Shriram Asset Management Company Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, revealing continued operational challenges despite revenue growth. The asset management firm reported a net loss of ₹518.51 crores for Q3FY26, marginally higher than the ₹517.91 crores loss recorded in the corresponding quarter of the previous fiscal year.

Financial Performance Overview

The company's financial performance for Q3FY26 showed mixed results across various parameters:

The company's revenue from asset management services demonstrated strong growth, rising 56.52% year-on-year to ₹78.76 crores. However, interest income declined by 19.84% to ₹51.81 crores compared to ₹64.63 crores in Q3FY25.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, the company's performance reflected ongoing challenges:

The nine-month results showed revenue from operations growing by 59.52% to ₹218.76 crores, while the net loss widened to ₹1,237.23 crores from ₹1,133.40 crores in the corresponding period last year.

Key Corporate Developments

The Board of Directors approved several significant decisions during their meeting held on February 06, 2026:

Leadership Appointment

Ms. Vinita Kapoor brings over 12 years of experience in corporate governance, secretarial, legal, and regulatory compliance across listed companies and asset management firms. She previously served as Assistant Vice President – Governance & Compliance at EAAA India Alternatives Limited.

Expense Analysis

The company's expenditure structure for Q3FY26 revealed significant cost pressures:

• Employee Benefits Expense: ₹578.54 crores (vs ₹396.15 crores in Q3FY25)
• Other Expenses: ₹280.58 crores (vs ₹245.75 crores in Q3FY25)
• Depreciation and Amortisation: ₹9.66 crores (vs ₹20.29 crores in Q3FY25)

Employee benefits expense increased substantially by 46.04% year-on-year, contributing significantly to the overall expenditure growth.

Share Capital and Earnings Impact

The company's paid-up equity share capital stood at ₹1,692.84 crores as of December 31, 2025, compared to ₹1,301.69 crores in the corresponding quarter last year. Basic and diluted earnings per share for Q3FY26 were both ₹-3.98, identical to the loss per share recorded in Q3FY25. For the nine-month period, earnings per share improved to ₹-7.45 from ₹-8.71 in the previous year.

Shriram Asset Management Company Limited, part of the Shriram Group, has launched the Shriram Money Market Fund to expand its fixed income product offerings. The open-ended debt scheme represents the company's strategic move to capitalize on growing investor demand for short-term liquidity solutions with stable returns.

Fund Launch Details

The new fund offer (NFO) will be available for a limited three-day window, providing investors with specific investment parameters and objectives.

Investment Strategy and Instruments

The Shriram Money Market Fund will focus on money market instruments with residual maturities of up to one year. The fund's investment universe includes commercial papers, certificates of deposit, treasury bills, repos and reverse repos in government securities, and other short-term instruments permitted by SEBI and RBI. The scheme aims to provide regular income while maintaining low interest rate risk, moderate credit risk, and high liquidity for investors.

The fund's performance will be benchmarked against the NIFTY Money Market Index A-I Total Return Index (TRI), providing investors with a clear performance comparison metric.

Investment Options and Accessibility

Investors can participate in the fund through multiple investment routes to suit their financial planning needs:

• Lump-sum investments for immediate deployment of capital
• Systematic Investment Plans (SIPs) for regular investment discipline
• Direct and regular plan options
• Growth option availability

The fund structure ensures accessibility with no exit load and quick redemption processing within three business days.

Market Growth and Industry Context

The launch comes amid significant growth in the money market fund segment, reflecting increased investor preference for short-term liquidity solutions. According to AMFI data, the money market fund category has experienced substantial expansion in recent years.

This represents more than three-fold growth in assets under management, highlighting the increasing investor appetite for money market instruments.

Strategic Portfolio Enhancement

The new fund complements Shriram AMC's existing debt offerings, including the Shriram Overnight Fund and Shriram Liquid Fund. The launch strengthens the company's fixed income capabilities following the appointment of Amit Modani as Senior Fund Manager – Lead Fixed Income in October 2025, demonstrating the company's commitment to expanding its debt fund expertise and product range.