Spandana Sphoorty Approves ₹4,000 Cr NCD Issuance, Posts Q4 FY26 Results
Spandana Sphoorty Financial Limited's Board approved audited standalone and consolidated results for Q4 FY26. The company approved a ₹4,000 crore NCD issuance. Q4 FY26 saw a profit of ₹5.49 crore, an improvement from a loss last year. Full-year FY26 loss narrowed to ₹624.05 crore. CRAR is 29.76%.
The approval of a large debt issuance (₹4,000 crore) and the reporting of financial results, including improved quarterly performance, are material events that can significantly impact the company's financial standing and investor perception.
The company reported improved profitability in the quarter and a narrowed loss for the full year, along with the approval of a significant fundraising plan, indicating positive financial and strategic developments.
Spandana Sphoorty Financial Limited's Board of Directors, in a meeting held on May 5, 2026, approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The board also approved an aggregate limit not exceeding ₹4,000 crore for the issuance of Non-convertible Debentures on a private placement basis, subject to shareholder approval.
The company reported a profit after tax of ₹5.49 crore for the quarter ended March 31, 2026, a significant improvement from a loss of ₹82.54 crore in the same period last year. For the full year ended March 31, 2026, the company posted a net loss of ₹624.05 crore, compared to a loss of ₹956.74 crore in the previous year.
The financial results were accompanied by an unmodified audit opinion from B S R & Co. LLP. The company's gross loan book reduced from ₹5,554.45 crore as of March 31, 2025, to ₹3,449.58 crore as of March 31, 2026. The Capital to Risk-Weighted Assets Ratio (CRAR) stood at 29.76% as of March 31, 2026, which is well above the regulatory minimum. The company also noted that it was not compliant with certain financial covenants relating to its borrowings but has obtained waivers from the majority of lenders.
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Spandana Sphoorty Financial Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Spandana Sphoorty Financial Limited. Read the original for the full detail.