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SPANDANA ASSET QUALITY
Spandana Sphoorty to launch Rs 400 crore rights issue at steep discountSpandana Sphoorty Financial will open a ₹400 crore rights issue on August 1 at ₹230 per share—nearly 25% below market price—to address asse...18 Jul, 2025, 08.30 PM IST- Spandana Sphoorty suffers net loss, auditor flags concerns over fraudsSpandana Sphoorty Financial announced a net loss of Rs 434 crore for the fourth quarter, alongside troubling findings from independent audi...30 May, 2025, 09.54 PM IST
- Spandana Sphoorty MD Shalabh Saxena resigns, Ashish Damani takes charge as interim CEOSpandana Sphoorty Financial's MD, Shalabh Saxena, has resigned to explore new career paths, prompting the appointment of Ashish Kumar Daman...24 Apr, 2025, 12.00 AM IST
- Spandana Sphoorty Financial downgraded by CareEdge, ICRA after Q3 resultsCareEgde Ratings: CareEdge and ICRA downgraded Spandana Sphoorty Financial’s debt ratings after weak Q3 results. The microfinance firm face...04 Feb, 2025, 06.57 PM IST
- Spandana Sphoorty Financial sells Rs 304.41 crore of stressed loans for Rs 16.74 croreSpandana Sphoorty Financial has sold stressed loans worth Rs 304.41 crore to an asset reconstruction firm for Rs 16.74 crore. The sale, app...24 Sep, 2024, 06.12 AM IST
- Spandana Sphoorty Financial stops adding new-to-credit customersMicrofinance company Spandana Sphoorty Financial has halted acquiring new-to-credit customers and stopped onboarding new clients in 14% of ...29 Jul, 2024, 05.34 PM IST
- Spandana Sphoorty profit rises 79% in Q3The lender's asset quality improved year-on-year but slipped a bit sequentially. Saxena attributed this to the transition from monthly repa...23 Jan, 2024, 06.15 AM IST
- Spandana Sphoorty sets 23% medium term growth targetSpandana Sphoorty Financial, a microfinance lender, is aiming to grow at a compounded rate of 23% in the next three-four years, which will ...12 Dec, 2023, 11.37 AM IST
- Spandana Sphoorty Q1 Results: Interest income more than doubles to Rs 493 croreThe 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...25 Jul, 2023, 12.50 AM IST
- Spandana Sphoorty shares jump 10%, hit 52-week high post Q4 resultsSpandana 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...03 May, 2023, 11.10 AM IST
- Spandana Sphoorty Q4 Results: PAT rises to Rs 105 cr; aims to disburse Rs 11,500 cr in FY24For 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...02 May, 2023, 06.53 PM IST
- Spandana Sphoorty net profit rises 50% to Rs 75 cr in March-qtrSpandana had informed the stock exchanges about delay in submitting the financial results for the financial year ended March 31, 2022 as it...11 Jul, 2022, 10.11 PM IST
- Spandana Sphoorty posts Rs 59 crore loss in Q2Spandana Sphoorty Financial, which was caught in a bitter fight between its promoter and private equity investor Kedaara Capital, reported ...06 Jan, 2022, 06.31 AM IST
- Buy Spandana Sphoorty Financial, target price Rs 840: ICICI SecuritiesSpandana Sphoorty Financial Ltd., incorporated in the year 2003, is a Mid Cap company (having a market cap of Rs 4173.75 Crore) operating i...18 Aug, 2021, 10.29 AM IST
- Microfinance stocks shine through the NBFC gloomIn the case of Spandana and CreditAccess, 95% and 86% borrowers are from rural areas.23 Jun, 2020, 03.13 PM IST
- Buy Spandana Sphoorty Financial, target price Rs 620: ICICI SecuritiesAccording to the brokerage, strong pre-provision operating profit (PPoP) margin at 16% and higher contingency buffer would ensure Spandana ...04 Jun, 2020, 01.01 PM IST
- Spandana Sphoorty showing strong fundamentals, visible growth curveThe number of borrowers more than doubled to 24.6 lakh during the period.11 Mar, 2020, 08.14 AM IST
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