Spandana Sphoorty Financial Limited has informed the Exchange regarding a press release dated August 14, 2025, titled "Press release".
SPANDANA · price
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Awaiting price reaction for this filing.
Spandana Sphoorty, a rural-focused microfinance NBFC, reported weak Q1FY26 results with a net loss of ₹360 crore, driven by elevated credit costs and a deliberate slowdown in lending. AUM fell 27% quarter-on-quarter to ₹4,958 crore and disbursements dropped 23% to ₹280 crore as the company pursued selective lending amid industry headwinds. Income declined 27% to ₹304 crore and Net Interest Income fell 43% to ₹113 crore, pushing Pre-Provision Operating Profit into a loss of ₹59 crore. On the positive side, the company closed a ₹400 crore rights issue with full promoter and institutional participation, lifting CRAR to 46% from 40.8%. Liquidity remained comfortable at ₹1,731 crore (26% of assets), and asset quality showed marginal improvement on a consolidated basis with GNPA at 5.49% and NNPA at 1.15%.
Short-term sentiment is likely negative due to the steep AUM contraction, quarterly net loss, and continued credit cost pressure. However, the successful capital raise strengthens the balance sheet and provides cushion for future growth, which may support a more constructive medium-term outlook for shareholders.