Q2 FY27 profit jumps 59% as margin outlook softens
SHRIRAMFIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.4 pts less than Nifty 100 and 0.5 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Q2 FY27 profit after tax rose 59% to INR3,677 crore and loan assets rose 17% to INR329,022 crore. Net interest margin reached 9.52%, but management expects about 9% in the medium term and 8.5% long term. Credit cost was 2.03%; full-year guidance stayed at 2%, with a possible temporary 30-40 basis point rise. Loan asset growth guidance fell to 15%-17% from 18%. Dividend: INR6.5 per share. A question on an alleged Kerala loan issue went offline.
Profit growth and dividend support sentiment, but margin pressure, higher provisions, slower growth and an unanswered loan question may cap gains.