{"id":177901,"date":"2026-01-27T08:22:15","date_gmt":"2026-01-27T13:22:15","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=177901"},"modified":"2026-01-27T08:22:17","modified_gmt":"2026-01-27T13:22:17","slug":"spandana-sphoorty-q3-fy26-earnings-results","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/spandana-sphoorty-q3-fy26-earnings-results\/","title":{"rendered":"Spandana Sphoorty Q3 FY26 Earnings Results"},"content":{"rendered":"\n<p>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.<\/p>\n\n\n\n<div style=\"height:33px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Q3 FY26 Earnings Results<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue from Operations: \u20b9206.99 crore (standalone), down about 59.4% YoY vs \u20b9509.36 crore; up 3.9% QoQ vs \u20b9199.32 crore.<\/li>\n\n\n\n<li>EBITDA: Pre\u2011provision operating profit not explicitly called out for Q3; earlier quarters run in losses; management notes improving collections and lower credit costs but no positive operating profit yet.<\/li>\n\n\n\n<li>PAT: Consolidated net loss of approximately \u20b994.97 crore vs loss of \u20b9440.20 crore YoY (about \u221278% smaller loss); standalone net loss of \u20b982.54 crore vs \u20b9393.89 crore in Q3 FY24 (about \u221279% better).<\/li>\n\n\n\n<li>Other key metrics: Interest income \u20b9198.26 crore vs \u20b9461.77 crore YoY (\u221257.1%); total income \u20b9216.47 crore vs \u20b9525.84 crore YoY (\u221258.8%). Nine\u2011month loss (standalone) \u20b9629.52 crore vs \u20b9546.54 crore in 9M FY25, with total income shrinking sharply due to portfolio run\u2011off. AUM\/loan book reduced from \u20b95,554.45 crore as of Mar\u201125 to \u20b93,078.65 crore as of Dec\u201125 reflecting conservative disbursement stance.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:33px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Management Commentary &amp; Strategic Decisions<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Management attributes <a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachLive\/9627eef7-4e29-45ca-b375-435f5c07824d.pdf\" target=\"_blank\" rel=\"noopener\">improving loss profile<\/a> to recovery\u2011focused ground operations, better collections on recent\u2011vintage books, and technical write\u2011offs of stressed portfolios; write\u2011offs of \u20b9207.59 crore were executed in Q3 FY26 as part of portfolio cleansing.<\/li>\n\n\n\n<li>Strategic moves: merger of subsidiary Criss Financial Ltd (its LAP arm) received in\u2011principle approval; company raised \u20b91,644 crore in funding during Q3, strengthened liquidity to \u20b91,506 crore and maintained CRAR at 30.43%, ahead of regulatory benchmarks. Capital\u2011raising and covenant\u2011waivers obtained to support balance\u2011sheet repair while remaining cautious on aggressive growth until asset\u2011quality normalisation.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:32px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Q2 FY26 Earnings Results<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue from Operations \/ Total Income: \u20b9239.5 crore (standalone) vs \u20b9304.1 crore in Q1 FY26 (\u221221.2% QoQ) and reduced vs same\u2011period FY25 due to deliberate book shrinkage.<\/li>\n\n\n\n<li>EBITDA \/ PPOP: Pre\u2011provision operating profit was approximately \u2212\u20b940 crore, flat with Q1, reflecting pressure from higher operating costs despite some yield improvement.<\/li>\n\n\n\n<li>PAT: Net loss of about \u20b9249 crore in Q2 FY26 vs \u20b9360 crore in Q1 FY26 (30\u201331% smaller loss YoY); consolidated loss for the period also around \u20b9249 crore vs a smaller loss in same quarter prior year.<\/li>\n\n\n\n<li>Other key metrics: Net interest income \u20b991 crore vs Q1, down about \u221220% QoQ, on a leaner micro\u2011loan book. Yield on portfolio improved to 19.6% (+21 bps QoQ), while asset quality at enterprise level showed Gross NPA at 5.62% and Net NPA at 1.17%. Disbursements jumped to \u20b9934 crore in Q2 FY26 vs \u20b9280 crore in Q1, signaling controlled ramp\u2011up of newer, better\u2011underwritten loans.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:34px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Management Commentary Q2<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Management highlighted operational improvement in collections, with x\u2011bucket collection efficiency improving to 98.7% by end\u2011Q2 and higher disbursements on tightened credit guardrails, which they expect to support better long\u2011term quality.<\/li>\n\n\n\n<li>Commentary stressed ongoing de\u2011risking of the loan book, rationalising exposure to stressed portfolios, and maintaining strong capital adequacy with net worth of roughly \u20b92,200 crore and adequate liquidity buffer; guidance remains focused on stabilising asset quality ahead of prioritising aggressive growth.<\/li>\n<\/ul>\n\n\n\n<p>To view the company\u2019s previous earnings and latest concall transcripts,&nbsp;<a href=\"https:\/\/alphastreet.com\/india\/\">click here<\/a>&nbsp; to visit the Alphastreet India news channel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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. Q3 FY26 Earnings Results Management Commentary &amp; Strategic Decisions Q2 FY26 Earnings Results Management Commentary Q2 To view the company\u2019s previous earnings and latest concall transcripts,&nbsp;click here&nbsp; to visit the [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,1],"tags":[1792],"class_list":["post-177901","post","type-post","status-publish","format-standard","hentry","category-infographics","category-finance-stocks","tag-financial-services"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":177914,"url":"https:\/\/alphastreet.com\/india\/spandana-sphoorty-financial-limited-reports-q3-fy26-results-net-loss-decreases-disbursements-rise\/","url_meta":{"origin":177901,"position":0},"title":"Spandana