Spandana Sphoorty Financial Limited — Investor Meet, 05-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Spandana Sphoorty recorded a Q2 FY26 net loss of Rs. 249 Cr, with negative PPOP of Rs. 40 Cr and Net Interest Income at Rs. 91 Cr. However, operational trends show improvement: X-bucket collection efficiency reached 98.7% (Sept), and disbursements jumped to Rs. 934 Cr in Q2. Management projects monthly disbursements of Rs. 500+ Cr for Q3 and Rs. 700+ Cr for Q4, anticipating PPOP to turn positive soon. The company is focusing on growing its high-quality loan book, targeting 20% AUM growth and 2.5-3% credit costs in FY27. Liquidity remains robust at Rs. 1,270 Cr, reflecting a cautiously optimistic rebuilding phase.