Spandana Sphoorty Financial Ltd

Crisil Ratings stated that the ratings continue to factor in the company's healthy capitalisation and its established market position, with regional diversity in portfolio. These strengths are partially offset by modest profitability and susceptibility of asset quality to local socio-political issues in the microfinance sector and average resource profile. The company's portfolio quality has been restoring gradually after undergoing stress in the recent past; this improvement is led by better performance of the loan book that has been originated post tightening of underwriting and implementation of guardrails. Overall, the company reported loss of Rs 699 crore for fiscal 2026 which translates to a return on managed assets (RoMA) of -9.0% as against a loss of Rs 1,035 crore and RoMa of -9.0% for the previous fiscal. The pace and magnitude at which asset quality and overall profitability restore to normalcy, will remain a key monitorable and a rating sensitivity factor. The overall rating continues to reflect the company's established track record in the microfinance sector along with regional diversity in asset base and healthy capitalisation which was supported by rights issue of Rs 400 crore (partly paid to the extent of Rs 200 crore) in Q2 FY26. Tier-I and overall capital adequacy ratios (CAR) were comfortable at 35.9% and gearing was low at 1.9 times on 31 March 2026. Spandana Sphoorty Financial (SSFL) is engaged in lending, providing small-value unsecured loans to low-income customers in semi-urban and rural areas. The tenure of these loans is generally 1-2 years. While SSFL extends microfinance loans, its subsidiaries extend other services such as loans against property, business loans and personal loans. Powered by Capital Market - Live

Net profit of Spandana Sphoorty Financial reported to Rs 5.27 crore in the quarter ended March 2026 as against net loss of Rs 434.30 crore during the previous quarter ended March 2025. Sales declined 37.39% to Rs 259.69 crore in the quarter ended March 2026 as against Rs 414.79 crore during the previous quarter ended March 2025. For the full year,net loss reported to Rs 699.09 crore in the year ended March 2026 as against net loss of Rs 1035.10 crore during the previous year ended March 2025. Sales declined 56.52% to Rs 1023.96 crore in the year ended March 2026 as against Rs 2355.16 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales259.69414.79 -37 1023.962355.16 -57 OPM %46.44-93.81 --43.29-20.92 - PBDT12.06-570.42 LP -909.28-1356.10 33 PBT8.02-577.62 LP -925.48-1378.80 33 NP5.27-434.30 LP -699.09-1035.10 32 Powered by Capital Market - Live

Spandana Sphoorty Financial will hold a meeting of the Board of Directors of the Company on 5 May 2026.

Spandana Sphoorty Financial will hold a meeting of the Board of Directors of the Company on 20 April 2026.

The appointment was made based on the recommendation of the nomination and remuneration committee. Avinash Yadav is a seasoned technology leader with expertise in leading high impact technology projects, AI/ML models, technical operations and IT governance. He brings a unique blend of expertise (NBFC, HFC, FinTech's) and a track record of success in driving IT operations, high-impact technology and digital transformation programs to enable greater customer experience, business growth and operational efficiency. He has been recognised among the Top 50 Tech Leaders in NBFCs by ET Edge and was awarded Best CTO/CIO of the Year 2025 by UBS Forums. Prior to joining Spandana Sphoorty Financial, he was associated with IIFL Samasta Finance. The company also clarified that Yadav is not related to any director on the board. Spandana Sphoorty Financial is primarily engaged in the business of microfinance, providing small-value unsecured loans to low-income customers in semi-urban and rural areas. The company reported a consolidated net loss of Rs 94.97 crore in Q3 FY26 as against net loss of Rs 440.20 crore in Q3 FY25. Total income slipped 56.9% year on year to Rs 245.55 crore in Q3 FY26 over Q3 FY25. Powered by Capital Market - Live

Net Loss of Spandana Sphoorty Financial reported to Rs 94.97 crore in the quarter ended December 2025 as against net loss of Rs 440.20 crore during the previous quarter ended December 2024. Sales declined 57.53% to Rs 234.27 crore in the quarter ended December 2025 as against Rs 551.55 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales234.27551.55 -58 OPM %-10.27-67.21 - PBDT-121.51-582.00 79 PBT-125.45-587.64 79 NP-94.97-440.20 78 Powered by Capital Market - Live

Spandana Sphoorty Financial will hold a meeting of the Board of Directors of the Company on 27 January 2026.Powered by Capital Market - Live

 Spandana Sphoorty Financial has allotted 41,500 Listed, Senior, Secured, Redeemable, Taxable, Non-Convertible Debentures having face value of Rs 1,00,000/- per debenture, aggregating Rs 415 crore on private placement basis.Powered by Capital Market - Live

Spandana Sphoorty Financial will hold a meeting of the Board of Directors of the Company on 17 December 2025.Powered by Capital Market - Live

The board of Spandana Sphoorty Financial at its meeting held on 11 December 2025 has approved the issuance of up to 15000 Listed, Rated, Senior, Secured, Redeemable, Taxable, Non-Convertible Debentures (NCDs) having face value of Rs 1,00,000/- per debenture, including a green shoe option of 7,500 NCDs on private placement basis. The NCDs will be allotted on 17 December 2025. Powered by Capital Market - Live