Spandana Sphoorty Financial Limited — Updates, 28-10-2024: Press Release

Spandana Sphoorty Financial Limited reported an 8% YoY growth in AUM, with income up 10% and net interest income up 9% for Q2 FY25. The company faced challenges including high employee attrition and a diluted JLG model post-COVID. Profit after tax decreased significantly due to increased impairment costs, while borrower indebtedness and average ticket sizes rose. Strategic measures have been implemented to strengthen controls, optimize collections, and enhance recovery efforts.