SPANDANA · Spandana Sphoorty Financial Ltd · Consumer Financial Services
SPANDANA · Spandana Sphoorty Financial Ltd · Consumer Financial Services
As of 05 Nov close
52-week range
41.8% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹280 Cr
Revenue YoY
PAT YoY
+103.3%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
0.8
P/S (TTM)
1.9
Sector P/E
24.3
Dividend yield
0.0%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| SPANDANA (this stock) | Not meaningful (earnings negative over the last 12 months) | 0.8 | -33.0% | -15.4% | 1.85 | 0.0% |
| Bajaj Finance | 30.8 | 5.7 | +23.8% | +17.8% | 3.22 | +0.5% |
| Shriram Finance | 18.4 | 3.6 | +22.8% | +17.2% | 3.8 | +1.1% |
| Jio Financial Services | 95.5 | 1.2 | +49.8% | Not available from data source | 11.81 | +0.2% |
Promoter
stable
FII
falling 2q
MF
0.77% (+0.23pp)
rising 1q
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
| date | canonicalSymbol | buy quantity | buyer count | deal strength | deal types present |
|---|---|---|---|---|---|
| 2026-05-05 | SPANDANA | 397807 | 1 | WEAK | BULK |
News timeline
No related news.
Concalls & investor presentations
AI-generatedKey takeaway: Spandana Sphoorty Financial Limited (SSFL) presented unaudited financial results for Q2 FY27 and H1FY27, highlighting key operational and financial metrics. The company reported a 10% quarter-over-quarter (QoQ) growth in Assets Under Management (AUM) to ₹5,364 crore, driven by increased disbursements of ₹1,481 crore, with 54% going to new customers and 11% to reactivated ones. X-bucket collection efficiency remained stable at 99.6%, with 81% of branches reporting efficiency above 99.5%. Profit Before Tax (PBT) improved to ₹37 crore, up from ₹18 crore in Q1 FY27, supported by higher yields and lower funding costs, which boosted Net Interest Margin (NIM) to 13.6%. The company also noted a reduction in Gross Non-Performing Assets (GNPA) to 2.54% and Net Non-Performing Assets (NNPA) to 0.50%. Liquidity remained strong, with ₹1,379 crore in cash reserves and a Capital to Risk-Weighted Assets Ratio (CRAR) of 33.5%. Strategic initiatives included the launch of a new Loan Origination System (LOS) platform, restructuring of the micro-LAP business, and progress on the CFL merger. The company emphasized its focus on improving recovery rates for 90+ delinquent loans and maintaining a diversified geographical presence with no single district exceeding 2.4% of AUM. Credit rating agencies have assigned stable or watch-positive outlooks to the company's bank facilities and debt instruments.
The document highlights improvements in financial metrics, stable collection efficiency, and strategic initiatives, indicating a positive outlook.
Sourced from an exchange-filed presentation, dated 30 Oct 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Spandana Sphoorty Financial Limited held its Q1 FY27 earnings conference call on July 24, 2026, where management reported an 11% quarter-on-quarter growth in Assets Under Management (AUM), reaching INR4,887 crores. New member additions increased to 1.38 lakh, with a collection efficiency of 99.5%. The company reported a profit after tax (PAT) of INR12 crores, up from INR5 crores in the previous quarter. Management highlighted plans to expand in Tamil Nadu and Maharashtra, aiming to double their market share in these states. They also discussed the introduction of an individual loan product and efforts to improve underperforming branches. The management emphasized maintaining focus on collections and operational efficiency while preparing for potential impacts from external factors like El Nino. Overall, the company expressed optimism about its performance and strategic initiatives.
Management highlighted growth and strategic initiatives while expressing optimism about future performance.
Sourced from an exchange-filed transcript, dated 31 Jul 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: During the earnings conference call held on May 5, 2026, management reported a significant increase in disbursements, averaging INR 500 crores per month, up from INR 400 crores in the previous quarter. The company's assets under management (AUM) reached INR 4,400 crores, reflecting a 12% quarter-on-quarter growth. Management highlighted a collection efficiency of 99.7% and noted that 80% of the new book was sourced under new guidelines. The company achieved a profit after tax (PAT) of INR 5 crores, a turnaround from a loss of INR 95 crores in the prior quarter. Management also discussed plans for a new loan origination system and emphasized a focus on customer satisfaction, which improved from 22% to 71%. The merger process with CFL is underway, and management expressed confidence in maintaining collection efficiency despite potential seasonal challenges.
Management emphasized growth and operational improvements throughout the discussion.
Sourced from an exchange-filed transcript, dated 12 May 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Spandana Sphoorty Financial Limited reported a 12% quarter-on-quarter growth in Assets Under Management (AUM) to ₹4,420 crore for Q4 FY26, with disbursements increasing by 30% to ₹1,539 crore. The company noted that 80% of its microfinance AUM originated in FY26, achieving a net collection efficiency of 99.7%. Management highlighted improvements in collection efficiency, with 86% of branches maintaining above 99.5% efficiency. The company returned to profitability with a profit after tax of ₹5 crore, driven by enhanced asset quality and recoveries. Liquidity stood at ₹1,438 crore, and the capital adequacy ratio was approximately 35.9%. Management indicated ongoing strategic initiatives, including a merger with Criss Financial Ltd and branch rationalization, aimed at optimizing operational efficiency and supporting future growth.
