SHRIRAMFIN Q4 FY26 Guidance vs Delivery (SHRIRAMFIN Management Mirror)

AUM & Loan Growth Outlook

Management is budgeting an 18% YoY total AUM growth for the upcoming financial year, but explicitly tempered segment-level expectations in the Mar'26 Qtr. MSME growth targets were revised downward to a conservative 13% to 15%, retreating from the Dec'25 Qtr expectation of a rebound above 20%. Overall vehicle sales growth is now expected to be muted, a shift from the 12% to 15% medium-term growth projected in the Dec'25 Qtr, though used vehicle financing is anticipated to remain steady. [Status: Downgraded]