{"id":322747,"date":"2026-10-22T10:37:28","date_gmt":"2026-10-22T05:07:28","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=322747"},"modified":"2026-10-22T10:37:28","modified_gmt":"2026-10-22T05:07:28","slug":"should-you-buy-shriram-finance-shares-ahead-of-q2-results-on-23-october-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/should-you-buy-shriram-finance-shares-ahead-of-q2-results-on-23-october-2026\/","title":{"rendered":"Should You Buy Shriram Finance Shares Ahead of Q2 Results? What the Numbers Say"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Shriram Finance shares traded at Rs 894.60 on NSE at about 10:10 am IST on 22 Oct 2026, down 1.14%, about 22.5% below the Rs 1,153.70 high of early August (my calculation). The board meets on 23 Oct 2026 to consider Q2 results, and the earnings call is at 7 pm IST. Q1 FY27 profit was Rs 3,452.77 crore, up 59.89% on the year. Motilal Oswal has a Buy with a Rs 1,220 target. This article is not a call to buy or sell the stock.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Whether you should buy Shriram Finance shares ahead of Q2 results depends on what the numbers on 23 Oct 2026 show, because the stock at about Rs 895 is trading below its 20-day and 50-day averages with a 14-day RSI near 36. The base is strong: Q1 FY27 profit was Rs 3,452.77 crore, up 59.89% on the year, assets under management were Rs 3,13,798 crore and net NPA was 2.33%. Motilal Oswal has a Buy with a target of Rs 1,220, which is about 36% above the current price (my calculation), but that is one broker view dated 29 Sep 2026. The stock trades at a P\/E of 18.90 against an industry P\/E of 17.28, so the valuation leaves limited room for a weak print.<\/p>\n<\/p><\/div>\n<p>Shriram Finance shares are in focus because the Q2 FY27 results arrive tomorrow after a steep fall from the August high, and the question is whether the numbers justify buying before they are out. This article lays out the price, the valuation, the Q1 base, what a strong or weak Q2 might look like and the risks, so you can judge it yourself.<\/p>\n<p>Every figure labelled my calculation or my reading is mine and not a forecast, and conflicts between sources are flagged. The article covers Shriram Finance shares, the Q2 results date, the technical picture and what to watch next. It is educational and not a recommendation to buy or sell any share.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=should-you-buy-shriram-finance-shares-ahead-of-q2-results-on-23-october-2026\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/should-you-buy-shriram-finance-shares-ahead-of-q2-results-on-23-october-2026\/#Shriram_Finance_Shares_Today_Price_Range_and_Valuation\" title=\"Shriram Finance Shares Today: Price, Range and Valuation\">Shriram Finance Shares Today: Price, Range and Valuation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/should-you-buy-shriram-finance-shares-ahead-of-q2-results-on-23-october-2026\/#Shriram_Finance_Q2_Results_Date_and_What_the_Board_Will_Consider\" title=\"Shriram Finance Q2 Results Date and What the Board Will Consider\">Shriram Finance Q2 Results Date and What the Board Will Consider<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/should-you-buy-shriram-finance-shares-ahead-of-q2-results-on-23-october-2026\/#Q1_FY27_Numbers_Behind_Shriram_Finance_Shares\" title=\"Q1 FY27 Numbers Behind Shriram Finance Shares\">Q1 FY27 Numbers Behind Shriram Finance Shares<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/should-you-buy-shriram-finance-shares-ahead-of-q2-results-on-23-october-2026\/#Q2_Base_for_Shriram_Finance_Shares_What_Would_Look_Strong\" title=\"Q2 Base for Shriram Finance Shares: What Would Look Strong\">Q2 Base for Shriram Finance Shares: What Would Look Strong<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/should-you-buy-shriram-finance-shares-ahead-of-q2-results-on-23-october-2026\/#Should_You_Buy_Shriram_Finance_Shares_Before_the_Results_A_Checklist\" title=\"Should You Buy Shriram Finance Shares Before the Results? A Checklist\">Should You Buy Shriram Finance Shares Before the Results? A Checklist<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/should-you-buy-shriram-finance-shares-ahead-of-q2-results-on-23-october-2026\/#Technical_Picture_for_Shriram_Finance_Shares\" title=\"Technical Picture for Shriram Finance Shares\">Technical Picture for Shriram Finance Shares<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/should-you-buy-shriram-finance-shares-ahead-of-q2-results-on-23-october-2026\/#What_to_Watch_Next_for_Shriram_Finance_Shares\" title=\"What to Watch Next for Shriram Finance Shares\">What to Watch Next for Shriram Finance Shares<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/should-you-buy-shriram-finance-shares-ahead-of-q2-results-on-23-october-2026\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/should-you-buy-shriram-finance-shares-ahead-of-q2-results-on-23-october-2026\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/should-you-buy-shriram-finance-shares-ahead-of-q2-results-on-23-october-2026\/#When_are_the_Shriram_Finance_Q2_results\" title=\"When are the Shriram Finance Q2 results?