Shareholders clamor before Diwali, company is giving Rs 22 per share dividend, 5:1 stock split

On Friday, India’s prominent non-banking finance company, Shriram Finance, announced its results for the second quarter of fiscal year 2025. The company reported a 18.3% rise in post-tax profit, reaching ₹2,071.26 crore for the quarter, compared to ₹1,750.84 crore in the same quarter last year. Additionally, net interest income (NII) grew by 16.37%, totaling ₹5,606.74 crore, up from ₹4,818.18 crore in the same period last year.

Generous Dividend for Shareholders

Along with the July-September quarterly results, the company announced a dividend for its shareholders. The board approved an interim dividend of ₹22 per share, with a record date set for November 7. This means that shareholders listed in the company’s register as of this date will be eligible to receive the dividend.

Stock Split Announcement

The company also approved a 5:1 stock split, meaning each ₹10 face-value share will be split into five fully paid equity shares with a face value of ₹2 each. The record date for the stock split will be announced after receiving shareholder approval.

AUM Up by 20%

As of the July-September quarter, Shriram Finance’s total Assets Under Management (AUM) increased by 20%, reaching ₹2,43,042 crore. It stood at ₹2,02,641 crore as of September 30, 2023, and at ₹2,33,444 crore on June 30, 2024.FOR FD CALCULATION USE FD CALCULATOR NOW

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