Shriram Asset Management Company Limited loss hits Rs 9.4169 crore

Shriram Asset Management Company Limited reported a Rs 9.4169 crore net loss for the quarter ended September 30, 2026, versus a Rs 4.4037 crore loss a year earlier, as total expenses climbed to Rs 12.3798 crore from Rs 7.3765 crore while total income was broadly unchanged at Rs 2.9686 crore.

How did Shriram AMC perform in the September 2026 quarter?

Shriram AMC’s loss after tax widened to Rs 9.4169 crore in the quarter ended September 30, 2026, from Rs 4.4037 crore in the September 2025 quarter and Rs 6.8853 crore in the preceding June 2026 quarter. Basic and diluted loss per equity share was Rs 5.53, compared with Rs 3.38 a year earlier and Rs 4.05 in June 2026. The September-quarter result included deferred-tax expense of Rs 57,000, against Rs 5.69 lakh in the preceding quarter.

Total income was Rs 2.9686 crore, compared with Rs 2.9728 crore in the year-earlier quarter and Rs 4.0446 crore in the June 2026 quarter. Revenue from operations services increased to Rs 1.0164 crore from Rs 68.27 lakh a year earlier. However, net gain on fair-value changes declined to Rs 1.4232 crore from Rs 1.767 crore, while asset-management interest income was Rs 51.81 lakh in each of the three quarterly periods presented.

Why did Shriram AMC’s September-quarter loss widen?

Shriram AMC’s loss widened because expenses rose by Rs 5.0033 crore year on year while total income declined by Rs 4.2 lakh. Employee benefits expense increased by Rs 2.579 crore to Rs 7.432 crore, and other expenses rose by Rs 2.2631 crore to Rs 4.7256 crore. Together, these two expense lines accounted for Rs 4.8421 crore of the Rs 5.0033 crore increase in total expenses.

Depreciation and amortisation expense increased to Rs 18.44 lakh from Rs 5.74 lakh, while fees and commission expenses rose to Rs 3.78 lakh from Rs 35,000. Shriram AMC reported no finance cost in the September 2026 quarter, compared with Rs 1,000 a year earlier. Loss before tax consequently widened to Rs 9.4112 crore from Rs 4.4037 crore.

The sequential comparison also showed higher costs alongside lower income. Employee benefits expense was Rs 7.432 crore in September 2026 after Rs 7.3754 crore in June 2026, and other expenses rose from Rs 3.361 crore to Rs 4.7256 crore. Net gain on fair-value changes fell from Rs 2.6495 crore in June, contributing to the Rs 1.076 crore decline in total income between the two quarters.

What do Shriram AMC’s first-half results show?

Shriram AMC recorded a Rs 16.3021 crore net loss for the half year ended September 30, 2026, compared with a Rs 7.1871 crore loss in the corresponding 2025 period. Loss per equity share was Rs 9.59, against Rs 4.37 a year earlier. Total comprehensive loss, including remeasurements of defined-benefit obligations, was Rs 16.4646 crore, compared with Rs 7.2598 crore in the previous-year half.

First-half total income increased to Rs 7.0133 crore from Rs 6.5926 crore. Revenue from operations services rose to Rs 1.8839 crore from Rs 1.40 crore, while net gain on fair-value changes increased to Rs 4.0727 crore from Rs 3.8683 crore. Asset-management interest income, however, declined to Rs 1.0363 crore from Rs 1.3022 crore.

Total expenses for the half year reached Rs 23.2528 crore, up from Rs 13.7797 crore. Employee benefits expense increased to Rs 14.8074 crore from Rs 8.8005 crore, while other expenses rose to Rs 8.0866 crore from Rs 4.8248 crore. The cash-flow statement recorded Rs 1.6442 crore of Employee Stock Option Plan expense for the half year, compared with Rs 1.5693 crore in the corresponding 2025 period.

What changed in Shriram AMC’s balance sheet and cash flows?

Shriram AMC’s total assets declined to Rs 144.6292 crore on September 30, 2026, from Rs 157.1896 crore on March 31, 2026. Investments fell to Rs 130.8692 crore from Rs 150.3414 crore. Property, plant and equipment increased to Rs 2.2139 crore from Rs 53.85 lakh, while intangible assets under development stood at Rs 50.73 lakh at September 30, 2026.

Total equity was Rs 138.1728 crore at September 30, 2026, down from Rs 152.3976 crore at March 31, 2026. Other equity decreased to Rs 121.0355 crore from Rs 135.4169 crore, while share capital increased to Rs 17.1373 crore from Rs 16.9807 crore. During the September 2026 quarter, Shriram AMC allotted 156,640 equity shares with a face value of Rs 10 each following employee option exercises.

Operating activities used Rs 21.2179 crore of cash in the half year ended September 30, 2026. Investing activities generated Rs 20.5567 crore, including Rs 23.5447 crore from net sale of investments, while Rs 2.988 crore was spent on property, plant and equipment. Financing activities generated Rs 59.58 lakh through issue of equity share capital, and cash and cash equivalents were Rs 58.25 lakh at September 30, compared with Rs 64.78 lakh at March 31, 2026.

Conclusion

Shriram AMC’s September-quarter result shows that higher service revenue did not offset a substantial increase in employee and other operating expenses. Total expenses of Rs 12.3798 crore exceeded total income of Rs 2.9686 crore, producing a Rs 9.4169 crore quarterly loss and a Rs 16.3021 crore loss for the first half ended September 30, 2026.

The next disclosed developments are leadership appointments rather than a financial target. Shriram AMC appointed Ketankumar Shah as fund manager and Hitesh Savanth as principal officer from November 6, 2026, while Vikrant Kishore Gugnani is to become vice-chairman and whole-time director from November 16, 2026 for a three-year term. The company also disclosed a grant of 66,200 options at an exercise price of Rs 303 each under its 2022 Employee Stock Option Plan.