Spandana Sphoorty Financial Limited — Investor Meet, 21-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Spandana Sphoorty's Q1 FY26 earnings call highlighted a "rebuilding" phase. The company successfully closed a ₹400 Cr rights issue, improving CRAR to 46%. Q1 disbursements were ₹280 Cr, with AUM at ₹4,958 Cr (down 27% QoQ). A net loss of ₹360 Cr was reported due to higher provisions.

Management expects PPOP to turn positive and performance to improve from Q3 FY26, targeting ~20% AUM growth for FY26. Stricter credit rules from January 2025 show new loans performing strongly, trending at 100% current book. Operational efficiencies, including staff reductions and branch mergers, are in focus. The outlook is cautiously optimistic for future growth and asset quality.