Announced Fri, 3 Jul · 17:05 IST
CARE Ratings reaffirms Spandana Sphoorty ratings at BBB+ Stable
Credit & Debt View source PDF
SPANDANA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-2.4%1-day move
₹303.75
prior close
₹303.45
base price
After-mkt
timing
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+2.2+1.4+1.6+3.4-2.4-4.0+0.4+0.6+0.7+0.1-12.5———
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AI summary
CARE Ratings has reaffirmed Spandana Sphoorty's credit ratings. Long-term bank facilities of 800 crore and NCDs totalling 880 crore reaffirmed at BBB+ with Stable outlook. Commercial paper of 100 crore reaffirmed at A2. The company posted losses of 1,035 crore in FY25 and 699 crore in FY26, with AUM falling sharply to 4,420 crore from 11,973 crore two years earlier. Capital adequacy stands at 35.9%, gross stage-3 loans improved to 4.2% from 6.2%.
Likely market impact
Reaffirmation signals stable credit profile but profitability and AUM recovery remain key watch points. No fresh rating action though debt costs stay elevated.