Spandana Sphoorty Financial Ltd Reports 27% QoQ Growth in Disbursement to ¥1,188 Crore in Q3FY26

Spandana Sphoorty Financial Ltd, a rural-focused non-banking financial company and a microfinance lender, announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The company reported a 27% QoQ growth in disbursement to ¥1,188 crore. The impact of cautious customer selection criteria is reflected in 58% of the microfinance AUM reporting 99.8% Net Collection Efficiency. The company's AUM at the end of Q3FY26 stood at ¥3,948 crore, with a comfortable liquidity of ¥1,626 crore, CRAR of 40.3% and gearing of 1.8x. However, the company reported a net loss of ¥95 crore for Q3FY26, driven by technical write-offs stemming from slippages, subdued income due to degrowth in loan book during the current FY and one-off impacts related to the implementation of new labour code.