Shriram Finance grew its loan book by 17% y-o-y in Q2FY27 however, its net profit growth of 59.4% y-o-y was considerably faster than larger rival, Bajaj Finance. Senior management of Shriram Finance highlighted they are “cautious” in post-earnings conference call, and expect loan growth of 15% to 17%, going forward, broadly weaker than second quarter of FY27. Shriram Finance trades at a discount of nearly 68% to larger rival.