Shriram Finance has substantially raised its growth forecast for India's tractor and farm equipment wholesale volumes for FY27, projecting an expansion of 15-17%, a marked increase from its earlier estimate of 8-10%. The revised outlook signals a considerably more positive assessment of demand conditions in the agricultural equipment segment for the fiscal year.

Revised Growth Projections

The updated forecast represents a meaningful upward revision in Shriram Finance's expectations for the sector. The following table highlights the change in the company's volume growth estimates for India's tractor and farm equipment wholesale market in FY27:

Significant Upward Revision

The revision from an 8-10% growth estimate to a 15-17% projection reflects a substantially improved outlook for tractor and farm equipment wholesale volumes in India for FY27. The new estimate nearly doubles the midpoint of the prior forecast range, underscoring a significant shift in the company's assessment of sectoral demand dynamics for the period.

Shriram Finance Limited achieved a 13% reduction in Scope 1 and Scope 2 emission intensity per rupee of turnover during FY26, alongside an approximate 10% reduction in energy intensity per rupee of turnover compared to the previous financial year. The company's Green Finance portfolio reached over ₹1,400 crores as of March 31, 2026, driven by financing for electric vehicles, rooftop solar systems, and other green assets.

The company strengthened its environmental performance through enhanced Greenhouse Gas (GHG) emissions assessment, including Scope 3 financed emissions covering over 80% of its lending portfolio. Accelerated digitisation across operations resulted in reduced paper consumption through increased adoption of electronic documentation and paperless processes. The company also initiated the development of a Climate Risk Policy to integrate climate considerations into lending practices.

Operational and Social Performance

The company serves over 9.73 million customers, with more than 51% of its customer base located in rural and semi-urban regions. Its Corporate Social Responsibility (CSR) initiatives collectively impacted more than 3.90 lakh beneficiaries, supporting over 2.85 lakh individuals across rural and underserved communities and empowering 1,807 women. The company provided scholarships to more than 4,96,000 underprivileged children and established mobile medical units across 15 locations in 11 states, benefitting over 16.25 lakh members of the trucking community.

Employee Metrics and Governance

The company reported a total workforce of 76,241 permanent employees. Women represented 37% of employees in business support roles and 44% in corporate functions. The Board of Directors comprised 10 members, with female representation at 10%. The company recorded a total turnover rate for permanent employees of 31.17% for FY26, compared to 30.86% in the previous year. The higher turnover rate is primarily attributable to employees transitioning out of the organisation within their first year of employment.

Financial and Grievance Data

The company's paid-up capital stood at ₹3,76,31,30,742. It reported a turnover of ₹4,81,77,97,71,445.59 and a net worth of ₹6,52,44,09,43,485.29. The company received 81,159 customer complaints during FY26, of which 954 were pending resolution at the close of the year. This increase was primarily driven by a surge in complaints received through emails and credit bureau portals. The company received a penalty of ₹2,70,000 from the Reserve Bank of India for non-compliance with certain provisions of the RBI (Digital Lending) Directions, 2025.