Spandana Sphoorty Financial Limited — Important, 28-10-2024: Financial Result Updates

Spandana Sphoorty Financial Limited reported its unaudited financial results for Q2 FY2024-25, showing a significant net loss of ₹203.93 crores, attributed to high impairment expenses and operational challenges. The Board approved the appointment of Alwyn Jay & Co. as Secretarial Auditor for FY2024-25. The company reported total revenues of ₹659.47 crores, with principal revenues declining due to high credit costs and operational disruptions, impacting profitability.