SHRIRAMFINNSE25 January 2024

Shriram Finance Limited has informed the Exchange about Investor Presentation

Shriram Finance Limited

SEC/FILING/BSE-NSE/23-24/68A-B

January 25, 2024

BSE Limited P. J. Towers, Dalal Street, Fort, Mumbai – 400 001. Scrip Code: 511218

National Stock Exchange of India Limited Listing Department Exchange Plaza, 5th Floor, Plot no. C/1, G- Block, Bandra-Kurla Complex, Mumbai – 400 051. NSE Symbol: SHRIRAMFIN

Dear Sirs,

Sub.: Investor Update / Presentation

Further to our letter dated 19th January 2024, and pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations And Disclosure Requirements) Regulations, 2015, we enclose herewith our Investor Update / Presentation.

Thanking you,

Yours faithfully,

For SHRIRAM FINANCE LIMITED

U BALASUNDARARAO COMPANY SECRETARY & COMPLIANCE OFFICER Encl.:a/a.



Shriram Finance Limited Investor Update – Q3 & 9M FY2024

January 25, 2024

Just another milestone in our growth journey

Performance Highlights

Performance Highlights – Q3 FY24 vs Q3 FY23

Total Income

17.28 %

Net Interest Income** 15.04 % **including Net Direct assignment Income

Rs. 731.2 Mn (Q3 FY23 Rs. 401.8 Mn)

PAT 2.33 %

Q3 FY24

Rs 89,273.0 mn

Q3 FY23

Rs 76,121.1 mn

Q3 FY24

Rs 50,939.3 mn

Q3 FY23

Rs 44,278.8 mn

Q3 FY24

Rs 18,183.4 mn

Q3 FY23

Rs 17,769.7 mn

EPS 2.02 %

Q3 FY24

Rs 48.42

Q3 FY23

Rs 47.46

Performance Highlights – 9M FY24 vs 9M FY23

Total Income

9M FY24 15.73 % 9M FY23

Rs 254,997.6 mn

Rs 220,337.4 mn

Net Interest Income** 14.65 % **including Net Direct assignment Income

9M FY23

Rs. 2,532.2 Mn (9M FY23 1,452.6 Rs. mn)

Rs 125,171.8 mn

9M FY24

Rs 143,507.9 mn

PAT

EPS

9M FY24

Rs 52,446.2 mn

12.28 %

9M FY23

Rs 46,710.3 mn

9M FY24

Rs 139.83

12.09 %

9M FY23

Rs 124.75

Performance Highlights – Q3 FY24 vs Q3 FY23

AUM 20.70 %

Q3 FY24

Rs 2,142,334.7 mn

Q3 FY23 Rs 1,774,980.2 mn

Gross Stage 3 Assets 8.08 %

Q3 FY24

Rs 119,522.6 mn

Q3 FY23

Rs 110,586.1 mn

Net Stage 3 Assets 2.25 %

Q3 FY24

Rs 55,730.0 mn

Q3 FY23

Rs 54,505.5 mn

Book Value 10.58 %

Q3 FY24

Rs 1,252.8

Q3 FY23

Rs 1,132.9

Assets under Management (AUM), Provision Analysis and Geographical Distribution

AUM Break-up

**Off Books pertains to Direct assignment portfolio.

Particulars (Rs. mn)Q3 FY24Q2 FY24Q1 FY24Q3 FY23YoY (%)QoQ (%)FY23Loan Portfolio- On Books Balance sheet assets1,876,421.2 1,760,067.7 1,677,638.3 1,567,662.6 19.70%6.61%1,620,893.0 Securitised assets234,140.5 235,879.3 229,580.5 190,749.6 22.75%-0.74%212,491.2 Total On books2,110,561.7 1,995,947.0 1,907,218.8 1,758,412.2 20.03%5.74%1,833,384.2 - Off Books**31,773.0 30,462.6 24,927.8 16,568.0 91.77%4.30%23,444.4 Total AUM 2,142,334.7 2,026,409.6 1,932,146.6 1,774,980.2 20.70%5.72% 1,856,828.6 Segment-wise AUM Break-up

YoY (%)QoQ (%)Amt%Amt%Amt%Amt%Amt%Commercial Vehicles1,024,651.247.83%984,362.748.58%959,047.4 49.64%906,152.4 51.05%13.08%4.09%932,949.2 50.24%Passenger Vehicles415,342.119.39%396,935.119.59%362,919.7 18.78%317,650.8 17.90%30.75%4.64%338,726.4 18.24%Construction Equipments162,228.07.57%150,582.07.43%146,261.5 7.57%138,671.8 7.81%16.99%7.73%143,627.3 7.74%Farm Equipments33,563.61.57%34,796.91.72%34,191.2 1.77%33,296.5 1.88%0.80%-3.54%34,788.1 1.87%MSME230,858.910.78%213,103.510.52%200,448.0 10.37%177,115.2 9.98%30.34%8.33%191,507.9 10.31%Two Wheelers121,397.25.67%104,190.65.14%100,234.6 5.19%100,048.9 5.64%21.34%16.51%103,692.4 5.58%Gold58,910.02.75%54,055.22.67%49,847.7 2.58%44,369.7 2.50%32.77%8.98%44,783.9 2.41%Personal Loans95,383.74.45%88,383.84.36%79,196.5 4.10%57,675.0 3.25%65.38%7.92%66,753.5 3.61%Total AUM2,142,334.7100.00%2,026,409.6100.00%1,932,146.6 100.00%1,774,980.2 100.00%20.70%5.72%1,856,828.6 100.00%FY23Q3 FY23Product(Rs. mn)Q1 FY24Q3 FY24Q2 FY24Provision Analysis

