Spandana Sphoorty Financial Ltd - 542759 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Transcript of conference call held on Tuesday, May 02, 202309-05-2023
09-05-2023
Spandana Sphoorty Financial Ltd - 542759 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper publication of audited consolidated financial results of the Company for the quarter and year ended March 31, 2023.03-05-2023
Spandana Sphoorty Financial Ltd - 542759 - Announcement Under Regulation 30 (LODR)-Allotment Of ESOP / ESPS
Company has informed the Exchange regarding Grant of 60000 Options.03-05-2023
Spandana Sphoorty Financial Results Earnings Call for Q4FY23
Conference Call with Spandana Sphoorty Financial Management and Analysts on Q4FY23 Performance and Outlook. Listen to the full earnings transcript.03-05-2023
Spandana Sphoorty rallies over 4% after net profit jumps 268%
On a 3-year basis, i.e., ever since its listing on August 19, 2019 the Spandana Sphoorty stock has lost 19.73 percent of its value. Whereas the benchmark Nifty50 index has given a return of 83.45 percent.03-05-2023
Spandana Sphoorty Financial Ltd - 542759 - Link Of Audio Recording Of The Conference Call For Q4 FY23 Held On May 02, 2023
Company has informed the Exchange about Link of Recording of the Investor Call held on May 02, 202302-05-2023
Spandana Sphoorty Financial Ltd - 542759 - Related Party Transactions For The Half-Year Ended March 31, 2023
Company has informed the Exchange about related Party Transactions for the half-year ended March 31, 2023.02-05-2023
Spandana Sphoorty Financial Ltd - 542759 - Results-Financial Results For Year Ended March 31, 2023
Results-Financial Results for year ended March 31, 202302-05-2023
Q4FY23 Quarterly & FY23 Annual Result Announced for Spandana Sphoorty Financial Ltd.
Non-banking Financial company Spandana Sphoorty Financial announced Q4FY23 & FY23 results: Q4FY23: AUM – Rs 8,511 crore a 24% growth over Q3FY23 (Rs 6,852 crore) Disbursement of Rs 3,054 crore (Q3FY23 – Rs 2,361 crore), QoQ growth of 29.4% New customer addition during the quarter was 4.3 Lacs (Q3FY23 – 2.19 Lac), QoQ growth of 95% Borrowings- Rs 2,402 crore funds mobilized in Q4FY23 v/s Rs 2,138 crore in Q3FY23, a growth of 12% Total Income: Rs 533 crore (Rs 375 crore in Q3FY23) – growth of 42% QoQ Net interest income: Rs 384 crore (Rs 254 crore in Q3FY23) – growth of 51% QoQ Normalized Yield: 22.8% (21.2% in Q3FY23) – improvement of 168 bps Normalized Cost of borrowings: 12.4% (11.5% in Q3FY23) – an increase of 88 bps Pre-Provision Operating Profit (PPOP): Rs 261 crore (Rs 141 crore in Q3 FY23) – growth of 85% Profit after tax: Rs 106 crore (Rs 71 crore in Q3FY23) – growth of 48% QoQ FY23: AUM – Rs 8,511 crore a 29% growth over FY22 (Rs 6,581 crore) Disbursement was Rs 8,125 crore in FY23 vs. Rs 3,373 crore disbursed in FY22, growth of 141% About 8.8 lakh new customers were acquired during the year FY23, a growth of 166% over FY22 Borrowings- Rs 5,775 crore was mobilized during the year – up 208% over Rs 1,875 crore in FY22 PAT for FY23 was down 82% to Rs 12 crore owing to a write-off of Rs 702 crore in Q1FY23 Shalabh Saxena- Managing Director and CEO while presenting the results of the company stated: “FY23 was a year of consolidation for Spandana. Efforts of the management team were dedicated to multiple priorities which included building a strong team; refining systems & processes; strengthening governance & control; and expanding operations. FY23 was the first of the three-year plan articulated under Vision 2025 and we are happy to inform that the performance is in line with the plan. With focus on customer acquisition-led growth, we were able to add about 8.8 Lac new borrowers during the year, thus taking the total customer base to 23 lacs end of March’23. Our asset quality saw a sharp improvement with GNPA improving from 18.7% at the end of FY22 to 2.07% at the end of FY23. NNPA during the same period improved from 10.5% to 0.64%. Saxena added, “While there are concerns due to geo-political and macro-economic challenges, we are cautiously optimistic about the prospects of Indian economy in the medium term. For FY2024, we have plans to open 400 new branches across select states and disburse close to Rs 11,500 crores during the financial year. Our focus will be to deliver quality growth that adds value for all stakeholders and every step we take is aimed at achieving that objective.” Result PDF02-05-2023
Spandana Sphoorty Financial Ltd - 542759 - Announcement under Regulation 30 (LODR)-Investor Presentation
Spandana Sphoorty Financial Limited has informed the Exchange about Investor Presentation on the audited financial results of the Company for the quarter and year ended March 31, 2023.02-05-2023