Spandana Sphoorty Financial Limited — Investor Meet, 31-01-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Spandana Sphoorty's Q3 FY26 earnings call reveals a significant turnaround. The new book, now 58% of AUM, shows strong 99.8% collection efficiency and is targeted to reach 90% by FYE. Disbursements jumped 27% sequentially to Rs. 1,188 Cr. Standalone GNPA has improved to 2.6%. Notably, the company achieved a positive PPOP of Rs. 8 Cr after several quarters. Management plans to merge its subsidiary, optimize branches, and implement a new LOS platform for efficiency. An AUM target of Rs. 9,000-10,000 Cr by FY28 indicates sustainable growth, with Q4 FY26 break-even as an immediate goal, reflecting a strong focus on asset quality and strategic execution.