Spandana Sphoorty Financial is a rural-focused non-banking financial company and a microfinance lender (NBFC-MFI) with a geographically diversified presence in India. The company offers income generating loans under the joint liability group (JLG) model, predominantly to women from low-income households in rural areas.

Spandana Sphoorty board to mull NCD

Microlender Spandana Sphoorty Financial on Monday reported a 79 per cent jump in net profit at Rs 127 crore in the October-December quarter of current fiscal on improved asset quality, loan growth and higher interest income. The Hyderabad-based lender said its income jumped to Rs 657 crore, up 75 per cent, in the quarter under review from Rs 375 crore registered during the same period of last fiscal.

Spandana Sphoorty Financial net profit jumps 79% to Rs 127 crore

SFL’s increased  its dependence  on NBFCs  and capital  market instruments,  including NCDs and  market  linked  debentures  for  funding, going forward, it is critical for SSFL to strengthen its funding profile, secure funding at competitive rates.

The risks associated with the marginal borrower profile, unsecured lending, business and political risks, along with the challenges associated with a high pace of growth and attrition.

The issuer has made timely interest payments.

Mr. Shalabh Saxena, MD and CEO

Ms. Abanti Mitra, Non-Executive Chairman and Independent Director

SSFL reported a consolidated profit after tax of Rs. 119.5 crores as of June 2023 compared to Rs. 12.4 crores as of March 2023.

Spandana’s capital adequacy ratio remains well above the regulatory requirement of 15% and the leverage has been comfortable, supported by regular equity infusions and good internal capital generation in the past.

As on June 30, 2023, its largest state, Madhya Pradesh, accounted for 16.5% of the standalone portfolio, followed by Odisha-15.0%,  Andhra  Pradesh- 10.9%  and  Karnataka- 10.6%.  The  company  has  identified 7  states  for  scaling  up, which would bring down its geographical concentration.

10.75%Spandana Sphoorty Financial Limited 04 Sep 2026

ISIN:

INE572J07612

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Spandana Sphoorty Financial Limited

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Spandana Sphoorty board to mull NCD

Spandana Sphoorty Financial net profit jumps 79% to Rs 127 crore

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