Spandana Sphoorty Financial Ltd was in focus on Wednesday. On January 8, 2025, Spandana Sphoorty share price opened at ₹404.00, up from its previous close of ₹400.45. At 11:09 AM, the share price of Spandana Sphoorty was trading at ₹455.75, up by 13.81% on the NSE. As of the same time, the stock price touched its day’s high at ₹463.95.
In Q2FY25, the company reported a total Assets Under Management (AUM) of ₹10,537 crore, marking an 8% year-on-year growth from ₹9,784 crore in the same quarter last year. The total income for the quarter stood at ₹707 crore, reflecting a 10% YoY increase from ₹640 crore in Q2FY24. Net Interest Income (NII) also saw a positive rise, growing 9% YoY to ₹341 crore from ₹312 crore in Q2FY24.
However, the company experienced a decline in disbursements, which dropped by 40% YoY, from ₹2,512 crore in Q2FY24 to ₹1,514 crore in Q2FY25. The Gross Non-Performing Assets (GNPA) increased to 4.86% from 1.40% in Q2FY24, while the Net Non-Performing Assets (NNPA) rose to 0.99%, up from 0.42% in the previous year’s quarter.
Spandana Sphoorty Financial Ltd is a rural-focused non-banking financial company (NBFC) and microfinance lender with a wide geographical presence across India. The company primarily provides income-generating loans under the joint liability group (JLG) model, targeting women from low-income households in rural regions. Founded as an NGO in Guntur in 1998, Spandana transitioned to an NBFC in 2004, and in 2015, it became an NBFC-MFI, receiving licensing from the Reserve Bank of India.
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Published on: Jan 8, 2025, 11:50 AM IST
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