Development
Investments 7,916.85 7,916.85 -
Loans Loans / advances 32,881.81 100,536.90 62,648.98 196,067.69 32,881.81 32,881.81
given (net of
provisions, NPAs
and sell down
portfolio)
Inventories - - -
Trade Receivables 25.46 25.46 -
Cash and Cash 6,016.63 6,016.63 -
Equivalents
Bank Balances other 5,142.66 5,142.66 -
than Cash and Cash
Equivalents
Others 4,440.16 4,440.16 -
Total 32,881.97 100,536.90 - - - 89,942.09 - 223,360.96 1.05 32,881.81 - - 32,882.86
 SHRIRAM FINANCE LIMITED (formerly Shriram Transport Finance Company Limited)
CIN: L65191TN1979PLC007874
Regd. Office: Sri Towers, 14A, South Phase, Industrial Estate, Guindy, Chennai – 600 032, Tamil Nadu.
Tel. No: +91 44 4852 4666, Fax: +91 44 4852 5666. Website-www.shriramfinance.in, email-secretarial@shriramfinance.in
Annexure 2

Consolidated Security Cover certificate as per Regulation 54(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
(Rs. in crores)
A B C D E F G H I J K L M N O
Particulars Description of Exclusive Exclusive Pari- Passu Pari-Passu Pari-Passu Assets not Elimination (Total Related to only those items covered by this certificate
asset for which Charge Charge Charge Charge Charge offered as (amount in C to I)
this certificate Security negative)
relate Debt for Other Secured Debt for Assets Other assets Debt amount Market Carrying/ book Market Carrying Total Value
which this Debt which this shared by on which considered Value for value for Value for value/ book (K + L + M +
certificate certificate pari-passu there is pari- more than Assets exclusive pari-passu value for pari- N)
being issued being issued debt holder passu charge once (due to charged on charge assets charge passu charge
(includes (excluding exclusive Exclusive where market Assets assets where
debt for items plus pari- basis value is not market value
which this Covered in passu charge ascertainable is not
certificate is column F) or applicable ascertainable
issued & or applicable
other debt Relating to Column F
Book Value Book Value Yes/ No Book Value Book Value
LIABILITIES -
Debt securities to 29,804.52 - - 29,804.52 -
which this certificate
pertains
Other debt sharing pari- - - -
passu charge with
above debt
Other Debt 10,702.42 2,067.94 12,770.36 -
Subordinated debt 4,522.12 4,522.12 -
Borrowings 85,883.27 - 85,883.27 -
Bank - - -
Debt Securities - - -
Others 40,802.04 40,802.04 -
Trade payables 346.33 346.33 -
Lease Liabilities 656.12 656.12 -
Provisions 263.17 263.17 -
Others 1,699.68 1,699.68 -
Total 29,804.52 96,585.69 - - - 50,357.40 - 176,747.61 - - - - -
Cover on Book Value 1.10

Cover on Market
Value
Exclusive 1.10 Pari-Passu -
Security Security
Cover Ratio Cover Ratio
Notes:
1. We confirm that the Company has complied with the covenants mentioned in the disclosure documents of the Secured redeemable Non-convertible debentures for the period ended September 30, 2023.
2. The market value of Rs. 0.02 crore of the Freehold Land is on the basis of certified valuation done on May 23, 2022.
3. The market value of Rs. 1.02 crore of the Building is on the basis of certified valuation done on April 21, 2023