BusinessFriday, October 30, 20261 min read

Spandana Sphoorty returns to profit at Rs 18 crore in Q2FY27

By Economic Times Markets · Published by Everything Blog

In short

Spandana Sphoorty recorded a standalone net profit of Rs 35 crore for the second quarter, staging a strong recovery from a Rs 218 crore loss in the same period last year. Consolidated pre-provision operating profit climbed to Rs 79 crore, up from an operating loss of Rs 40 crore a year earlier. Alongside this earnings rebound, the group expanded its assets under management by 31% year-on-year to Rs 5,364 crore by the end of September.

Key points

Standalone microfinance operations reversed heavy historical losses to deliver a net prof…: Standalone microfinance operations reversed heavy historical losses to deliver a net profit of Rs 35 crore.
Asset quality improved sharply as net non-performing assets declined from 1.17% down to 0…: Asset quality improved sharply as net non-performing assets declined from 1.17% down to 0.50%.
Balance sheet resilience was reinforced by maintaining a provision coverage ratio of appr…: Balance sheet resilience was reinforced by maintaining a provision coverage ratio of approximately 80%.

Sources checked by our analysis pipeline: 1

The standalone net profit for the quarter under review, which reflects the earnings from microfinance operation, stood at Rs 35 crore against Rs 218 crore loss in the corresponding period last year.

The consolidated pre-provision operating profit stood at Rs 79 crore against a Rs 40 crore loss in the year-ago quarter.

The asset under management for the group grew 31% year-on-year to Rs 5364 crore at the end of September. The gross non-performing assets ratio improved to 2.54% from 5.62% a year prior. Net NPA stood at 0.50% against 1.17% over the same period, with a provision coverage ratio being maintained at around 80% at the end of the reporting cycle.

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AI Analysis

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In short

Key Points

Standalone microfinance operations reversed heavy historical losses to deliver a net prof…: Standalone microfinance operations reversed heavy historical losses to deliver a net profit of Rs 35 crore.
Asset quality improved sharply as net non-performing assets declined from 1.17% down to 0…: Asset quality improved sharply as net non-performing assets declined from 1.17% down to 0.50%.
Balance sheet resilience was reinforced by maintaining a provision coverage ratio of appr…: Balance sheet resilience was reinforced by maintaining a provision coverage ratio of approximately 80%.

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AI Analysis

Tone

Positive

In short

Key Points

Standalone microfinance operations reversed heavy historical losses to deliver a net prof…: Standalone microfinance operations reversed heavy historical losses to deliver a net profit of Rs 35 crore.
Asset quality improved sharply as net non-performing assets declined from 1.17% down to 0…: Asset quality improved sharply as net non-performing assets declined from 1.17% down to 0.50%.
Balance sheet resilience was reinforced by maintaining a provision coverage ratio of appr…: Balance sheet resilience was reinforced by maintaining a provision coverage ratio of approximately 80%.

Topics

Business

Was this summary useful?

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Spandana Sphoorty returns to profit at Rs 18 crore in Q2FY27

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