Particulars (Rs. in mn)Q3 FY24Q2 FY24Q1 FY24Q3 FY23YoY (%)QoQ (%) FY23Gross Stage 3119,522.6115,563.2115,088.8110,586.18.08%3.85%113,821.8ECL provision-Stage 363,792.661,361.560,475.456,080.613.75%5.49%57,073.3Net Stage 355,730.054,201.754,613.554,505.52.25%2.04%56,748.5Gross Stage 3 (%)5.66%5.79%6.03%6.29%-9.95%-6.15%6.21%Net Stage 3 (%)2.72%2.80%2.96%3.20%-14.96%-7.93%3.19%Coverage Ratio (%) Stage 353.37%53.10%52.55%50.71%5.25%1.57%50.14%Gross Stage 2147,923.3143,250.3149,643.8163,005.4-9.25%-1.15%163,362.9ECL provision-Stage 210,449.89,743.010,464.910,779.1-3.06%-0.14%11,052.9Net Stage 2137,473.5133,507.3139,178.9152,226.4-9.69%-1.23%152,310.0Gross Stage 2 (%)7.01%7.18%7.85%9.27%-24.39%-10.67%8.91%ECL provision (%) Stage 27.06%6.80%6.99%6.61%6.83%1.02%6.77%Gross Stage 11,843,115.81,737,133.41,642,486.11,484,830.824.13%12.21%1,556,198.8ECL provision-Stage 157,363.953,115.047,817.141,119.639.50%19.97%45,412.8Net Stage 11,785,751.91,684,018.41,594,669.01,443,711.223.69%11.98%1,510,786.0Gross Stage 1 (%)87.33%87.03%86.12%84.44%3.42%1.40%84.88%ECL provision (%) Stage 13.11%3.06%2.91%2.77%12.39%6.91%2.92%Product wise Provision Analysis – Dec’23

Particulars (Rs. mn)Passenger VehiclesConstruction EquipmentsFarm EquipmentsMSMETwo WheelersGoldPersonal LoansTotalGross Stage 361,940.6 22,013.4 10,619.1 3,182.2 11,792.8 4,046.1 1,127.8 4,800.7 119,522.6 ECL provision-Stage 333,381.1 11,255.3 5,558.4 1,440.4 7,328.6 2,278.0 91.4 2,459.5 63,792.6 Net Stage 328,559.5 10,758.1 5,060.7 1,741.8 4,464.2 1,768.1 1,036.4 2,341.2 55,730.0 Gross Stage 3 (%)6.13%5.42%6.62%9.73%5.23%3.33%1.91%5.03%5.66%Net Stage 3 (%)2.92%2.73%3.27%5.57%2.05%1.48%1.76%2.52%2.72%Coverage Ratio (%) Stage 353.89%51.13%52.34%45.26%62.14%56.30%8.10%51.23%53.37%Gross Stage 267,461.7 25,770.1 11,180.7 3,306.8 18,392.2 8,829.7 5,523.8 7,458.2 147,923.3 ECL provision-Stage 25,643.5 2,193.4 944.7 259.0 911.8 217.0 7.8 272.6 10,449.8 Net Stage 261,818.2 23,576.7 10,236.1 3,047.8 17,480.5 8,612.6 5,516.1 7,185.67 137,473.5 Gross Stage 2 (%)6.68%6.35%6.97%10.11%8.15%7.27%9.38%7.82%7.01%ECL provision (%) Stage 28.37%8.51%8.45%7.83%4.96%2.46%0.14%3.65%7.06%Gross Stage 1880,854.5 358,094.1 138,609.1 26,224.1 195,429.5 108,521.5 52,258.4 83,124.7 1,843,115.8 ECL provision-Stage 129,465.2 11,995.3 4,644.2 902.1 5,211.0 2,618.0 73.5 2,454.7 57,363.9 Net Stage 1851,389.3 346,098.8 133,964.9 25,322.0 190,218.5 105,903.5 52,184.9 80,670.1 1,785,751.9 Gross Stage 1 (%)87.19%88.23%86.41%80.16%86.62%89.39%88.71%87.15%87.33%ECL provision (%) Stage 13.35%3.35%3.35%3.44%2.67%2.41%0.14%2.95%3.11%Commercial Vehicles11

Geographical Units (GU) BranchesUrbanSemi-urbanRuralTotalPuducherry- 7 7 14 Tamil Nadu73 200 428 701 GU1 Total73 207 435 715 Andhra Pradesh30 115 153 298 Odisha- 23 29 52 Telangana46 56 101 203 GU2 Total76 194 283 553 Bihar16 40 38 94 Goa- - 3 3 Jharkhand13 21 12 46 Maharashtra51 77 146 274 Uttar Pradesh33 91 54 178 Uttarakhand- 10 9 19 GU3 Total113 239 262 614 GU1GU2 GU3Branch Offices

Customers

Employees

Business Team

Rural Centres

Geographical Units (GU) BranchesUrbanSemi-urbanRuralTotalDadra and Nagar Haveli- - 1 1 Delhi16 2 - 18 Gujarat22 53 39 114 Haryana3 41 20 64 Himachal Pradesh- 4 32 36 Jammu and Kashmir1 3 11 15 Madhya Pradesh21 61 107 189 Punjab8 35 24 67 Chandigarh3 - - 3 Rajasthan14 53 66 133 GU4 Total88 252 300 640 Assam- 12 18 30 Chhattisgarh5 18 50 73 Karnataka24 64 132 220 Kerala5 22 88 115 Manipur- 1 - 1 Meghalaya- 1 - 1 Sikkim- 1 2 3 Tripura- 2 2 4 West Bengal17 25 26 68 GU5 Total51 146 318 515 Grand Total401 1,038 1,598 3,037 GU4 GU5 TotalBranch & AUM distribution – Q3 FY24 vs Q3 FY23

Branch (Nos)

AUM (Rs in bn)

Total Branch 3,037

Total AUM Rs 2,142.3 bn

Total Branch 2,901

Urban branches represents places where population in more than 10 Lakh Semi-urban branches represents places where population in between 1 Lakh to 10 Lakh Rural branches represents places where population in less than 1 Lakh

