MARKETS 1h ago
Spandana Sphoorty returns to profit at Rs 18 crore in Q2FY27
Economic Times Stocks
Published 30 Oct 2026, 04:05 pm IST
ANIThe standalone net profit for the quarter under review, which reflects the earnings from microfinance operation, stood at Rs 35 crore against Rs 218 crore loss in the corresponding period last year.
The consolidated pre-provision operating profit stood at Rs 79 crore against a Rs 40 crore loss in the year-ago quarter.
The asset under management for the group grew 31% year-on-year to Rs 5364 crore at the end of September. The gross non-performing assets ratio improved to 2.54% from 5.62% a year prior. Net NPA stood at 0.50% against 1.17% over the same period, with a provision coverage ratio being maintained at around 80% at the end of the reporting cycle.
Originally reported by Economic Times Stocks.Source: economictimes.indiatimes.com
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