Spandana Sphoorty Financial Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Spandana Sphoorty Financial Limited reported a net loss of ₹624.05 crore for FY2026, narrowing from a loss of ₹956.74 crore in FY2025. Total income fell sharply to ₹942.20 crore from ₹2,245.19 crore — a ~58% decline — driven by a deliberate reduction in the gross loan book from ₹5,554 crore to ₹3,450 crore as the company managed portfolio stress. The Q4 standalone result turned profitable at ₹5.49 crore, a significant turnaround from a ₹410 crore loss in Q4 FY2025. Impairment on financial instruments improved to ₹630 crore from ₹1,863 crore year prior. The auditor issued an unmodified (clean) opinion. The company disclosed non-compliance with certain borrowing covenants as of March 31, 2026, but obtained waivers from majority lenders and believes no immediate repayment demands will arise.
Despite a narrowed annual loss and Q4 profitability, the sharp revenue contraction and covenant breach highlight ongoing credit stress. The stock may face near-term pressure due to negative PAT and shrinking loan book, though improving Q4 trends and adequate CRAR at 29.76% provide some comfort.