Home / Business and Economy / Spandana Sphoorty Swings to Profit After Tough Quarter
Spandana Sphoorty Swings to Profit After Tough Quarter
5 May
Summary
- Net profit returned to ₹5.27 crore, a significant turnaround from last year's loss.
- Assets under management grew 12% sequentially to ₹4,420 crore.
- Disbursements increased 30% sequentially, with strong collection efficiency.
Spandana Sphoorty Financial has reported a significant turnaround in its financial performance, swinging to a net profit of ₹5.27 crore for the March quarter. This marks a substantial improvement from the ₹434.3 crore loss recorded in the same period last year.
The company's return to profitability was bolstered by an EBITDA of ₹121 crore, compared to a loss of ₹389 crore a year prior. Despite a year-on-year revenue decline to ₹260 crore, its assets under management (AUM) saw a healthy 12% sequential increase, reaching ₹4,420 crore by the end of March 2026. This growth represents the first significant expansion in eight quarters.
Further positive indicators include a 30% sequential rise in disbursements to ₹1,539 crore during the fourth quarter. Collection efficiency remained exceptionally high at 99.7%, and asset quality improved, with Gross Non-Performing Assets (GNPA) declining to 3.78% as of March 2026. The company's CEO highlighted the sector's recovery and Spandana's return to profitability after six quarters.
