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Spandana Sphoorty Financial Ltd Q2FY24; 132% rise in Profits

Spandana Sphoorty Financial is primarily engaged in the business of micro finance providing small value unsecured loans to low-income customers in semi-urban and rural areas.

Financial Results:

Spandana Sphoorty Financial Ltd reported Revenues for Q2FY24 of ₹584.00 Crores up from ₹281.00 Crore year on year, a rise of 107.83%.

Total Expenses for Q2FY24 of ₹459.00 Crores up from ₹217.00 Crores year on year, a rise of 111.52%.

Consolidated Net Profit of ₹116.00 Crores up 132.0% from ₹50.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹16.36, up 134.38% from ₹6.98 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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