Shriram Finance Q4 FY23 Financial Overview
Healthy Asset Quality (as per IndAS)
SHRIRAM
Finance
Particulars (Rs. mn)
FY18
FY19
FY20
FY21
FY22
FY23*
Gross Stage 3
90,842.1 86,222.7
91,797.1
82,952.1
88,875.5
113,821.8
ECL provision-Stage 3
30,953.2
29,670.0
31,886.5
34,885.3
44,415.0
57,073.2
Net Stage 3
59,888.9
56,552.7
59,910.6
48,066.8
44,460.5
56,748.6
Gross Stage 3 (%)
9.39%
8.37%
8.36%
7.06%
7.07%
6.21%
Net Stage 3 (%)
6.19%
5.65%
5.62%
4.22%
3.67%
3.19%
Coverage Ratio (%) Stage 3
34.07%
34.41%
Gross Stage 1 & 2
876,201.3
943,584.7
34.74%
1,006,319.5
42.05%
49.97%
50.14%
1,092,000.4 1,168,114.84 1,719,561.84
ECL provision-Stage 1 & 2
23,650.2
26,037.0
Net Stage 1 & 2
852,551.1
917,547.7
31,433.6
974,885.9
44,511.3 45,923.84
1,047,489.1
1,122,191.0
56,465.67
1,663,096.2
ECL provision (%) Stage 1 & 2
2.70%
2.76%
3.12%
4.08%
3.93%
3.28%
*Note:- The figures for the current reporting period includes the effect of merger of transferor Companies SCUF and SCL
and are therefore not comparable with figures of the respective previous year/ period.
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