Spandana Sphoorty Q4FY26: PAT turns positive at ₹5 Cr, AUM grows 12% QoQ to ₹4,420 Cr.
Spandana Sphoorty Financial Limited reported a PAT of ₹5 Cr for Q4FY26, turning positive after six quarters. AUM grew 12% QoQ to ₹4,420 Cr, and disbursements increased 30% QoQ to ₹1,539 Cr. GNPA reduced to 3.78% and CRAR stood at 35.9%.
The positive financial results, including a return to profitability and growth in key metrics like AUM and disbursements, are likely to have a medium-term impact on investor sentiment and the company's market position.
The company has turned PAT positive, shown significant QoQ growth in AUM and disbursements, and improved asset quality metrics, indicating a positive financial performance.
Spandana Sphoorty Financial Limited (SSFL) has announced its audited financial results for the quarter and financial year ended March 31, 2026. The company reported a Profit After Tax (PAT) of ₹5 Cr for Q4FY26, turning positive after six quarters. This improvement is attributed to an improving portfolio quality and recoveries.
The Assets Under Management (AUM) grew by 12% quarter-on-quarter (QoQ) to ₹4,420 Cr as of March 31, 2026. Disbursement for Q4FY26 increased by 30% QoQ to ₹1,539 Cr, up from ₹1,188 Cr in Q3FY26. The collection efficiency for March 2026 stood at 99.7%. The portfolio sourced under new lending norms now constitutes 80% of the microfinance portfolio.
Consolidated Gross Non-Performing Asset (GNPA) reduced to 3.78% in March 2026 from 4.24% in December 2025. The Provision Coverage Ratio (PCR) was maintained at approximately 80%. The company reported a healthy balance sheet with a Capital to Risk-weighted Assets Ratio (CRAR) of 35.9% and liquidity of ₹1,438 Cr at the end of March 2026.
For Q4FY26, Total Income grew by 13% QoQ to ₹277 Cr, while Pre-Provision Operating Profit (PPOP) was ₹39 Cr, a significant increase from ₹8 Cr in Q3FY26. The company's Net Interest Income (NII) was ₹97 Cr, with a yield of 22.8%. The cost of borrowings increased slightly to 13.2%.
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