Shriram Finance (NSE:SHRIRAMFIN) Tax Rate % : 26.41% (As of Mar. 2024)

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What is Shriram Finance Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Shriram Finance's Tax Expense for the three months ended in Mar. 2024 was ₹7,245 Mil. Shriram Finance's Pre-Tax Income for the three months ended in Mar. 2024 was ₹27,429 Mil. Therefore, Shriram Finance's Tax Rate % for the quarter that ended in Mar. 2024 was 26.41%.

Shriram Finance Tax Rate % Historical Data

The historical data trend for Shriram Finance's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Shriram Finance Tax Rate % Chart

Shriram Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Tax Rate %

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27.24

24.12

23.70

26.81

25.79

Shriram Finance Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															30.57	25.62	25.58	25.48	26.41

Shriram Finance Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Shriram Finance's Tax Rate % for the fiscal year that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (A: Mar. 2024 )	/	Pre-Tax Income (A: Mar. 2024 )
	=	25690.6	/	99601.7
	=	25.79 %

Shriram Finance's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	7245.2	/	27428.5
	=	26.41 %

Shriram Finance Tax Rate % Related Terms

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Shriram Finance (NSE:SHRIRAMFIN) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Shriram Finance Ltd (NSE:SHRIRAMFIN) » Definitions » Tax Rate %

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511218:India

Address

Wockhardt Towers, West Wing, Level-3, C-2, G-Block, Bandra-Kurla Complex, Bandra (East), Mumbai, MH, IND, 400 051

Website

https://www.shriramfinance.in

Shriram Finance Ltd is an Indian non-banking finance company. It is engaged in the financing of pre-owned commercial vehicles, equipment, and other loans. The company focuses on loan origination, valuation, and collection for pre-owned and new commercial and passenger vehicles, tractors, 3 wheeler, multi-utility vehicles, and also provides ancillary services such as finance for working capital, engine replacement, bill discounting, credit cards, and tire-loans as holistic financing support. The company's revenue consists of interest income on loans provides. Geographically, it derives maximum revenue from India.

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