Spandana Sphoorty Board Approves FY26 Results and ₹4,000 Crore NCD Issuance
Spandana Sphoorty Financial Limited reported a net profit of ₹5.49 crore for Q4 FY26, a significant improvement from a loss of ₹410.19 crore in Q4 FY25. The company's board approved audited financial results for FY26 and a debt issuance program of up to ₹4,000 crore. The gross loan book reduced to ₹3,449.58 crore.
The approval of a ₹4,000 crore debt issuance program is a material event for a financial services company, significantly impacting its capital structure and future growth potential. The improved quarterly results also suggest a positive turnaround.
The company reported a net profit for the quarter, a significant improvement from the previous year's loss. The approval of a substantial debt issuance program indicates a positive outlook and capacity for future funding.
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 Audit Committee reviewed these results, and the Statutory Auditor, B S R & Co. LLP, issued an unmodified audit report. The Board also approved an aggregate limit of up to ₹4,000 crore for the issuance of Non-convertible Debentures on a private placement basis, subject to shareholder approval.
The financial results indicate a net profit after tax of ₹5.49 crore for the quarter ended March 31, 2026, compared to a net loss of ₹410.19 crore in the same quarter of the previous year. For the full year ended March 31, 2026, the company reported a net loss after tax of ₹624.05 crore, an improvement from a net loss of ₹956.74 crore for the year ended March 31, 2025. The company's total income for the quarter was ₹253.63 crore, and for the year, it was ₹942.20 crore.
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. This reduction is attributed to a calibrated approach to disbursements and portfolio management, alongside the natural run-off of the existing portfolio. The Capital to Risk-Weighted Assets Ratio (CRAR) stood at 29.76% as of March 31, 2026, well above the regulatory requirement. The company also noted that it was not compliant with certain financial covenants relating to its borrowings as of March 31, 2026, but has obtained waivers from the majority of lenders and is confident no material demand for immediate repayment will be made. The Board meeting commenced at 1:30 p.m. and concluded at 3:45 p.m.
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