Spandana Sphoorty Financial Ltd - 542759 - Board Meeting Intimation for Management Committee Of The Board Of Directors Of The Company Is Scheduled To Be Held On Thursday, June 20, 2024
Spandana Sphoorty Financial Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 20/06/2024 ,inter alia, to consider and approve the issue and offer of Non-Convertible Debentures on private placement basis. Spandana Sphoorty Financial Ltd - 542759 - Compliances-Reg.24(A)-Annual Secretarial Compliance
Annual secretarial Compliance Report for the financial year ended Marc 31, 2024 Spandana Sphoorty Financial Ltd - 542759 - Announcement under Regulation 30 (LODR)-Change in Directorate
intimation under Regulation 30 of the SEBI (LODR) Regulations, 2015 Spandana Sphoorty Financial Ltd - 542759 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
Intimation of allotment of equity shares of the Company pursuant of Employee Stock Options Spandana Sphoorty Financial Ltd - 542759 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Transcript of conference call held on Monday, April 29, 2024 Spandana Sphoorty Financial Ltd - 542759 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper publication of audited consolidated financial results of the Company for quarter and year ended March 31, 2024 Spandana Sphoorty Financial Ltd - 542759 - Announcement under Regulation 30 (LODR)-Allotment
Allotment of Non-Convertible Debentures on private placement basis. Q4FY24 Quarterly & FY24 Annual Result Announced for Spandana Sphoorty Financial Ltd.
Finance company Spandana Sphoorty Financial announced Q4FY24 & FY24 results: Financial Highlights: - Assets Under Management (AUM): AUM stood at Rs 11,973 crore for FY24, registering a 41% increase over the FY23 figure of Rs 8,511 crore. - New Customer Acquisition: The company acquired 13.9 Lakh new customers, which is a 59% increase from the previous year's acquisition of 8.8 Lakh customers. - Disbursements: Disbursements for FY24 were Rs 10,688 crore, representing a 32% increase from FY23 Rs 8,125 crore. - Gross Non-Performing Assets (GNPA) & Net Non-Performing Assets (NNPA): GNPA was down to 1.50%, and NNPA stood at 0.3%. - Income: Total income for the company was Rs 2,534 crore, a substantial 72% increase over the Rs 1,477 crore reported in FY23. - Net Interest Income (NII): NII reached Rs 1,289 crore, up by 59% from the previous year's Rs 810 crore. - Profit After Tax (PAT): The company reported its highest ever PAT at Rs 501 crore for FY24, a remarkable increase from the Rs 12 crore reported in FY23. - Provision Coverage Ratio (PCR): PCR increased to 79.95%, from 70.45% the previous quarter. - Collection Efficiency: Gross Collection Efficiency was reported at 99.3% for Q4FY24, and Net collection efficiency stood at 96.5%. - The company mobilized Rs 10,441 crore during the year, an 81% increase from the previous year's Rs 5,775 crore. - In Q4 FY24 alone, funds mobilized were Rs 3,428 crore. Operational Highlights: - Cost of Borrowings: The cost of borrowings for FY24 saw an increase to 12.2%, up from 11.7% in FY23. - Pre-Provision Operating Profit (PPOP): PPOP for FY24 was Rs 953 crore, a 70% increase over FY23 Rs 562 crore. Shalabh Saxena, CEO and Managing Director, commented on the results "FY24 was second of the three-year Vision 2025 laid out by the management team of Spandana in 2022. Our Customer Acquisition led growth strategy has resulted in a 41% AUM growth with the company delivering highest ever PAT of Rs 501 crore, GNPA & NNPA improved to 1.50% and 0.30% respectively in FY24. The growth was driven by customer acquisition of 13.9 Lakh in FY24 taking the active customer base of the company to over 3.3 million. The team has demonstrated strong capabilities in managing multiple priorities of the organization like branch expansion, improvement in portfolio quality, strengthening processes, governance, and start of new business lines. While we will continue to sustain the momentum in FY25, we are particularly focused on improving efficiencies and productivity of the distribution. With the progress made thus far and the support of all the stakeholders we are confident of reaching the milestones set for ourselves." Result PDF
Spandana Sphoorty Jumps To Nearly Two-Month High On Strong Q4 Operating Performance
The stock rose as much as 6.42% during the day on the NSE. Spandana Sphoorty Financial Ltd - 542759 - Link Of Audio Recording Of The Conference Call For Q4 FY24 Held On April 29, 2024
Link of audio recording of the conference call for Q4FY24 held on April 29, 2024