Spandana Q3 FY26 loss at 82.5 cr; tech write-offs of 207 cr
SPANDANA · price
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Spandana posted standalone loss of 82.5 cr for Q3 FY26 and 218 cr for nine months FY26, mainly from technical write-offs of 207 cr (Q3) and 1,155 cr (9M) on stressed prior-year loans. Loan book shrank to 3,079 cr from 5,554 cr. Company breached the 60 percent Qualifying Assets threshold and certain debt covenants, but obtained waivers from lenders. Tier I capital at 817 cr, CRAR at 30.43 percent. Board gave in-principle approval for merger of subsidiary Criss Financial with the company and appointed Ganesh KV as Chief Transformation Officer.
Sustained losses, regulatory threshold breach and covenant non-compliance raise concerns; strong capital and liquidity offer support.