| Metric | Value (₹ Cr) | Q3 FY26 | Q4 FY25 |
|---|---|---|---|
| Revenue | 259.69 | 10.8% | 37.4% |
| Total Income | 277.17 | 12.9% | 33.8% |
| Expenditure | 269.15 | 27.4% | 73.0% |
| PBT | 8.02 | 106.4% | 101.4% |
| Net Profit | 5.27 | 105.5% | 101.2% |
| OPM | 46.44% | 56.71pp | 140.25pp |
| NPM | 1.90% | 40.59pp | |
| EPS | 0.66 | 94.4% | 98.9% |
Spandana Sphoorty Reports ₹5 Cr PAT; AUM Up 12% QoQ
05 May 2026 · 5 May, 4:51 pm
Summary
Spandana Sphoorty Financial Limited reported a positive Profit After Tax (PAT) of ₹5 Cr for Q4FY26, returning to profitability after six quarters. The company demonstrated strong operational growth with Assets Under Management (AUM) expanding 12% quarter-on-quarter to ₹4,420 Cr and disbursements surging 30% quarter-on-quarter to ₹1,539 Cr. Asset quality also saw improvement, with consolidated Gross Non-Performing Assets (GNPA) decreasing to 3.78% in March 2026 from 4.24% in the prior quarter. Management emphasized the microfinance sector's positive turnaround, the company's focus on key enablers like new customer acquisition and technology transformation, and a robust balance sheet with a 35.9% CRAR and ₹1,438 Cr in liquidity, positioning it well for future growth.
Key Highlights
- 1
Spandana Sphoorty Financial Limited reported a positive Profit After Tax (PAT) of ₹5 Cr for Q4FY26, marking a return to profitability after six consecutive quarters of losses.
- 2
Assets Under Management (AUM) grew by 12% quarter-on-quarter to ₹4,420 Cr at the end of March 2026, the first such growth in eight quarters.
- 3
Disbursements for Q4FY26 significantly increased by 30% quarter-on-quarter to ₹1,539 Cr, compared to ₹1,188 Cr disbursed in Q3FY26.
- 4
Consolidated Gross Non-Performing Assets (GNPA) improved to 3.78% in March 2026 from 4.24% in December 2025, reflecting improved portfolio quality.
- 5
Recoveries from 90+ days past due (dpd) loans strengthened to ₹133 Cr in H2FY26, up from ₹90 Cr in H1FY26.
- 6
Total Income for Q4FY26 stood at ₹277 Cr, demonstrating a 13% quarter-on-quarter growth.
- 7
The company maintains a healthy balance sheet with a Capital to Risk-weighted Assets Ratio (CRAR) of 35.9% and sufficient liquidity of ₹1,438 Cr at the end of March 2026.
Management Comments
Mr. Venkatesh Krishnan
The microfinance sector has turned a tough corner after a long spell of challenging times. As the market conditions improve, Spandana’s key indicators continued their upward trend. The company turned PAT positive after 6 quarters owing to improving portfolio quality and recoveries. Q4FY26 disbursement was up 30% QoQ at ₹1,539 Cr. AUM at end of March-26 stood at ₹4,420 Cr reporting +12% QoQ growth – a first in 8 quarters. X-bucket Collection efficiency for March- 2026 was 99.7% reflecting impact of strong customer selection criteria as well as intense field efforts. The portfolio sourced under new lending norms now constitutes 80% of microfinance portfolio & had 99.7% Net Collection efficiency. Our continuous customer engagement through various channels has been yielding results as seen in 1 – 90 book improving to 1.3% at the end of March-26 (2.5% at the end of December 2025) and our recoveries from 90+ dpd improving to ₹133 Cr in H2FY26 vs. ₹90 Cr in H1FY26. Consolidated GNPA reduced to 3.78% in March-26 vs. 4.24% in December-25. In our pursuit of building a resilient and sustainable institution, we have identified key enablers like new customer acquisition, technology transformation, cost optimization and focus on recoveries. As we work on all these enablers, our healthy balance sheet with CRAR of 35.9% and liquidity of ₹1,438 Cr positions us well to drive growth.
Informational and educational content only. Not investment advice.