Total AUM Rs 1,775.0 bn

Urban, 401 Rural, 1,598 Semi-Urban, 1,038 Q3 FY24Urban, 314.5 Rural, 1,065.8 Semi-Urban, 762.0 Q3 FY24Urban, 401 Rural, 1,502 Semi-Urban, 998 Q3 FY23Urban, 269.3 Rural, 867.7 Semi-Urban, 638.0 Q3 FY23Shriram Super App

Overview

Horizontals

Paytech

Product journey

Popular Services

Popular games

Service

Lists of Modules - 105

Horizontal

Identity Access Management

Credit Score

Onboarding

Collections

Home Screen | Bottom Nav| Hamburger

Profile Settings

BBPS - 23

UPI

Work in Progress

Completed - in CUG

Products

Two Wheeler Loan Voucher

Four Wheeler insurance

Fraud Management

Mini Programs - 12

Fixed Deposits

Two Wheeler insurance

Services - 10

Calculators

Nudges

Rewards

Lending Lead Forms - 14

Personal Accident

Online Personal Loan

GI - Lead Forms - 4

Branch Locator

Content Management System

App Notification

App Performance & Analytics

App Communication | Vernacular

Vehicle Information

Cross Sell - Augment Gold

About us | T&C | Help & Support

Product POP - UP

Cross Sell Redirection

Refer a Friend

App Content | FAQs

Business Loan

Used Car Finance

Investment Plans

Savings Plans

Protection Plans

Child Plans

Retirement Plans

Shriram Life Genius Assured Benefit Plan

LI - Lead Forms - 3

Shriram Chits Lead Form

Shriram Housing Lead Form

Customer Journey

Engagement (Pre Onboarding)

• Target Audience

•

Intent/Context

• Channel

• Timing

• Content

Engagement (Application)

• Drop-off

assistance

Offer Generation Stage

• Customer

Eligibility Check

• Offer amount

• Offer price

• Product

(Flexi/STPL/Term)

• Process

4 Credit Underwriting Stage

• Dedupe

• POA

• POI

• Tele caller Verification

• CO

Decisioning

• Consent

• Disbursement

Cross Sell

•

Insurance (LI/GI)

• HEMI

• Credit Card

• Consumer Durable

• Card Protection

Plan

• RDPL

Collections

• Allocation

• Skip tracing

Engagement (Post Sales)

• Channel

• Timing

• Service

ShriramOne

Shriram One is an One stop solution for all of user’s financial needs.

It manages all the needs a user could have in one place such as loans, payments, investments, Insurance, credit score check and so much more. This reduces the need to download multiple apps to perform different functions.

We are moving with an end goal of having everything from social networking, shopping, banking services, and more. All with end-users in mind.

There is no alternative to digital transformation. Visionary companies will carve out new strategic options for themselves — those that don’t adapt, will fail.”

ShriramOne - Screens

Home Screen

UPI Home Page

BBPS Home Page

My Accounts

Refer a Friend

Customer Launch Overview

18th September

27th September

Launched on Google Play store

Launched on iOS App store

What next?

Onboarding the exisitng set of SFL Customers on ShriramOne

Shriram One App Summary

1,316,937 Total Installations

13,16,937

12,62,534

Data: Launch till date*

BBPS

Overview

UPI Overview

TXNs 157K

Value 328 Mn

TXNs 1100K

Value 673 Mn

FD Overview

Leads 22K

Value 102 Mn

4,88,680

3,86,678

2,59,779

1,20,385

1,39,394

Installs

Onboarded

UPI Register

1st UPI Payment

Lending Leads

Business Needs Personal Needs

UPIUPI LendingPersonal Register Register % LeadsLeadsTill September 126,417 121,881 96% 50,327 41% 42,275 84% 52,911 11,944 40,967 October 189,059 183,664 97% 30,790 17% 21,823 71% 93,815 32,367 61,448 November 97,306 93,952 97% 7,746 8% 3,059 39% 30,013 20,401 9,612 December 408,045 392,060 96% 165,948 42% 130,046 78% 42,676 29,045 13,631 January* 496,110 470,977 95% 233,869 50% 189,475 81% 40,364 26,628 13,736 Total 1,316,937 1,262,534 96% 488,680 39% 386,678 79% 259,779 120,385 139,394 *till 24 January 2024 Business LeadsMonth InstallsOnboardedOnboarded %1st UPI Payments1st UPI Payment %Financial Statements

P&L Statement

Particulars (Rs. mn) Q3 FY24 Q2 FY24 Q1 FY24 Q3 FY23 YoY (%)QoQ (%)9M FY249M FY23YoY (%)FY23Interest income88,438.7 84,805.1 79,566.7 75,699.1 16.83%4.28%252,810.5 219,230.1 15.32%296,396.4 Interest expended37,499.4 36,623.3 35,179.9 31,420.3 19.35%2.39%109,302.6 94,058.3 16.21%126,765.7 Net interest income50,939.3 48,181.8 44,386.8 44,278.8 15.04%5.72%143,507.9 125,171.8 14.65%169,630.7 Staff cost8,099.1 7,903.8 7,903.9 6,391.0 26.73%2.47%23,906.8 18,153.9 31.69%25,061.1 Other Operating expenditure6,770.1 6,295.0 5,713.2 5,280.2 28.22%7.55%18,778.3 15,449.9 21.54%22,683.6 Operating expenditure14,869.2 14,198.8 13,617.1 11,671.2 27.40%4.72%42,685.1 33,603.8 27.02%47,744.7 Core operating profit36,070.1 33,983.0 30,769.7 32,607.6 10.62%6.14%100,822.8 91,568.0 10.11%121,886.0 Other income823.1 825.3 492.6 408.2 101.64%-0.27%2,141.0 1,062.1 101.58%1,554.6 Operating profit36,893.2 34,808.3 31,262.3 33,015.8 11.74%5.99%102,963.8 92,630.1 11.16%123,440.6 Loan Losses & Provisions12,497.0 11,285.5 8,786.1 9,172.3 36.25%10.74%32,568.6 29,745.1 9.49%41,591.7 Profit before tax 24,396.2 23,522.8 22,476.2 23,843.5 2.32%3.71%70,395.2 62,885.0 11.94%81,848.9 Tax Expense6,212.9 6,014.4 5,721.8 6,073.8 2.29%3.30%17,949.1 16,174.7 10.97%22,055.5 Profit after tax18,183.3 17,508.4 16,754.4 17,769.7 2.33%3.85%52,446.1 46,710.3 12.28%59,793.4 Other comprehensive Income (Net)(514.2) 990.5 (767.7) (205.0) 150.83%-151.91%(291.4) (1,430.8) -79.63%(258.2) Total Comprehensive Income 17,669.1 18,498.9 15,986.7 17,564.7 0.59%-4.49%52,154.7 45,279.5 15.18%59,535.2 EPS (Rs)48.42 46.67 44.73 47.46 2.02%3.75%139.83 124.75 12.09%159.69 Summarised Balance Sheet

