Key Performance Metrics for Q2FY27

Assets Under Management (AUM)

  • AUM: ₹5,364 crore as of September 30, 2026
  • Previous quarter (June 2026): ₹4,887 crore
  • Quarter-over-quarter growth: 10%

Disbursements

  • Q2FY27 disbursements: ₹1,481 crore
  • Q1FY27 disbursements: ₹1,371 crore
  • Quarter-over-quarter growth: 8%

Asset Quality

Consolidated:

  • GNPA: 2.54% (30-Jun-2026: 3.64%)
  • NNPA: 0.50% (30-Jun-2026: 0.68%)

Standalone:

  • GNPA: 2.58% (30-Jun-2026: 2.91%)
  • NNPA: 0.51% (30-Jun-2026: 0.56%)
  • Provision Coverage Ratio (PCR): Maintained at approximately 80%

Collection Efficiency

  • Gross Collection Efficiency: 97.9% in Q2FY27 (96.6% in Q1FY27)
  • Net Collection Efficiency: 97.3% in Q2FY27 (95.9% in Q1FY27)
  • X-bucket collection efficiency across major states remained above 99.6%

Liquidity and Capital Position

  • Liquidity: ₹1,379 crore as of September 2026
  • Borrowings during Q2FY27: ₹1,427 crore (Q1FY27: ₹1,597 crore)
  • Net-worth: ₹2,343 crore
  • CRAR: 33.5% (June 2026: 33.8%)

Financial Performance Q2FY27 vs Q1FY27

  • Total Income: ₹340 crore in Q2FY27, +12% QoQ growth
  • Net Interest Income: ₹169 crore in Q2FY27, +25% QoQ growth
  • Yield: 24.9% (improved by 24 bps QoQ from 24.6% in Q1FY27)
  • Marginal cost of borrowing: 10.6% in Q2FY27 (11.3% in Q1FY27)
  • Pre-Provision Operating Profit (PPOP; post recovery): ₹79 crore for Q2FY27 (₹40 crore in Q1FY27)
  • PAT: ₹18 crore (₹12 crore in Q1FY27)

Half-Year Performance (H1FY27)

  • PAT: ₹30 crore

Management Commentary

Mr. Venkatesh Krishnan, MD & CEO, stated that the company has focused on strengthening four pillars of business over the past two years: Portfolio Quality, Productivity, Capital and People. He noted that Q2FY27 showed visible improvement across key operating and financial metrics, with the company entering the next phase from a position of resilience. The company remains focused on calibrated growth backed by disciplined execution, improving portfolio quality, and a clear path towards sustainable profitability.

Company Background

Spandana Sphoorty Financial Ltd is a rural-focused non-banking financial company and microfinance lender (NBFC-MFI) with geographically diversified presence in India. The company offers income generating loans under the joint liability group (JLG) model, predominantly to women from low-income households in rural areas. Started as an NGO in 1998 in Guntur, it converted to an NBFC in 2004 and became an NBFC-MFI licensed by RBI in 2015.