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Shriram Finance conducted conference call on 26 July 2024 to discuss its financial results for the quarter ended June 2024. Umesh Revankar, Executive Vice Chairman of the company addressed the call:
Highlights:
The company has maintained the AUM guidance at 15% for FY2025, while it expects to grow faster than expectations.
The performance has been healthy despite slow activity in Q1FY2025 due to the elections and heat wave. The company expects the momentum to continue for the rest of the financial year.
Segment wise, the company expects 12% growth in the truck segment, above 20% in MSME and 15-18% in two-wheelers in FY2025.
The disbursements of the company were strong at Rs 37709 crore in Q1FY2025. The disbursement for commercial vehicles segment were at Rs 14024 crore, passenger vehicles Rs 7406 crore, construction equipment Rs 1850 crore, farm equipment Rs 820 crore, MSME Rs 6207 crore, two-wheeler Rs 2732 crore, gold Rs 262 c...
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