\">When are the Shriram Finance Q2 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/should-you-buy-shriram-finance-shares-ahead-of-q2-results-on-23-october-2026\/#Should_you_buy_Shriram_Finance_shares_ahead_of_Q2_results\" title=\"Should you buy Shriram Finance shares ahead of Q2 results?\">Should you buy Shriram Finance shares ahead of Q2 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/should-you-buy-shriram-finance-shares-ahead-of-q2-results-on-23-october-2026\/#What_was_Shriram_Finance_profit_in_Q1_FY27\" title=\"What was Shriram Finance profit in Q1 FY27?\">What was Shriram Finance profit in Q1 FY27?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/should-you-buy-shriram-finance-shares-ahead-of-q2-results-on-23-october-2026\/#What_is_the_Motilal_Oswal_target_for_Shriram_Finance_shares\" title=\"What is the Motilal Oswal target for Shriram Finance shares?\">What is the Motilal Oswal target for Shriram Finance shares?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/should-you-buy-shriram-finance-shares-ahead-of-q2-results-on-23-october-2026\/#Are_Shriram_Finance_shares_expensive\" title=\"Are Shriram Finance shares expensive?\">Are Shriram Finance shares expensive?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/should-you-buy-shriram-finance-shares-ahead-of-q2-results-on-23-october-2026\/#What_risks_should_holders_of_Shriram_Finance_shares_watch\" title=\"What risks should holders of Shriram Finance shares watch?\">What risks should holders of Shriram Finance shares watch?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/should-you-buy-shriram-finance-shares-ahead-of-q2-results-on-23-october-2026\/#Will_Shriram_Finance_shares_get_a_dividend_with_Q2_results\" title=\"Will Shriram Finance shares get a dividend with Q2 results?\">Will Shriram Finance shares get a dividend with Q2 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/should-you-buy-shriram-finance-shares-ahead-of-q2-results-on-23-october-2026\/#Is_this_article_investment_advice\" title=\"Is this article investment advice?\">Is this article investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Shriram_Finance_Shares_Today_Price_Range_and_Valuation\"><\/span><strong>Shriram Finance Shares Today: Price, Range and Valuation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Shriram Finance shares: measure<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Reading<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">NSE price of Shriram Finance shares at about 10:10 am IST<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 894.60, down Rs 10.35 (1.14%) from Rs 904.95<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Day range on NSE<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 885.00 to Rs 899.40<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">BSE price<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 894.90, down 1.55%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Six-month high and low (weekly data)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,153.70 (week of 3 Aug) and Rs 879.10 (week of 8 Jun)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Distance of Shriram Finance shares from the high<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 22.5% below (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Market capitalisation<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 2.14 lakh crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">P\/E and industry P\/E<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">18.90 and 17.28<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price to book and book value<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2.03 and Rs 448.50<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Return on equity and earnings per share<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">15.21% and Rs 48.10<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Debt to equity and dividend yield<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">3.80 and 0.95%<\/td>\n<\/tr>\n<\/table>\n<p>The valuation of Shriram Finance shares is only slightly above the industry on earnings and at 2.03 times book, which is not a low multiple for a lender with a debt to equity ratio of 3.80, though that is typical for a non-banking finance company (my reading). The 15.21% return on equity is the justification investors usually cite for the premium.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Compare NBFC stocks on the Univest screeners page<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Shriram_Finance_Q2_Results_Date_and_What_the_Board_Will_Consider\"><\/span><strong>Shriram Finance Q2 Results Date and What the Board Will Consider<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Shriram Finance shares: Q2 FY27 event<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Detail<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Board meeting<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">23 Oct 2026 to review unaudited standalone and consolidated results for the quarter and half year ended 30 Sep 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Earnings call<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">23 Oct 2026 at 7 pm IST (announced 19 Oct 2026)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Other agenda items<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">The board is also set to consider an interim dividend and funding through debt securities<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Interim dividend last year<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 4.80 a share (240%), record date 7 Nov 2025<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Dollar note tender offer<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About $459.98 million for senior secured notes due 2027 and 2028, completed 1 Oct 2026<\/td>\n<\/tr>\n<\/table>\n<p>The interim dividend amount for Shriram Finance shares has not been announced, so the Rs 4.80 paid last year is only a reference. A dividend yield of 0.95% on the current price means income is a small part of the case, and the price path will depend on growth and asset quality (my reading).