Particulars (Rs. mn)Dec-23Sep-23Jun-23Dec-22YoY(%)QoQ (%)Mar-23I. AssetsFinancial Assetsa) Cash and bank balances126,028.7 106,756.7 150,044.0 167,437.1 -24.73%18.05%158,174.1 b) Loans1,978,955.9 1,871,727.9 1,788,461.9 1,650,433.4 19.91%5.73%1,719,845.8 c) Investments93,341.4 90,514.0 83,339.3 93,595.8 -0.27%3.12%85,650.6 d) Other-financial assets6,721.7 7,104.0 9,429.8 9,814.9 -31.52%-5.38%10,186.3 Non-financial assetsa) Goodwill14,067.3 14,067.3 14,067.3 14,086.3 -0.13%0.00%14,067.3 b) Other non-financial assets53,428.5 51,555.3 49,658.5 48,133.2 11.00%3.63%48,714.5 Total Assets2,272,543.5 2,141,725.2 2,095,000.8 1,983,500.7 14.57%6.11%2,036,638.6 II. Liabilities and EquityFinancial Liabilitiesa) Debts1,774,701.8 1,653,443.5 1,619,465.6 1,533,365.5 15.74%7.33%1,579,062.9 b) Other financial liabilities21,638.3 21,811.3 19,433.7 18,282.0 18.36%-0.79%18,788.1 Non-financial Liabilities5,658.6 6,123.8 6,839.7 7,650.8 -26.04%-7.60%5,721.2 Total Equity470,544.8 460,346.6 449,261.8 424,202.4 10.92%2.22%433,066.4 Total Liabilities and Equity2,272,543.5 2,141,725.2 2,095,000.8 1,983,500.7 14.57%6.11%2,036,638.6 Key Metrics – Q3 FY24

P&L Metrics (Rs. mn)Q3 FY24Q2 FY24Q1 FY24Q3 FY23YoY (%)QoQ (%)9M FY249M FY23YoY (%)FY23Interest Income88,438.7 84,805.1 79,566.7 75,699.1 16.83%4.28%252,810.5 219,230.1 15.32%296,396.4 Less: Interest Expenses37,499.4 36,623.3 35,179.9 31,420.3 19.35%2.39%109,302.6 94,058.3 16.21%126,765.7 Net Interest Income50,939.3 48,181.8 44,386.8 44,278.8 15.04%5.72%143,507.9 125,171.8 14.65%169,630.7 Other Operating Income & Other Income823.1 825.3 492.6 408.2 101.64%-0.27%2,141.0 1,062.1 101.58%1,554.6 Profit After Tax18,183.3 17,508.4 16,754.4 17,769.7 2.33%3.85%52,446.1 46,710.3 12.28%59,793.4 EPS (Rs.)48.42 46.67 44.73 47.46 2.02%3.75%139.83 124.75 12.09%159.69 Cost to income Ratio (%)25.14%25.68%27.34%22.23%13.09%-2.10%26.00%23.25%11.83%24.57%NIM8.99%8.93%8.33%8.52%5.52%0.67%8.77%8.31%5.58%8.37%Key Metrics – Q3 FY24 (Contd.)

Balance Sheet Metrics (Rs. mn)Q3 FY24Q2 FY24Q1 FY24Q3 FY23YoY (%)QoQ (%)9M FY249M FY23YoY (%)FY23Networth469,499.1 459,300.9 448,216.1 423,156.6 10.95%2.22%469,499.1 423,156.6 10.95%432,020.7 Book Value (Rs.)1,252.80 1,226.46 1,198.55 1,132.94 10.58%2.15%1,252.80 1,132.94 10.58%1,156.61 Interest Coverage (x)2.38 2.34 2.28 2.42 -1.65%1.71%2.33 2.34 -0.43%2.35 ROA (%)3.11%3.12%3.10%3.39%-8.26%-0.32%3.11%3.04%2.35%2.89%ROE (%)15.54%15.31%15.27%17.12%-9.23%1.50%15.38%15.79%-2.60%14.84%Tier I CRAR %20.01%21.05%21.27%21.39%-6.45%-4.94%20.01%21.39%-6.45%21.20%Tier II CRAR %1.00%1.10%1.13%1.60%-37.50%-9.09%1.00%1.60%-37.50%1.41%Total CRAR %21.01%22.15%22.40%22.99%-8.61%-5.15%21.01%22.99%-8.61%22.61%Borrowing Profile

Borrowing Profile

ProductAmt in bn%Amt in bn%Amt in bn%Amt in bn%Commercial Paper 24.6 1.39% 17.8 1.08% - 0.00% - 0.00%Non-Convertible Debentures 309.5 17.44% 288.5 17.45% 325.9 21.26% 302.4 19.15%Public Deposit 431.2 24.30% 408.0 24.68% 344.9 22.49% 4.6 0.29%Securitisation 249.5 14.06% 250.0 15.12% 202.7 13.22% 361.4 22.89%Subordinated debts 43.4 2.45% 43.7 2.64% 46.4 3.02% 221.1 14.00%Term Loan 460.9 25.97% 423.0 25.58% 410.6 26.78% 45.2 2.86%External Commercial Bond 108.5 6.11% 107.0 6.47% 123.5 8.06% 412.0 26.09%ECB Loans 120.1 6.77% 108.6 6.57% 71.4 4.66% 134.1 8.49%Other Borrowing 26.9 1.51% 6.6 0.40% 7.9 0.52% 98.3 6.23%Total 1,774.7 100.00% 1,653.4 100.00% 1,533.3 100.00% 1,579.1 100.00%Q3 FY24Q2 FY24Q3 FY23Q4 FY23ALM Statement as on December 31, 2023

Liquidity Coverage Ratio was 256.25 % as on December 31, 2023.

