Spandana Sphoorty's Q4 consolidated net profit declines 42% to Rs 28.6 cr

The MFI aims to double assets to Rs 15,000 cr by FY25
11-07-2022
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Spandana Sphoorty Financial Ltd - 542759 - Statement Of Deviation Or Variation In Utilization Of Funds

Pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Statement of Deviation or Variation in utilization of funds raised through preferential issue by the Company, for the quarter and the year ended March 31, 2022, reviewed by the Audit Committee at its meeting held on Monday, July 11, 2022.
11-07-2022
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Spandana Sphoorty Financial Ltd - 542759 - Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations & Disclosure Requirements) Regulations, 2015 (SEBI LODR Regulations) - Grant Of ESOP

We wish to inform that pursuant to Regulation 30 read with Schedule III of the SEBI LODR Regulations, Nomination and Remuneration Committee of the Board of Directors of the Company at its meeting held on July 11, 2022, Monday approved the grant of 2,15,000 stock options (which would get converted into 2,15,000 equity shares of the Company upon exercise) to eligible employees of the Company under Spandana Employee Stock Option Plan, 2021 Series-A and Spandana Employee Stock Option Scheme, 2021 (ESOP 2021 Series-A).
11-07-2022
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Q4FY22 Quarterly Result announced for Spandana Sphoorty Financial Ltd.

Spandana Sphoorty Financial announced Q4FY22 Result: Spandana Sphoorty announces FY22 Results, ends fiscal year with successful transition and a positive growth trajectory Debt Equity Ratio: low 1.2X leverage Net profit margin: healthy 8.1% ROA and ROE: 6.9% and 16.6% Provision Coverage: 10.6% on On-book portfolio (648 crores) Net NPA: 6%, in line with COVID-impacted industry benchmarks CRAR – robust 51.09%, providing significant balance sheet cushion and runway for future growth Mr. Shalabh Saxena- Managing Director and CEO while commenting on the performance and future outlook of the Company said: FY 22 was a watershed year and it is a matter of great pride that we successfully managed the various disruptions during the year. With successful transition of management, a reasonably good Quarter 4 (on key business parameters) and various efforts undertaken to strengthen the fundamentals of business, we feel confident of charting a quality growth path for Spandana in the coming years. As a team we have articulated a Vision 2025 for the company where we are planning to scale up our business to an AUM of 15,000 crore levels (~2x from the present) in the next 3 years. Our immediate 5 priorities will be People: Reinforce the middle & Senior management team Strengthen Governance, Risk & Control with added focus on refining Processes Focus on Customer Acquisition led business growth while ensuring retention of existing customers Technology scale up to deliver an end-to-end paperless customer experience Customer led initiatives with emphasis on Product, Service & meeting their life cycle needs. With a clear focus on rural India, we are confident of increasing our market share by riding on the significant anticipated growth in these markets. The entire organization is taking incremental steps each day to converge on achieving the articulated objectives defined in the Vision 2025 for the company. Result PDF
11-07-2022
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Spandana Sphoorty Financial Ltd - 542759 - Announcement under Regulation 30 (LODR)-Investor Presentation

Investor presentation on the audited financial results of the Company for the quarter and year ended March 31, 2022
11-07-2022
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Spandana Sphoorty Financial Ltd - 542759 - Announcement under Regulation 30 (LODR)-Press Release / Media Release

Press release on the financial and operational performance of the Company for quarter and year ended March 31, 2022
11-07-2022
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Spandana Sphoorty Financial Ltd - 542759 - Results-Financial Results For Quarter And Year Ended March 31, 2022

Company has informed the Exchange about Board Meeting held on 11-Jul-2022 to consider financial statements for the period ended March 2022, Fund raising and Other business matters
11-07-2022
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