a strengthened combined company with increased cross-sell potential and a lower financial risk profile that will fuel future growth
Highlights Combining company offers a broader, more diverse loan book. Solid distribution fueled a robust increase in AUM. Profitability was raised via margin growth and decreased operating expenses. Increasing collection quality while stabilising asset quality Merger synergies are anticipated to pay off With a mainly consistent asset quality, Shriram Finance (CMP: Rs 1,203, Market Cap: Rs 45,080 crore) posted strong quarterly results in Q3FY23. This was the merged entity’s first earnings announcement following the merger. Strong disbursements increase was seen across all product areas in car finance. Net…