Particulars (Rs. mn)One monthOver one month to 2 monthsOver 2 months to 3 months Over 3 months to 6 months Over 6 months to one yearOver one year to 3 yearsOver 3 to 5 years Over 5 years TotalTotal Outflows 82,206.40 54,993.70 138,296.60 158,865.70 267,064.20 731,958.80 243,989.40 616,484.10 2,293,858.90 Total Intflows 132,173.80 79,760.20 139,432.90 231,409.10 415,106.90 903,850.00 223,385.50 147,377.60 2,272,496.00 Mismatch or Surplus/(Deficit) 49,967.40 24,766.50 1,136.30 72,543.40 148,042.70 171,891.20 (20,603.90) (469,106.50) (21,362.90)Cum. Mismatch or Surplus/(Deficit) 49,967.40 74,733.90 75,870.20 148,413.60 296,456.30 468,347.50 447,743.60 (21,362.90)Shareholding

Shareholding Pattern as on December 31, 2023 vs December 31, 2022

No. of shares outstanding: 375.6 mn

No. of shares outstanding: 374.4 mn

Promoters & Promoters group*, 25.43%FII & FPI , 53.97%NRI, 0.14%MF/Bank/Insurance , 15.05%Other Corporate Body , 0.80%Public , 4.61%Q3 FY24Details of Promoters/Promoter Group*Holding (%)Shriram Capital Private Limited17.87(Formerly Shriram Financial Ventures (Chennai) Private Limited)Shriram Value Services Limited3.46Shriram Ownership Trust2.09Sanlam Life Insurance Limited2.01Total25.43Promoters & Promoters group, 25.29%*FII & FPI , 42.91%NRI, 7.39%MF/Bank/Insurance , 10.91%Other Corporate Body , 8.59%Public, 4.91%Q3 FY23Details of Promoters/Promoter Group*Holding (%)Shriram Capital Private Limited17.94%(Formerly Shriram Financial Ventures (Chennai) Private Limited)Shriram Value Services Limited3.25%Shriram Ownership Trust2.09%Sanlam Life Insurance Limited2.01%Total25.29%List of Key Shareholders as on December 31, 2023

Key Shareholders Shareholding As on December 31, 2023 (mn Shares)% Promoter and Promoter Group95.5 25.43 Government of Singapore18.6 4.96 Government Pension Fund Global8.7 2.31 Kotak Mahindra Trustee Co Ltd. (under diff sub accounts)8.6 2.28 BNP Paribas Financial Markets 5.1 1.37 New World Fund Inc4.6 1.24 Aditya Birla Sun Life Trustee Private Limited (under diff sub accounts)4.6 1.22 Mirae Asset Midcap Fund 4.5 1.19 T. Rowe Price Emerging Markets Discovery Stock Trust 3.9 1.05 Public and Others221.4 58.95 Total375.6 100.00 Consistent track record and high growth potential has attracted reputed institutional and private equity investors to infuse

growth capital

 Details of last Equity fund raising :

1. On November 25, 2021, allotted 1.736 mn equity shares of face value of Rs. 10/- each aggregating to Rs. 2.5 bn to Shriram Capital Limited, Promoter of the Company for conversion of warrants at a price of Rs. 1,440/- per equity Share (including a premium of Rs. 1,430/- per equity share) on receipt of balance subscription money of Rs. 1.9 bn for allotment of 1,736,100 Warrants convertible into Equity Shares at Rs. 1.080/- per Warrant, being 75% of the Issue price of Rs. 1,440/- of the Warrants. The entire proceeds have been utilised for the objects of the Preferential Issue. Pursuant to allotment of the Equity Shares in the Preferential Issue, the paid-up share capital of the Company stood increased on November 25, 2021 from Rs. 2,687,836,130/- to Rs. 2,705,197,130/- comprising of 270,519,713 equity shares of face value of Rs. 10/- each.

2. On July 8, 2021, allotted 1.736 mn equity shares of face value of Rs. 10/- each aggregating to Rs. 2.5 bn on a preferential basis to Shriram Capital Limited, Promoter of the Company (Preferential Issue) for cash at a price of Rs. 1,440/- per equity Share (including a premium of Rs. 1,430/- per equity share). Further the Company allotted 1.736 mn warrants convertible into equity shares of face value of Rs. 10/- each aggregating to Rs. 2.5 bn on a preferential basis to Shriram Capital Limited, for cash at a price of Rs. 1,440/- per equity share (including a premium of Rs. 1,430/- per equity share) and had received the warrant subscription money of Rs. 0.62 bn, being 25% of the Issue price i.e. Rs. 360/- per Warrant.

3. On June 12, 2021, allotted 13.986 mn equity shares of face value of Rs. 10/- each aggregating to Rs. 19.99 bn to the eligible Qualified Institutional Buyers (QIB) for cash at a price of Rs. 1,430/- per equity share (including a premium of Rs. 1,420/- per equity share).

