Shriram Finance's shares experienced a significant surge of 23 percent ahead of the release of its Q2 results on October 25.
Analysts are optimistic about the company's performance, projecting a year-on-year growth of 18 percent in net interest income (NII) to Rs 5,430 crore, compared to Rs 4,594 crore in the same quarter last year. Profit is also expected to increase by 18.6 percent YoY to Rs 2,077 crore, up from Rs 1,750 crore in Q2FY24. This growth is attributed to the strong growth in asset under management (AUM), driven by increased disbursements and loan growth during the July-September period.