Shriram Asset Management Company Ltd reported a net loss of ₹6.89 crore for Q1 FY27, representing a significant increase from the loss of ₹2.76 crore recorded in the corresponding quarter of the previous year. According to reports from CNBC TV18 and Business Standard, the company's profit before tax (PBT) stood at a loss of ₹6.83 crore in Q1 FY27, compared with a loss of ₹2.76 crore in Q1 FY26. On a sequential basis, the company's net loss narrowed from ₹7.94 crore in Q4 FY26, indicating some improvement in quarter-over-quarter performance.
Despite the widened losses, Shriram Asset Management demonstrated strong revenue growth during the quarter. As reported by CNBC TV18 and Business Standard, total income increased 11.74% year-on-year to ₹4.04 crore in Q1 FY27, up from ₹3.62 crore in Q1 FY26. On a quarter-on-quarter basis, total income showed even more impressive growth of 92.42% from ₹2.10 crore in the previous quarter. The sequential improvement in income growth suggests the company's operational performance is gradually improving despite the widened annual loss.
Shares of Shriram Asset Management Co Ltd ended at ₹290.00, down by ₹4.95, or 1.68% on the BSE on Friday (August 7), according to CNBC TV18 reports. The stock decline occurred despite the company's sequential improvement in loss reduction, indicating that investors may be focusing on the year-over-year deterioration in financial performance rather than the quarter-over-quarter improvement. The market reaction reflects concerns about the company's ability to achieve profitability despite strong revenue growth.