Sphoorty Financial Limited Reports Q3 FY26 Results; Net Loss Decreases, Disbursements Rise","author":"Staff Correspondent","date":"January 27, 2026","format":false,"excerpt":"Spandana Sphoorty Financial Limited (NSE: SPANDANA) today announced its unaudited financial results for the third quarter and nine months ended December 31, 2025. The company's shares closed at 234.60 on January 27, 2026, on the NSE, marking a 1.43% intraday decrease from the previous close. Over the past 52 weeks,\u2026","rel":"","context":"In &quot;Analysis&quot;","block_context":{"text":"Analysis","link":"https:\/\/alphastreet.com\/india\/category\/stock-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":149710,"url":"https:\/\/alphastreet.com\/india\/spandana-sphoorty-financial-ltd-q1fy24-105-rise-in-revenue\/","url_meta":{"origin":177901,"position":1},"title":"Spandana Sphoorty Financial Ltd Q1FY24; 105% rise in Revenue","author":"Chirag Gupta","date":"July 24, 2023","format":false,"excerpt":"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 Q1FY24 of \u20b9512.00 Crores up from \u20b9250.00 Crore year on year, a rise of 104.8%. Total\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-168.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-168.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-168.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-168.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-168.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-168.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":164680,"url":"https:\/\/alphastreet.com\/india\/spandana-sphoorty-financial-ltd-q1fy24-110-rise-in-revenue\/","url_meta":{"origin":177901,"position":2},"title":"Spandana Sphoorty Financial Ltd Q1FY24; 110% rise in Revenue","author":"Chirag Gupta","date":"October 3, 2024","format":false,"excerpt":"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 Q1FY24 of \u20b9487.00 Crores up from \u20b9232.00 Crore year on year, a rise of 109.91%. Total\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/10\/image-22.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/10\/image-22.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/10\/image-22.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/10\/image-22.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/10\/image-22.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/10\/image-22.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":156691,"url":"https:\/\/alphastreet.com\/india\/spandana-sphoorty-financial-ltd-q2fy24-132-rise-in-profits\/","url_meta":{"origin":177901,"position":3},"title":"Spandana Sphoorty Financial Ltd Q2FY24; 132% rise in Profits","author":"Chirag Gupta","date":"November 27, 2023","format":false,"excerpt":"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 \u20b9584.00 Crores up from \u20b9281.00 Crore year on year, a rise of 107.83%. Total\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-328.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-328.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-328.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-328.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-328.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-328.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":160664,"url":"https:\/\/alphastreet.com\/india\/spandana-sphoorty-financial-ltd-q4fy24-5-rise-in-profits\/","url_meta":{"origin":177901,"position":4},"title":"Spandana Sphoorty Financial Ltd Q4FY24; 5% rise in Profits","author":"Chirag Gupta","date":"April 29, 2024","format":false,"excerpt":"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 Q4FY24 of \u20b9637.00 Crores up from \u20b9475.00 Crore year on year, a rise of 34.11%. Total\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/04\/image-75.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/04\/image-75.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/04\/image-75.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/04\/image-75.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/04\/image-75.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/04\/image-75.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":157907,"url":"https:\/\/alphastreet.com\/india\/spandana-sphoorty-financial-ltd-q3fy24-71-rise-in-profits\/","url_meta":{"origin":177901,"position":5},"title":"Spandana Sphoorty Financial Ltd Q3FY24; 71% rise in Profits","author":"Chirag Gupta","date":"January 22, 2024","format":false,"excerpt":"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 Q3FY24 of \u20b9591.00 Crores up from \u20b9340.00 Crore year on year, a rise of 73.82%. Total\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-83.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-83.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-83.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-83.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-83.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/01\/image-83.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/177901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1863"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=177901"}],"version-history":[{"count":1,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/177901\/revisions"}],"predecessor-version":[{"id":177902,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/177901\/revisions\/177902"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=177901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=177901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=177901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}