Subsidiary

For any Investor Relations Shriram Housing Finance Limited queries please contact (SHFL)

AUM Break-up

For any Investor Relations queries please contact

**Off Books pertains to Direct assignment portfolio & Colending

Particulars (Rs. mn)Q3 FY24Q2 FY24Q1 FY24Q3 FY23YoY (%)QoQ (%)FY23Loan Portfolio- On Books Balance sheet assets87,822.7 82,761.1 73,901.7 57,518.1 52.69%6.12%63,636.3 Securitised assets8,913.4 6,947.0 6,027.4 2,864.7 211.15%28.30%3,700.1 Total On books96,736.1 89,708.1 79,929.1 60,382.8 60.20%7.83%67,336.4 - Off Books**23,515.3 18,452.1 15,462.9 11,398.8 106.30%27.44%13,129.6 Total AUM 120,251.4 108,160.3 95,392.0 71,781.6 67.52%11.18% 80,466.0 Assets under Management

Segment (Rs. mn) Q3FY24Q2 FY24Q1 FY23Q3 FY23 YoY (%) QoQ (%) FY23HL66,580.3 60,515.4 54,615.6 42,520.2 56.58%10.02%47,487.5 LAP43,612.8 38,428.7 32,101.6 20,412.7 113.65%13.49%24,153.4 MLAP298.8 74.5 1.7 - - 301.23%- Top up5,937.7 5,291.1 4,619.4 3,475.2 70.86%12.22%4,082.9 CF2,996.7 2,951.6 3,238.3 4,113.2 -27.15%1.53%3,856.5 CL825.2 899.0 815.4 1,260.2 -34.52%-8.22%885.7 Total AUM 120,251.4 108,160.3 95,392.0 71,781.6 67.52%11.18% 80,466.0 P & L Statement

Particulars (Rs. mn) Q3 FY24 Q2 FY24 Q1 FY24 Q3 FY23 YoY (%)QoQ (%)9M FY249M FY23YoY (%)FY23Interest income2,999.5 2,734.4 2,310.6 1,802.3 66.43%9.69%8,044.5 4,738.0 69.79%6,611.0 Interest expended1,963.8 1,760.1 1,457.9 1,026.1 91.38%11.57%5,181.8 2,716.0 90.79%3,922.8 Net interest income1,035.7 974.3 852.7 776.2 33.44%6.30%2,862.7 2,022.0 41.58%2,688.2 Other Operating Income874.4 668.4 645.3 313.3 179.09%30.82%2,188.2 862.3 153.75%1,216.7 Operating income1,910.2 1,642.8 1,498.0 1,089.5 75.32%16.28%5,050.9 2,884.3 75.12%3,905.0 Staff cost671.1 611.5 570.3 319.8 109.81%9.75%1,852.8 794.8 133.13%1,205.2 Other Operating expenditure327.1 280.2 227.7 170.0 92.41%16.72%835.0 555.9 50.20%815.5 Operating expenditure998.1 891.7 797.9 489.8 103.77%11.94%2,687.8 1,350.6 99.00%2,020.7 Core operating profit912.0 751.1 700.1 599.7 52.09%21.43%2,363.2 1,533.7 54.09%1,884.3 Other income1.5 3.7 0.9 1.0 57.76%-59.51%6.1 5.5 11.48%10.3 Operating profit913.5 754.8 701.0 600.6 52.10%21.03%2,369.3 1,539.2 53.93%1,894.6 Loan Losses & Provisions93.8 115.0 95.7 110.4 -15.02%-18.43%304.6 187.7 62.23%195.0 Profit before tax 819.7 639.8 605.2 490.2 67.21%28.12%2,064.7 1,351.4 52.78%1,699.6 Tax Expense204.5 157.6 148.9 126.4 61.82%29.82%511.0 345.3 47.99%322.1 Profit after tax615.2 482.2 456.4 363.8 69.08%27.57%1,553.8 1,006.2 54.42%1,377.5 Other comprehensive Income (Net)16.2 (4.9) (2.7) (3.5) 564.93%434.38%8.7 (6.0) 243.49%(4.0) Total Comprehensive Income 631.4 477.4 453.7 360.3 75.22%32.26%1,562.4 1,000.1 56.22%1,373.5 EPS (Rs)1.88 1.48 1.40 1.12 67.83%27.14%4.74 3.09 53.28%4.23 Summarized Balance Sheet

Particulars (Rs. mn)Dec-23Sep-23Jun-23Dec-22YoY(%)QoQ (%)Mar-23I. AssetsFinancial Assetsa) Cash and bank balances5,607.9 4,836.2 3,387.8 1,388.8 303.78%15.96%4,895.4 b) Loans95,962.8 89,008.0 79,328.1 59,812.4 60.44%7.81%66,813.5 c) Investments2,532.3 2,537.7 4,258.5 2,921.5 -13.32%-0.21%2,568.8 d) Other-financial assets2,750.0 2,321.5 2,069.4 1,824.4 50.73%18.46%1,800.7 Non-financial assets2,105.6 1,738.8 1,543.6 1,609.2 30.85%21.10%1,348.2 Total Assets108,958.6 100,442.2 90,587.3 67,556.3 61.29%8.48%77,426.7 II. Liabilities and EquityFinancial Liabilitiesa) Debts91,935.0 84,379.6 75,367.6 53,513.7 71.80%8.95%62,960.6 b) Other financial liabilities1,782.0 1,550.4 1,269.4 973.4 83.08%14.94%1,117.1 Non-financial Liabilities594.3 500.5 497.7 473.5 25.51%18.75%357.1 Total Equity14,647.3 14,011.7 13,452.6 12,595.8 16.29%4.54%12,991.9 Total Liabilities and Equity108,958.6 100,442.2 90,587.3 67,556.3 61.29%8.48%77,426.7 Provision Analysis