<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Q1_FY27_Numbers_Behind_Shriram_Finance_Shares\"><\/span><strong>Q1 FY27 Numbers Behind Shriram Finance Shares<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Shriram Finance shares: Q1 FY27 measure<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Reported figure<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Profit after tax<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 3,452.77 crore, up 59.89% on the year (Rs 2,159.39 crore) and 14.29% on the quarter<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Interest income<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 12,916.27 crore, up 15.60% on the year and 6.80% on the quarter<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Total income<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 13,418.74 crore, up 16.26% on the year<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Assets under management<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 3,13,798 crore, up 15.26% on the year and 3.81% on the quarter<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Net NPA<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2.33%, flat on the quarter and 24 bps lower on the year<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Net profit margin<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">25.73%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not reported in the source I used<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Net interest income, gross NPA, net interest margin and disbursements<\/td>\n<\/tr>\n<\/table>\n<p>A second report gives Q1 FY27 revenue of Rs 13,400 crore, net profit of Rs 3,447 crore and an operating margin of 34.40%, which differs slightly from the figures above, so I use the first set and flag the gap. The 59.89% jump in profit behind Shriram Finance shares is far faster than the 15.26% rise in assets under management, which tells me margin and credit cost did the heavy lifting (my reading), so investors will watch whether Q2 holds that level.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track NBFC results and set price alerts.<\/em><\/p>\n<p><strong>Risk:<\/strong> A profit base lifted by margin and low credit cost is harder to beat, so even a good Q2 can disappoint if growth in assets slows.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Q2_Base_for_Shriram_Finance_Shares_What_Would_Look_Strong\"><\/span><strong>Q2 Base for Shriram Finance Shares: What Would Look Strong<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Shriram Finance shares: Q2 FY26 base<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Figure and my illustration<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Q2 FY26 profit after tax<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 2,307.20 crore, up 11.4% (Oct 2025 report)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Q2 FY26 net interest income<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 6,266.80 crore, up 11.8%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Q2 FY26 assets under management<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 2,81,309 crore, up 15.74%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Q2 FY27 profit if equal to Q1 FY27<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 49.7% above the Q2 FY26 base (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Q2 FY27 assets under management at 15% growth<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 3.24 lakh crore (my illustration, 2,81,309 times 1.15)<\/td>\n<\/tr>\n<\/table>\n<p>If Q2 profit simply matches Q1 at Rs 3,452.77 crore, the year-on-year rise would be about 49.7%, my calculation, so the market will likely focus on the sequential trend and on asset quality and not on the headline growth rate. An assets under management total near Rs 3.2 lakh crore and a net NPA at or below 2.33% would be consistent with the Q1 trend, while a rise in credit cost would be a warning (my reading). The Shriram Finance share price will likely react to the print within minutes.