Spandana Sphoorty Q1 FY27 Earnings Call Transcript Released
Spandana Sphoorty reported Q1 FY27 results with AUM at ₹4,887 Cr, up 11% QoQ. PAT was ₹12 Cr. Collection efficiency stood at 99.5%. The company aims for 3.5% ROA by FY28 and targets ₹6,000-6,500 Cr in disbursements for FY27.
The announcement is a transcript of an earnings call, providing detailed financial performance and future outlook. While positive, it does not contain major immediate corporate actions or significant financial restructuring that would warrant a 'HIGH' impact.
The company reported positive financial results including AUM growth, improved profitability, and reduced credit costs. Management commentary and financial metrics indicate a positive outlook.
Spandana Sphoorty Financial Limited has released the transcript of its conference call held on Friday, July 24, 2026, to discuss the financial and operational performance for the quarter ended June 30, 2026. The company reported an Assets Under Management (AUM) growth of 11% quarter-on-quarter, reaching ₹4,887 crores. New member additions were at 61% compared to 46% in the previous quarter, with total members added at 1.38 lakh.
Collection efficiency for the X-bucket remained strong at 99.5%. Annualized credit cost stood at 2.1%, a decrease from 3.2% in the March quarter, with net credit cost remaining negative due to strong recoveries. The company managed to collect ₹51 crores in the 90-plus pool. Marginal cost of funding decreased to 11.3% from 12% in the prior quarter, and the overall cost of borrowing reduced to 12.8% from 13.2%. The share of the new portfolio, effective April 1, 2025, grew to 91%. Profit After Tax (PAT) was ₹12 crores, up from ₹5 crores in the March 2026 quarter.
The company highlighted plans to focus on growth in Tamil Nadu and Maharashtra, currently holding small market shares. A pilot for an individual loan product is set to begin in 8 branches in Madhya Pradesh. Spandana Sphoorty is also working on reviving 100 underperforming branches with a dedicated team. Proactive strategies are in place to manage potential impacts of El Nino on new customers. The balance rights issue money of ₹200 crores is expected by the end of the current quarter. A new Chief Business Officer for South has joined the team.
Financially, the company aims for a Return on Assets (ROA) of 3.5% by FY28, with current ROA at 1%. The target for business disbursements for the year is ₹6,000 to ₹6,500 crores, with an AUM target of approximately ₹10,000 crores by March 2028. The company anticipates a full-year operating expense of around ₹675 crores for the current year, with a projected 10% increase for the next year.
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Spandana Sphoorty Financial Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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