Particulars (Rs. in mn)Q3 FY24Q2 FY24Q1 FY24Q3 FY23YoY (%)QoQ (%) FY23Gross Stage 3975.0969.1798.0696.440.00%0.61%624.3ECL provision-Stage 3248.8230.7197.5169.846.56%7.87%158.8Net Stage 3726.2738.5600.5526.637.89%-1.66%465.5Gross Stage 3 (%)1.01%1.08%1.00%1.15%-12.61%-6.70%0.93%Net Stage 3 (%)0.75%0.82%0.75%0.87%-13.95%-7.69%0.69%Coverage Ratio (%) Stage 325.52%23.80%24.75%24.38%4.68%7.22%25.44%Gross Stage 21,423.81,071.91,020.9747.290.55%32.83%997.0ECL provision-Stage 2118.978.135.422.8421.23%52.20%42.7Net Stage 21,304.8993.7985.4724.480.14%31.31%954.3Gross Stage 2 (%)1.47%1.19%1.28%1.24%18.94%23.18%1.48%ECL provision (%) Stage 28.35%7.29%3.47%3.05%173.54%14.58%4.28%Gross Stage 194,337.387,667.178,110.258,939.260.06%7.61%65,715.1ECL provision-Stage 1405.5391.4368.1377.87.34%3.62%321.4Net Stage 193,931.887,275.877,742.158,561.560.40%7.63%65,393.7Gross Stage 1 (%)97.52%97.72%97.72%97.61%-0.09%-0.21%97.59%ECL provision (%) Stage 10.43%0.45%0.47%0.64%-32.93%-3.71%0.49%Key Metrics

P&L Metrics (Rs. mn)Q3 FY24Q2 FY24Q1 FY24Q3 FY23YoY (%)QoQ (%)9M FY249M FY23YoY (%)FY23Interest Income2,999.5 2,734.4 2,310.6 1,802.3 66.43%9.69%8,044.5 4,738.0 69.79%6,611.0 Less: Interest Expenses1,963.8 1,760.1 1,457.9 1,026.1 91.38%11.57%5,181.8 2,716.0 90.79%3,922.8 Net Interest Income1,035.7 974.3 852.7 776.2 33.44%6.30%2,862.7 2,022.0 41.58%2,688.2 Other Operating Income & Other Income876.0 672.2 646.2 314.3 178.72%30.32%2,194.4 867.8 152.85%1,227.1 Profit After Tax615.2 482.2 456.4 363.8 69.08%27.57%1,553.8 1,006.2 54.42%1,377.5 EPS (Rs.)1.88 1.48 1.40 1.12 67.83%27.14%4.743.0953.28%4.23 Cost to income Ratio (%)52.21%54.16%53.23%44.92%16.24%-3.59%53.15%46.74%13.72%51.61%NIM8.20%7.75%8.14%7.49%9.46%5.80%7.79%7.14%9.13%6.91%Balance Sheet Metrics (Rs. mn)Q3 FY24Q2 FY24Q1 FY24Q3 FY23YoY (%)QoQ (%)9M FY249M FY23YoY (%)FY23Networth14,647.3 14,011.7 13,452.6 12,595.8 16.29%4.54%14,647.3 12,595.8 16.29%12,991.9 Book Value (Rs.)44.4 42.65 41.23 38.65 14.81%4.05%44.37 38.65 14.81%39.85 Interest Coverage (x)1.421.361.421.48-4.08%3.95%1.401.50-6.62%1.43ROA (%)2.35%2.02%2.17%2.23%5.55%16.38%2.11%2.17%-2.84%2.13%ROE (%)17.17%14.05%13.81%11.73%46.44%22.25%15.00%11.10%35.07%11.21%Total CRAR %20.11%21.63%22.16%25.44%-20.93%-7.01%20.11%25.44%-20.93%25.48%Associate

Shriram Automall India Limited (SAMIL)

Associate

 Shriram Automall India Limited (SAMIL), an ISO 9001:2015 certified company, is India's Largest Phygital

Pre-owned Marketplace connecting pre-owned vehicles and equipment buyers and sellers.

 SAMIL began its journey in 2011 by setting up India's first professionally managed and organized Auction

Platform for buying and selling pre-owned cars, commercial vehicles, construction equipment, farm equipment, three-wheelers, two-wheelers, etc.

 Backed by CarTrade Tech Limited and Shriram Finance, SAMIL has over 1,500 employees and more than 120 Automalls across India. SAMIL conducts thousands of auction events every month through its Phygital platforms (Automalls) and online platforms cartradeexchange.com and bids.samil.in.

 SAMIL also provides vehicle inspection and valuation services through Adroit Auto, innovative car buying and selling experience through BlueJack, and industrial auction of properties, plant and machinery, commodities, and scrap, salvage and surplus assets through 123done.in.

For more information about Shriram Automall, its group companies, and services, visit www.samil.in

Revenue from operation earned Rs 498.2 million in Q3 FY 24 as against Rs.591.2 million in Q3 FY 23

Profit after Tax (PAT): Q3 FY24 Rs.27.3 million, Q3 FY23 Rs. 34.2 million, FY 23 Rs. 192.0 million.

Share of Profit of Associate: Q3 FY24 Rs. 12.3 million, Q3 FY23 Rs. 15.2 million

Share of Profit of Associate for 9M FY24 Rs. 48.3 million, 9M FY23: 54.2 million, FY23: Rs. 85.6 million

Consolidated Numbers

Financial Performance (Consolidated)

