Spandana Sphoorty Q1 FY27 Results: AUM Grows 11% to ₹4,887 Cr, Net Profit ₹12 Cr
Spandana Sphoorty's Q1 FY27 results show an 11% QoQ growth in AUM to ₹4,887 Cr. Disbursements reached ₹1,371 Cr. Net Profit stood at ₹12 Cr. Collection efficiency improved to 95.9%. Liquidity was ₹1,316 Cr and CRAR was 33.8%. ICRA revised outlook to BBB+/Stable.
The results include significant growth in AUM, improved asset quality metrics, and a positive credit rating outlook, which are material factors for investors and indicate a strong performance trajectory for the company.
The announcement shows positive trends in AUM growth, improved collection efficiency, and a stable financial outlook, including a rating upgrade. The reduction in operating expenses and cost of borrowing further contributes to the positive sentiment.
Spandana Sphoorty Financial Limited announced its unaudited financial results for the quarter ended June 30, 2026. The company reported an Assets Under Management (AUM) of ₹4,887 crore, marking an 11% increase quarter-on-quarter. Disbursements for the quarter stood at ₹1,371 crore, driven by new member additions.
The presentation highlights a strong focus on asset quality, with 91% of the microfinance AUM originating under new credit rules. The Net Collection Efficiency for Q1FY27 improved to 95.9% from 94.7% in Q4FY26, and the X-bucket Collection Efficiency remained above 99.5% for approximately 80% of MFI branches.
Financially, the company reported a Profit After Tax (PAT) of ₹12 crore for Q1FY27, an improvement from Q4FY26. Pre-Provision Operating Profit (PPOP) was ₹16 crore, and including recoveries, it stood at ₹40 crore. The GNPA and NNPA were reported at 3.6% and 0.7% respectively at the end of June 2026.
Spandana Sphoorty maintained robust liquidity with ₹1,316 crore as of June 30, 2026, and raised incremental funding of ₹1,597 crore in Q1FY27. The Capital to Risk-Weighted Assets Ratio (CRAR) was approximately 33.8% at the end of June 2026. The marginal cost of borrowing saw a sequential improvement, decreasing to 11.3% in Q1FY27 from 12.0% in Q4FY26.
ICRA Ratings revised the outlook for the company to BBB+/Stable from BBB+/Negative. Operating expenses were reduced to ₹155 crore in Q1FY27 from ₹209 crore in Q1FY26, indicating progress in driving operating efficiencies.
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