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Should_You_Buy_Shriram_Finance_Shares_Before_the_Results_A_Checklist\"><\/span><strong>Should You Buy Shriram Finance Shares Before the Results? A Checklist<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Shriram Finance shares: possible Q2 outcome<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">What it could mean (my reading)<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">For Shriram Finance shares: profit near or above Q1, net NPA stable, assets under management growth near 15%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">The Q1 trend holds and the fall from Rs 1,153.70 may look overdone to some investors<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Profit lower than Q1 but asset quality stable<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">A pause, with the stock reacting to guidance and margin comments on the call<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rising credit cost or net NPA above 2.33%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">A risk to the earnings base and to the premium valuation<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Interim dividend announced above Rs 4.80<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">A small positive signal, though the yield stays below 1%<\/td>\n<\/tr>\n<\/table>\n<p>Motilal Oswal&#8217;s Buy with a Rs 1,220 target, dated 29 Sep 2026, implied about 31.5% upside from Rs 927.50 on 19 Oct, and implies about 36% from today&#8217;s Rs 894.60 (my calculation). One broker view does not make a trend, and the Shriram Finance share price would need to rise about 36% to reach it. M&#038;M Financial Services shows the risk of results reactions: its Q2 profit rose 55% to Rs 882 crore on 21 Oct, yet the shares were down 5.28% at Rs 281.75 today. Holding Shriram Finance shares through results means accepting a gap move in either direction.<\/p>\n<p><strong>Risk:<\/strong> Results are a binary event for Shriram Finance shares, so a position held through the announcement can move sharply against you in one session.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Technical_Picture_for_Shriram_Finance_Shares\"><\/span><strong>Technical Picture for Shriram Finance Shares<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Shriram Finance shares: level<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Why it matters (my reference level)<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,153.70<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Six-month high from the week of 3 Aug<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,023.91<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">50-day simple moving average<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 953.87<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">20-day exponential moving average<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 927.50<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">NSE quote on 19 Oct, used for the Motilal Oswal upside<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 898.50<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Weekly close of 19 Oct<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 885.00<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Low of 22 Oct so far and of the week of 19 Oct<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 879.10<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Six-month low from the week of 8 Jun<\/td>\n<\/tr>\n<\/table>\n<p>The 14-day RSI of 35.8 is below 40, which some traders read as weak momentum and near oversold, while the price below both averages shows a downtrend (my reading). A close below Rs 879.10 would break the six-month low for Shriram Finance shares, and a move back above Rs 953.87 would take it above the 20-day average. These are reference levels from my data pull and not targets for the Shriram Finance share price.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Watch_Next_for_Shriram_Finance_Shares\"><\/span><strong>What to Watch Next for Shriram Finance Shares<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Q2 profit against Rs 3,452.77 crore in Q1 and Rs 2,307.20 crore a year ago<\/li>\n<li>Assets under management against Rs 3,13,798 crore and net NPA against 2.33%<\/li>\n<li>Net interest margin and credit cost comments on the 7 pm call<\/li>\n<li>Any interim dividend amount against last year&#8217;s Rs 4.80<\/li>\n<li>Whether Shriram Finance shares hold Rs 879.10 and reclaim Rs 953.87<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Shriram Finance shares enter the Shriram Finance Q2 results on 23 Oct 2026 about 22.5% below their August high, with a P\/E of 18.90, a Buy from Motilal Oswal at Rs 1,220 and a strong Q1 base of Rs 3,452.77 crore. The outcome rests on asset quality and growth, and a gap move is possible either way. Check the filing when it arrives and size any position to your own risk.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"When_are_the_Shriram_Finance_Q2_results\"><\/span><strong>When are the Shriram Finance Q2 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The board meets on 23 Oct 2026 to consider unaudited results for the quarter and half year ended 30 Sep 2026. The earnings call is at 7 pm IST that day, and the board is also set to consider an interim dividend and debt-security funding.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Should_you_buy_Shriram_Finance_shares_ahead_of_Q2_results\"><\/span><strong>Should you buy Shriram Finance shares ahead of Q2 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> That depends on your risk tolerance, and this article is not a recommendation. The shares are about 22.5% below their August high with an RSI near 36, and results can move the price sharply in either direction, so check the filing first.