Spandana Sphoorty Q4 FY26: Returns to Profitability with ₹8 Cr PBT, AUM Grows 12%
Spandana Sphoorty Financial Limited reported a Q4 FY26 PBT of ₹8 crore, a turnaround from a ₹125 crore loss in the prior quarter. AUM grew 12% QoQ to ₹4,420 crore, with average monthly disbursements at ₹500 crore. Collection efficiency remained strong at 99.7%. The company targets ₹6,500 crore AUM by FY27.
The return to profitability, substantial AUM growth, and positive operational metrics like collection efficiency are material developments that are likely to significantly impact investor sentiment and the company's valuation.
The company has returned to profitability after several quarters, with significant growth in AUM and improved collection efficiencies, indicating a positive operational and financial turnaround.
Spandana Sphoorty Financial Limited (SSFL) has announced its financial and operational performance for the quarter and year ended March 31, 2026. The company reported a Profit Before Tax (PBT) of ₹8 crore for Q4 FY26, marking a significant turnaround from a loss of ₹125 crore in the previous quarter. This return to profitability follows six quarters of challenging performance.
The company's Assets Under Management (AUM) grew by 12% quarter-on-quarter to ₹4,420 crore. This growth was driven by increased disbursements, which averaged ₹500 crore per month in Q4 FY26, up from ₹400 crore in Q3 FY26 and ₹300 crore in Q2 FY26. The new customer acquisition stood at 1.2 lakh borrowers in Q4 FY26, a substantial increase from 63,000 in the prior quarter.
Collection efficiency for the X-bucket remained robust at 99.7% for March 2026, an improvement from 99.3% in December 2025. The 1-90 days Past Due (DPD) portfolio reduced to 1.3% from 2.5% in the previous quarter. Gross Non-Performing Assets (GNPA) stood at 3.8%, down from 4.2%, and Net Non-Performing Assets (NNPA) decreased to 0.73% from 0.92%.
Looking ahead, Spandana Sphoorty aims to exit FY27 with an AUM of approximately ₹6,500 crore. The company is also focusing on expanding its individual loan portfolio and enhancing customer satisfaction, with a target of 95% for customer satisfaction scores. The merger process with CFL is also underway and is expected to take another 5-6 months.
What to do with a filing like this
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.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Spandana Sphoorty Financial Limited. Read the original for the full detail.