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Spandana Sphoorty Share Price Surge 13.81% on January 8, 2025

Updated on: Jan 8, 2025, 11:50 AM IST
Spandana Sphoorty share price rose 13.81% on January 8, 2025, opening at ₹404 and reaching a high of ₹463.95 as of 11:09 AM on the NSE.
Spandana Sphoorty Share Price Surge 13.81% on January 8, 2025
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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.

Q2 FY 2025 Financial Highlights

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.

About Spandana Sphoorty Financial Ltd

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.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Jan 8, 2025, 11:50 AM IST

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