Guidance ledger · Q4 FY26

Shriram Finance Ltd SHRIRAMFIN

4 revisions on record · 0 lowered · 2 raised — the strikethrough is what management used to say

gives specific guidance · shifted across quarters

Holding view → · latest concall · The pulse

↑ raised AUM growth FY27 target Q3 FY26 → Q4 FY26

~~15-17% historical run-rate (Q3FY26 framing)~~ → 18% budgeted, 13-15% for MSME, 20%+ for PV

“We have been growing around 16%-17%. We would like to grow another 3%-4% more, that is”

→ narrowed NIM FY26 exit target Q1 FY26 → Q4 FY26

~~8.5% by Q4 exit (Q1FY26 commitment)~~ → 8.61% Q4 actual; FY27 budget held at 8.5%

“Interest Margin 8.5.”

→ narrowed Credit cost FY27 Q1 FY26 → Q4 FY26

~~Under 2% (Q1FY26 guidance)~~ → Revisit after Q1FY27 - 'no change in our estimation' for now

“But we will be revisiting the number after the”

↑ raised Capital adequacy / leverage Q1 FY26 → Q4 FY26

~~Leverage 4.15x, CAR 20.4% (Q1FY26)~~ → Leverage 3.82x pre-infusion, ~2.4x post MUFG; CAR to 34%

“is 20.4% and post -equity infusion will be 34%.”

Method. Revisions come from management's own stated numbers, compared quarter over quarter across the covered concalls; each carries the verbatim quote. “No revisions” can also mean guidance too vague to pin down — see the posture chip above. Not investment advice.