Outcome of Board Meeting for Financial Results
SPANDANA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Spandana Sphoorty Financial Limited reported its FY2026 annual results with total income of Rs 942.20 crore, down significantly from Rs 2,245.19 crore in FY2025 due to natural portfolio run-off and reduced disbursements. The company posted a net loss after tax of Rs 624.05 crore for the full year, though this improved from Rs 956.74 crore loss in FY2025. Q4 FY2026 showed a positive PAT of Rs 5.49 crore. The gross loan book reduced from Rs 5,554.45 crore to Rs 3,449.58 crore. The company undertook technical write-offs of Rs 1,155.27 crore during the nine months ended December 2025 due to elevated delinquencies in legacy loans. The auditors issued an unmodified opinion. The company also received waivers from majority lenders for non-compliance with certain financial covenants.
Despite ongoing losses and massive portfolio shrinkage, Q4 profitability and improved annual loss indicate some recovery traction. However, the 58% revenue decline and negative PAT for the full year remain serious concerns for shareholders. The company maintains adequate capital buffers with CRAR at 29.76%.