Management emphasized growth and recovery in financial performance.
Sourced from an exchange-filed presentation, dated 05 May 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedSpandana Sphoorty Financial Limited reported a net loss for FY2026 due to significant credit losses, with an impairment loss allowance of ₹132.01 crore and a charge of ₹620.06 crore. The company's loan portfolio decreased to ₹3,449.58 crore, and it maintained a CRAR of 29.76%. Despite a net loss, the company asserts no material uncertainty about its going concern status. It has not defaulted on loans or faced insolvency proceedings. The company has a strong liquidity position with ₹1,376.77 crore in cash reserves and has maintained compliance with regulatory requirements.
- Net loss of ₹620.06 crore due to significant credit losses and impairment charges in FY2026.
- Loan portfolio reduced to ₹3,449.58 crore as of March 31, 2026, with a CRAR of 29.76%.
- No defaults on loans or insolvency proceedings reported, with ₹1,376.77 crore in liquidity reserves.
- Deferred tax asset of ₹640.63 crore recognized, primarily from carried-forward tax losses.
- Management asserts no material uncertainty regarding the company's ability to continue as a going concern.
Key takeaway: Spandana Sphoorty Financial Limited reported a net loss in FY2026 due to credit losses and impairment charges, but maintains strong liquidity and regulatory compliance, with no material uncertainty about its going concern status.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Auditor Qualification (2 items); Regulatory Action (3 items); Default / Covenant Breach (2 items)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Auditor Qualification
2 occurrencesEarlier (1-3 years ago)
The auditor expressed a qualified opinion regarding the adequacy and operating effectiveness of the internal financial controls, which may have an adverse effect on the functioning of the company.
The auditor states that there is no assurance regarding the company's ability to meet its liabilities within one year from the balance sheet date, and does not provide any guarantee or assurance that all liabilities will be discharged as they fall due.
Regulatory Action
3 occurrencesRecent (last 12 months)
BSE Limited levied a fine of ₹23,600 for the delay in submission of the notice of Record Date for ISINs INE572J07562 and INE572J07745 in November 2024.
Earlier (1-3 years ago)
The company paid ₹38,12,160/- as settlement fees to SEBI on August 8, 2024, following which SEBI passed a Settlement Order on August 21, 2024, disposing of the adjudication proceedings initiated against the company on January 4, 2024.
The company was fined 10,000 by the National Stock Exchange of India Limited for delaying the submission of the notice of Record Date for ISIN: INE572J07455 and ISIN: INE572J07489 for the period ended October 31, 2023.
Default / Covenant Breach
2 occurrencesRecent (last 12 months)
The Company was in breach of a few specific covenants with respect to Non-Convertible Debt Securities issued by the Company. Details regarding Breach of Covenants are covered under Note No. 15(b) of the Notes to Financial Statements.
Earlier (1-3 years ago)
The company has overdue loans with amounts outstanding in various categories (SMA 0 to more than 90 days) as of 31 March 2024, indicating potential defaults or covenant breaches.
Routine disclosures
Internal Control Weakness
1 occurrenceEarlier (1-3 years ago)
The auditor has identified material weaknesses in the internal financial controls of Spandana Sphoorty Financial Limited as of 31 March 2025, which have affected the achievement of the control objectives.
Contingent Liability
3 occurrencesRecent (last 12 months)
The company has contingent liabilities related to pending litigations under direct and indirect taxes, with amounts based on management's estimates and no material liability expected.
Earlier (1-3 years ago)
The company has contingent liabilities related to pending litigations under direct and indirect taxes, with amounts based on management's estimates. It also provides a corporate guarantee for term loans availed by Criss Financial Limited.
The company has a contingent liability of 0.56 crore as of March 31, 2024, related to service tax, interest, and penalty levied by the CST on pre-closure interest and profit on portfolio sales, with an appeal pending before CESTAT.
Related-Party Transaction
3 occurrencesRecent (last 12 months)
The company passed an ordinary resolution on July 08, 2025, approving related party transactions with Criss Financial Limited for the financial year 2025-26.
Earlier (1-3 years ago)
Spandana Sphoorty Financial Limited provided Inter-Corporate Advances of 143.10 Crore (Gross) to its subsidiary Criss Financial Limited (CFL) under a one-year contract approved by the Board on February 15, 2024.
The company obtained shareholder approval on March 25, 2024, for material related party transactions through a postal ballot dated February 23, 2024, and also for the next financial year (FY 2024-25).
Statutory dues in dispute
1 occurrenceEarlier (1-3 years ago)
The company has statutory dues under dispute for Goods and Services Tax, Provident Fund, Employees State Insurance, Income-Tax, or Cess, with amounts under dispute and deposited under protest, pending in various forums including the Customs, Excise and Service Tax Appellate Tribunal and High Court of Telangana.
Management & Board Governance
1 occurrenceEarlier (1-3 years ago)
Mr. Shalabh Saxena, the Managing Director and Chief Executive Officer, resigned effective April 23, 2025.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
3.75% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).