Spandana Sphoorty Financial Ltd - 542759 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Transcript of Conference Call held on Monday, January 22, 202425-01-2024
25-01-2024
Spandana Sphoorty Financial Ltd - 542759 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper publication of consolidated results for the quarter and nine months ended December 31, 202323-01-2024
Buy Spandana Sphoorty; target of Rs 1400: Motilal Oswal
Motilal Oswal is bullish on Spandana Sphoorty recommended buy rating on the stock with a target price of Rs 1400 in its research report dated January 22, 2024.23-01-2024
Spandana Sphoorty Financial Ltd - 542759 - Announcement Under Regulation 30 Of SEBI (LODR) Regulations, 2015- Link Of Audio Recording Of Investor/Analyst Call
Announcement under Regulation 30 of SEBI (LODR) Regulations, 2015-Link of Audio Recording of Investor/Analyst Call22-01-2024
Spandana Sphoorty Financial Results Earnings Call for Q3FY24
Conference Call with Spandana Sphoorty Financial Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.22-01-2024
Spandana Sphoorty Financial Ltd - 542759 - Appointment of Company Secretary and Compliance Officer
Appointment of Company Secretary and Compliance Officer22-01-2024
Spandana Sphoorty Financial Ltd - 542759 - Board Meeting Outcome for Outcome Of The Board Meeting Of The Company Held On Monday, January 22, 2024.
Outcome of the Board Meeting of the Company held on Monday, January 22, 2024.22-01-2024
Q3FY24 Quarterly Result Announced for Spandana Sphoorty Financial Ltd.
Non-banking Financial company Spandana Sphoorty Financial announced Q3FY24 results: Financial Performance: - Assets Under Management (AUM): Spandana's AUM has increased by 52% YoY to Rs 10,404 crore. - Profit After Tax (PAT): PAT has seen a growth of 79%, reaching Rs 127 crore, with income rising by 75%. Operational Performance: - New Customer Acquisition: The company acquired 3.4 Lakh new customers, marking a YoY growth of 56%. - Disbursements: Disbursements amounted to Rs 2,543 crore, an 8% increase from the previous year. - Borrower Base: At the end of the quarter, the borrower count stood at approximately 29.6 Lakh, a 32% increase compared to the same quarter of the previous year. Borrowings and Credit Rating: - Borrowings: The company mobilized Rs 2,279 crore, an increase of 8% from the previous year. - Credit Rating Outlook: ICRA updated Spandana's outlook to Positive, with a rating of A (Positive) from the previous A (Stable). Asset Quality: - Gross Non-Performing Assets (GNPA): GNPA is reported at 1.61%, showing a substantial improvement from 5.31% as on the same quarter of the previous year. - Net Non-Performing Assets (NNPA): NNPA is at 0.48%, down from 2.52% YoY. - Provision Coverage Ratio: The Provision Coverage Ratio stood at 70.45%. Collection Efficiencies: - Net Collection Efficiency: Reported at 97.2%, while Gross Collection Efficiency was at 99.9%. Capital Adequacy: - Capital to Risk (Weighted) Assets Ratio (CRAR): The CRAR at the end of December 2023 was 35%, indicating a strong capital position. Shalabh Saxena, CEO and Managing Director, while announcing the results stated, “Q3FY24 was a quarter where Spandana crossed a milestone by reaching Rs 10,404 crore AUM. Aside from the PAT for 9 months ended December 2023 was an all-time high of Rs 372 crore in the history of Spandana surpassing the full-year profits of previous years. End of the quarter we reached a borrower base of ~3 million while still maintaining good portfolio quality with GNPA at 1.61% & NNPA at 0.48%. We continue to execute on our strategy of customer acquisition-led growth as reflected in the healthy addition of about 3.4 L borrowers during the quarter thus taking the customer acquisition for this year to 9.5 Lac customers. Income was up 75% YOY to Rs 657 crore while PAT at Rs 127 crore for the quarter has seen an increase of 79% YoY. Microfinance business presents a good opportunity for pan India players and as an established player we are cautiously optimistic about our progress in the current year. Both our Distribution & Liability franchisee is shaping well and we are taking the right steps to strengthen the organization for robust growth in the coming quarters.” Result PDF22-01-2024
Spandana Sphoorty Financial Ltd - 542759 - Announcement under Regulation 30 (LODR)-Investor Presentation
Investor Presentation for the quarter and nine months ended December 31, 2023.22-01-2024
Spandana Sphoorty Financial Ltd - 542759 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release for the quarter and nine months ended December 31, 202322-01-2024