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_was_Shriram_Finance_profit_in_Q1_FY27\"><\/span><strong>What was Shriram Finance profit in Q1 FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Profit after tax was Rs 3,452.77 crore, up 59.89% on the year and 14.29% on the quarter. Assets under management were Rs 3,13,798 crore and net NPA was 2.33%. A second report shows slightly different numbers, so verify on the exchange site.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Motilal_Oswal_target_for_Shriram_Finance_shares\"><\/span><strong>What is the Motilal Oswal target for Shriram Finance shares?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Motilal Oswal has a Buy with a target of Rs 1,220, dated 29 Sep 2026. That is about 36% above Rs 894.60, my calculation, but it is one broker view.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Are_Shriram_Finance_shares_expensive\"><\/span><strong>Are Shriram Finance shares expensive?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The P\/E of 18.90 is above the industry P\/E of 17.28 and the price to book is 2.03. The 15.21% return on equity supports some premium, while the debt to equity of 3.80 is typical for a finance company.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_risks_should_holders_of_Shriram_Finance_shares_watch\"><\/span><strong>What risks should holders of Shriram Finance shares watch?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Watch net NPA against 2.33%, credit cost, funding costs and growth in assets under management. Profit grew far faster than assets in Q1, so a slower Q2 could disappoint.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Will_Shriram_Finance_shares_get_a_dividend_with_Q2_results\"><\/span><strong>Will Shriram Finance shares get a dividend with Q2 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The board is set to consider an interim dividend, but no amount has been announced. Last year it paid Rs 4.80 a share, and the current dividend yield is about 0.95%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_article_investment_advice\"><\/span><strong>Is this article investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"When are the Shriram Finance Q2 results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The board meets on 23 Oct 2026 to consider unaudited results for the quarter and half year ended 30 Sep 2026. The earnings call is at 7 pm IST that day, and the board is also set to consider an interim dividend and debt-security funding.\"}},{\"@type\":\"Question\",\"name\":\"Should you buy Shriram Finance shares ahead of Q2 results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"That depends on your risk tolerance, and this article is not a recommendation. The shares are about 22.5% below their August high with an RSI near 36, and results can move the price sharply in either direction, so check the filing first.\"}},{\"@type\":\"Question\",\"name\":\"What was Shriram Finance profit in Q1 FY27?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Profit after tax was Rs 3,452.77 crore, up 59.89% on the year and 14.29% on the quarter. Assets under management were Rs 3,13,798 crore and net NPA was 2.33%. 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Please check the figures against company filings and your own risk profile before you act on anything you read here.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Shriram Finance shares ahead of Q2 results on 23 Oct 2026: price near Rs 895, Q1 profit Rs 3,453 crore, Motilal Oswal Rs 1,220 target, valuation, risks and key levels.<\/p>\n","protected":false},"author":38,"featured_media":322742,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[14505,5355,11347,14506,14503,1099,14502,14504,4136],"class_list":["post-322747","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-motilal-oswal-shriram-finance","tag-nbfc-stocks","tag-q2-results-preview","tag-shriram-finance-dividend","tag-shriram-finance-q2-results","tag-shriram-finance-share-price","tag-shriram-finance-shares","tag-shriram-finance-target-price","tag-stocks-to-watch"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["322742"],"rank_math_title":["Shriram Finance Shares Before Q2 Results: Numbers and Risks"],"rank_math_description":["Shriram Finance shares ahead of Q2 results on 23 Oct 2026: price near Rs 895, Q1 profit Rs 3,453 crore, Motilal Oswal target Rs 1,220, valuation, risks and key levels."],"rank_math_focus_keyword":["Shriram Finance shares"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/should-you-buy-shriram-finance-shares-ahead-of-q2-results-what-the-numbers-say.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/322747","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=322747"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/322747\/revisions"}],"predecessor-version":[{"id":322748,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/322747\/revisions\/322748"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/322742"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=322747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=322747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=322747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}