Spandana Sphoorty Financial Limited
Spandana Sphoorty Financial is primarily engaged in the business of micro finance providing small value unsecured loans to low-income customers in semi-urban and rural areas.
What Spandana files
- Others124
- Investor Meet38
- Credit Ratings22
- Updates17
- Important16
- Board Meeting14
Spandana Sphoorty is collecting the final call money of ₹115 per partly paid share from its rights issue, totaling ₹199.35 Cr. Payment converts shares to fully paid equity, with the deadline for payment set in September.
Spandana Sphoorty's AGM cleared raising up to ₹4,000 Cr via private placement of Non-Convertible Debentures, boosting its funding pipeline. Two non-executive directors also re-appointed.
Spandana Sphoorty expanded microfinance reach, onboarding over 2.18 lakh new customers, impacting 50 lakh lives. Challenges: 17 employee fatalities, surge in customer complaints. Energy & water intensity per revenue increased; related party loans rose to ₹311.67 Cr.
Spandana Sphoorty reported Q1FY27 PAT of ₹12 Cr (+140% QoQ). AUM grew 11% QoQ to ₹4,887 Cr. Consolidated GNPA improved to 3.64%. Strong collection efficiency (96.6%) and liquidity (₹1,316 Cr) support future growth initiatives.
Spandana Sphoorty recorded ₹5 Cr PAT, turning profitable after 6 quarters. AUM grew 12% QoQ to ₹4,420 Cr, marking its first growth in 8 quarters. Disbursements jumped 30% QoQ to ₹1,539 Cr. Asset quality improved with consolidated GNPA at 3.78% and strong liquidity.