Spandana Sphoorty Financial posted a ₹440 crore net loss in Q3 FY24, its second consecutive quarterly loss, driven by ₹626 crore bad loan w...

“The first quarter of the fiscal was a challenging one for the company. The long drawn seven phase general elections, severe heat wave acro...

Spandana Sphoorty reported consolidated net profit of Rs 122 crore for the quarter ended March 2024. The net interest income jumped 21% yea...

Its quarterly net interest margin, a key profitability metrics, improved to 14.6% from 13.9% seen in the year ago quarter. This was helped ...

The lender's asset quality improved year-on-year but slipped a bit sequentially. Saxena attributed this to the transition from monthly repa...

The asset under management for Spandana jumped 60% to Rs Rs 8,848 crore while gross non-performing assets ratio fell to 1.63% at the end of...

Spandana Sphoorty Financial's Q4 FY23 net profit increased by 268% to INR 105.55 crore ($14.1m), which boosted the company's shares by almo...

For FY23, its post-tax net profit declined to Rs 12.31 crore against Rs 69.8 crore in the year-ago period. A statement from Spandana Sphoor...

“The board has approved the transfer of stressed loan portfolio including written-off loans of Rs 323.08 crore outstanding as on September ...

ICICI Securities, in its recent report, however, has upgraded the stock to 'Buy' from 'Add' earlier with a revised target price of Rs 550, ...

Its consolidated total income also declined sharply from Rs 480.3 crore in Q4FY21 to Rs 299.1 crore in Q4FY22. Its business operations were...

Spandana had informed the stock exchanges about delay in submitting the financial results for the financial year ended March 31, 2022 as it...

Spandana called a board meeting on March 18 and announced the appointments of Saxena as MD and Ashish Damani as chief financial officer for...

Microfinance lender Spandana Sphoorty Financial faces fresh troubles over fundraising as some minority shareholders get ready to challenge ...

The microfinance lender delayed the announcement of its second-quarter results as it failed to complete the audit in time due to the flux i...

Spandana Sphoorty Financial, which was caught in a bitter fight between its promoter and private equity investor Kedaara Capital, reported ...

Axis Bank is looking to strengthen its reach in the rural areas and acquiring a microfinance lender with greater range in rural areas is se...