Buy Spandana Sphoorty Financial, target price Rs 780: ICICI Securities

ICICI Securities has buy call on Spandana Sphoorty Financial with a target price of Rs 780. The current market price of Spandana Sphoorty Financial Ltd. is Rs 622.05.

Spandana Sphoorty Financial Ltd., incorporated in the year 2003, is a Mid Cap company (having a market cap of Rs 4444.45 Crore) operating in NBFC sector.

Spandana Sphoorty Financial Ltd. key Products/Revenue Segments include Interest, Income From Sale Of Share & Securities, Bad Debts Recovery for the year ending 31-Mar-2024.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 736.98 Crore, up 3.86 % from last quarter Total Income of Rs 709.60 Crore and up 39.77 % from last year same quarter Total Income of Rs 527.29 Crore. Company reported net profit after tax of Rs 55.71 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 56.85 per cent stake in the company as of 30-Jun-2024, while FIIs owned 22.83 per cent, DIIs 8.89 per cent.