Shriram Finance CEO YS Chakravarti is optimistic about the company’s growth prospects for the second half of the year. In an interview, Chakravarti stated that the third and fourth quarters are traditionally good seasons for business, and he believes the company will be able to achieve around 20% growth, beating the previous two quarters’ 19% growth. He also discussed the performance of different segments, highlighting the growth in PL, PVs, gold, MSMEs, and the slightly softer performance in the commercial vehicle (CV) segment. Chakravarti expects strong growth in the CV segment in the fourth quarter due to increased corporate acquisitions. In terms of net interest margins (NIMs), Chakravarti explained that the reduction in the liquidity buffer and the change in the mix of disbursements, with a higher concentration in SMEs, have contributed to the improvement of NIMs. He expects NIMs to be between 8.5% and 8.9%. Chakravarti reassured that the company has sufficient capital and does not anticipate the need for capital raising in the next two years, as the capital adequacy ratio stands at 21%. He also mentioned that the company aims to maintain non-vehicle business at around 20% of the portfolio. With the expected growth and without diluting equity, he anticipates higher return on equity (ROE) and commented on the leverage ratio, stating that the company is comfortable at around five times. Overall, Chakravarti projects a conservative estimate of 20% growth for the second half of the year, driven by construction equipment, MSMEs, and some moderation in passenger vehicles and construction growth. Read more for a detailed analysis of Shriram Finance’s performance and strategies for sustainable growth.