Spandana Sphoorty Financial Limited — Investor Meet, 06-06-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Spandana Sphoorty Financial reported a tough FY25 with AUM down 43% YoY to Rs 6,819 Cr and disbursements falling 48% to Rs 5,605 Cr amid cautious lending. Net interest income declined 5% to Rs 1,228 Cr; PPOP dropped 35% with a net loss of Rs 1,035 Cr due to elevated provisions. GNPA rose to 4.85%, PCR stood at 80%. Liquidity was strong at Rs 2,000 Cr (24% of assets). Collection efficiency improved to ~99% excluding Karnataka, slipping to ~97% in Apr-May. Management targets ~20% AUM growth in FY26, backed by a Rs 750 Cr rights capital raise, focusing on better underwriting, tech adoption, and higher loan officer productivity. Confident of profit recovery by Q3 FY26 with stabilizing credit costs.