SPANDANA

- Q1 - Results for F.Y. 25-26

- Q1 - Results for F.Y. 25-26 Microfinance Institutions company Spandana Sphoorty Financial announced Q1FY26 results 1)Total Income: Rs 304 crore in Q1FY26 - 27% QoQ decline. 2) Net Interest Income: Rs 113 crore in Q1FY26, lower by 43% QoQ. 3) Yield: 19.35%, decline of 138 bps QoQ. 4) Cost of borrowings: 12.34% in Q1FY26; decline by 21 bps QoQ. 5) Pre-Provision Operating Profit (PPOP): (Rs 59 crore) for Q1FY26 vs. Rs 25 crore reported in Q4FY25. 6) The Company reported a net loss of Rs 360 crore for Q1 FY26, driven by elevated credit costs stemming from higher gross slippage, coupled with subdued income due to degrowth in loan book and increased operational expenses. 7) AUM: Rs 4,958 crore 27% QoQ decline (Rs 6,819 crore: March’25). Disbursement: Muted disbursements owing to very selective lending and continued industry headwinds. Total disbursement for the quarter was Rs 280 crore as against Rs 365 crore disbursed in Q4FY25 - a QoQ decline of 23%. 8) Asset Quality (Consolidated): GNPA: 5.49% (31-March-2025: 5.63%); NNPA: 1.15% (31-March-2025: 1.19%). PCR: Provision Coverage Ratio has been maintained at ~80%. 9) Collection Efficiency: Gross Collection Efficiency was at 91.1% for Q1FY26 (91.5% in Q4FY25). Net collection efficiency was flat QoQ at 90.6% (90.9% in Q4FY25). Sufficient liquidity of Rs 1,731 crore at the end of June 2025. 10) Overall results are below expectation. 11) All this is for information. This is not a buy/sell recommendation. Thank you, Technofunda24