Particulars (Rs. mn) Q3 FY24 Q2 FY24 Q1 FY24 Q3 FY23* YoY (%)QoQ (%)9M FY249M FY23YoY (%)FY23Interest income92,222.0 88,087.8 82,446.1 77,563.2 18.90%4.69%262,755.9 224,124.2 17.24%303,440.0 Interest expended39,472.9 38,394.9 36,645.9 32,449.7 21.64%2.81%114,513.7 96,786.1 18.32%130,714.9 Net interest income52,749.1 49,692.9 45,800.2 45,113.5 16.93%6.15%148,242.2 127,338.1 16.42%172,725.1 Staff cost8,770.1 8,515.3 8,474.2 6,735.7 30.20%2.99%25,759.6 18,948.7 35.94%26,364.5 Other Operating expenditure7,086.7 6,563.5 5,931.1 5,445.7 30.13%7.97%19,581.3 15,990.0 22.46%24,097.0 Operating expenditure15,856.8 15,078.8 14,405.3 12,181.4 30.17%5.16%45,340.9 34,938.7 29.77%50,461.5 Core operating profit36,892.3 34,614.1 31,394.9 32,932.1 12.03%6.58%102,901.3 92,399.4 11.37%122,263.6 Other income824.5 828.1 492.5 409.1 101.54%-0.43%2,145.1 1,067.2 101.00%1,564.2 Operating profit37,716.8 35,442.2 31,887.4 33,341.2 13.12%6.42%105,046.4 93,466.6 12.39%123,827.8 Loan Losses & Provisions12,590.8 11,400.6 8,881.8 9,186.6 37.06%10.44%32,873.2 29,836.8 10.18%41,690.6 Profit before tax 25,126.0 24,041.6 23,005.6 24,154.6 4.02%4.51%72,173.2 63,629.8 13.43%82,137.2 Tax Expense6,402.3 6,148.9 5,894.2 6,153.2 4.05%4.12%18,445.4 16,365.5 12.71%22,022.5 Profit after tax18,723.71 17,892.7 17,111.4 18,001.4 4.01%4.64%53,727.8 47,264.3 13.68%60,114.7 Share of Profit/(loss) of associate12.2 25.6 10.5 15.2 -19.74%-52.34%48.3 54.2 -10.89%85.6 Net Profit after taxes and share of profit/(loss) of associate 18,735.9 17,918.3 17,121.9 18,016.6 3.99%4.56%53,776.1 47,318.5 13.65%60,200.3 Other comprehensive Income (Net)(498.3) 985.9 (771.3) (209.4) 137.97%-150.54%(283.6) (1,438.9) -80.29%(264.8) Total Comprehensive Income 18,237.6 18,904.2 16,350.6 17,807.2 2.42%-3.53%53,492.5 45,879.6 16.59%59,935.5 EPS (Rs)49.70 47.61 45.53 48.27 2.96%4.39%142.84 126.53 12.89%160.54 Summarized Balance Sheet (Consolidated)

Particulars (Rs. Mn)Dec-23Sep-23Jun-23Dec-22YoY (%) QoQ (%)Mar-23I. AssetsFinancial Assetsa) Cash and bank balances131,636.7 111,592.9 153,431.8 168,826.0 -22.03%17.96%163,069.5 b) Loans2,074,769.9 1,960,676.9 1,867,850.4 1,710,557.8 21.29%5.82%1,786,851.4 c) Investments82,002.5 79,168.5 73,688.7 82,567.6 -0.68%3.58%74,300.7 d) Other-financial assets9,468.6 9,425.4 11,499.4 11,639.5 -18.65%0.46%11,935.3 Non-financial assetsa) Goodwill17,409.4 17,409.4 17,409.4 17,421.5 -0.07%0.00%17,409.4 b) Other non-financial assets57,526.2 55,336.5 53,240.7 52,149.8 10.31%3.96%52,160.6 Total Assets2,372,813.3 2,233,609.6 2,177,120.4 2,043,162.2 16.13%6.23%2,105,726.9 II. Liabilities and EquityFinancial Liabilitiesa) Debts1,866,636.9 1,737,823.1 1,694,831.8 1,586,879.1 17.63%7.41%1,642,022.4 b) Other financial liabilities23,420.3 23,361.7 20,703.2 19,255.4 21.63%0.25%19,905.4 Non-financial Liabilities5,851.4 6,291.3 7,023.0 7,663.5 -23.65%-6.99%5,803.7 Equity473,704.4 463,066.3 451,627.1 426,532.8 11.06%2.30%435,128.6 Non-controlling interest3,200.3 3,067.2 2,935.3 2,831.4 13.03%4.34%2,866.8 Total Liabilities and Equity2,372,813.3 2,233,609.6 2,177,120.4 2,043,162.2 16.13%6.23%2,105,726.9 Contact Us

For any Investor Relations queries please contact

Sanjay K. Mundra Shriram Finance Limited Email: smundra@shriramfinance.in Tel. No. +91-22-4095 9507

About Us

About Shriram Finance Ltd.

Shriram Finance Limited is the flagship company of the Shriram group which has significant presence in Consumer Finance, Life Insurance, General Insurance, Housing Finance, Stock Broking and Distribution businesses. Shriram Finance Limited is one of India’s largest retail asset financing Non-Banking Finance Company (NBFC) with Assets under Management (AUM) above Rs 2.14 trillion. Recently Shriram City Union Finance Limited and Shriram Capital Limited merged with Shriram Transport Finance Company Limited and was subsequently renamed as Shriram Finance Limited. Established in 1979, Shriram Finance is holistic finance provider catering to the needs of Small Road Transport Operators and small business owners and is a leader in organised financing of pre-owned commercial vehicles and two wheelers. It has vertically integrated business model and offers financing number of products which include passenger commercial vehicles, loans to micro and small and medium enterprises (MSMEs), tractors, gold, personal loans and working capital loans etc. Over last 45 years, it has developed strong competencies in the areas of Loan origination, valuation of pre-owned commercial vehicles and other assets, and collections. It has a pan india presence with network of 3,037 branches and an employee strength of 73,485 servicing over 8.22 million customers.

Forward Looking Statement

Certain statements in this document with words or phrases such as “will”, “should”, etc., and similar expressions or variation of these expressions or those concerning our future prospects are forward looking statements. Actual results may differ materially from those suggested by the forward looking statements due to a number of risks or uncertainties associated with the expectations. These risks and uncertainties include, but are not limited to, our ability to successfully implement our strategy and changes in government policies. The company may, from time to time, make additional written and oral forward looking statements, including statements contained in the company’s filings with the stock exchanges and our reports to shareholders. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company.

Thank You

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