Spandana Disburses Rs 9.34 Bn in Q2FY26, New Portfolio Shows Strong Recovery

05 Nov 2025 CW Team

Spandana Sphoorty Financial Limited has reported strong operational traction for Q2 FY26, led by a sharp rebound in disbursements and improved asset quality performance under its new credit norms.

The company disbursed Rs 9.34 billion during the quarter, marking a 233 per cent increase quarter-on-quarter from Rs 2.80 billion in Q1 FY26. Assets under management (AUM) stood at Rs 40.88 billion, an 18 per cent sequential decline from Rs 49.58 billion in June 2025, as the company continued to rebalance its portfolio.

Standalone gross and net NPAs were reported at 4.97 per cent and 0.97 per cent, respectively, while on a consolidated basis, GNPA and NNPA stood at 5.62 per cent and 1.17 per cent. Provision coverage remained robust at around 80 per cent. The company’s gross collection efficiency improved to 92.9 per cent in Q2 FY26 from 91.1 per cent in the previous quarter, and net collection efficiency rose to 92.4 per cent.

Despite operational improvements, profitability was impacted by elevated impairment costs from legacy portfolios and a higher cost structure. Total income stood at Rs 2.39 billion (down 21 per cent QoQ), net interest income at Rs 910 million (down 20 per cent QoQ), and pre-provision operating profit remained at Rs (400) million. The company reported a net loss of Rs 2.49 billion for the quarter.

Ashish Damani, Interim CEO, President and CFO, Spandana Sphoorty Financial said, “The trends developing in Q2FY26 have been encouraging after a challenging period for the microfinance industry. Our new portfolio, built under stricter credit norms, is performing well with only 0.1 per cent delinquency, reflecting the effectiveness of our risk framework. We also achieved recoveries worth Rs 480 million during the quarter.”

He added that the company maintains a comfortable liquidity buffer of Rs 11.79 billion, a capital adequacy ratio (CRAR) of 47 per cent, and gearing of 1.5x, positioning it well for future growth. “The improving macro environment and rural demand indicators give us confidence to deepen customer engagement and scale sustainably,” he noted.

Spandana Sphoorty Financial Limited has reported strong operational traction for Q2 FY26, led by a sharp rebound in disbursements and improved asset quality performance under its new credit norms.The company disbursed Rs 9.34 billion during the quarter, marking a 233 per cent increase quarter-on-quarter from Rs 2.80 billion in Q1 FY26. Assets under management (AUM) stood at Rs 40.88 billion, an 18 per cent sequential decline from Rs 49.58 billion in June 2025, as the company continued to rebalance its portfolio.Standalone gross and net NPAs were reported at 4.97 per cent and 0.97 per cent, respectively, while on a consolidated basis, GNPA and NNPA stood at 5.62 per cent and 1.17 per cent. Provision coverage remained robust at around 80 per cent. The company’s gross collection efficiency improved to 92.9 per cent in Q2 FY26 from 91.1 per cent in the previous quarter, and net collection efficiency rose to 92.4 per cent.Despite operational improvements, profitability was impacted by elevated impairment costs from legacy portfolios and a higher cost structure. Total income stood at Rs 2.39 billion (down 21 per cent QoQ), net interest income at Rs 910 million (down 20 per cent QoQ), and pre-provision operating profit remained at Rs (400) million. The company reported a net loss of Rs 2.49 billion for the quarter.Ashish Damani, Interim CEO, President and CFO, Spandana Sphoorty Financial said, “The trends developing in Q2FY26 have been encouraging after a challenging period for the microfinance industry. Our new portfolio, built under stricter credit norms, is performing well with only 0.1 per cent delinquency, reflecting the effectiveness of our risk framework. We also achieved recoveries worth Rs 480 million during the quarter.”He added that the company maintains a comfortable liquidity buffer of Rs 11.79 billion, a capital adequacy ratio (CRAR) of 47 per cent, and gearing of 1.5x, positioning it well for future growth. “The improving macro environment and rural demand indicators give us confidence to deepen customer engagement and scale sustainably,” he noted.

Real Estate

13 Nov 2025

Pune Registers Over 12,500 Properties in October 2025

According to the latest assessment by Knight Frank India, Pune’s real estate market recorded 12,693 property registrations in October 2025, generating Rs 5.27 billion in stamp duty revenue for the state exchequer.While registrations dipped 39 per cent year-on-year (YoY) and revenue declined 30 per cent, the fall was attributed to a high base effect from October 2024, which had witnessed exceptional festive-driven activity during Navratri (October 3–11) and Diwali (November 1). This year, most festive buying occurred in September, with Navratri running from September 22 to October 1, and Di..

Equipment

13 Nov 2025

Two WOLFF Cranes Power Construction of Al-Rajhi Mosque

The Sheikh Saleh Al-Rajhi Mosque, a new architectural and spiritual landmark rising along the bustling King Abdullah Road in central Riyadh, is being constructed with the help of two high-performance WOLFF tower cranes. The project, led by contractor Rowad Al Riyadh, involves intricate planning due to its prime location and complex structural requirements.To meet the demanding site conditions, Rowad Al Riyadh has deployed a WOLFF 6015.8 Clear and a WOLFF 7532.12 Cross. The WOLFF 6015.8 Clear features a hook height of 51 meters, a jib radius of 60 meters, and a maximum lifting capacity of 8 ton..

Real Estate

13 Nov 2025

Hyderabad Home Registrations Rise 5% YoY in October 2025

Knight Frank India, a leading international property consultancy, reported that residential property registrations in Hyderabad rose by 5 per cent year-on-year (YoY) in October 2025, with the total value of homes registered increasing by 25 per cent during the same period. The growth was driven by strong festive demand and a sharp rise in premium housing, with homes priced above Rs 10 million surging 73 per cent YoY, underscoring the city’s growing appetite for luxury real estate.Between January and October 2025, Hyderabad recorded 61,699 residential property registrations, a 5 per cent decl..