Spandana Sphoorty reports strong Q2 FY26 performance

Spandana Sphoorty Financial Limited reported a substantial 233% quarter-on-quarter increase in disbursement, reaching ₹934 crore in Q2 FY26, compared to ₹280 crore in Q1 FY26. The company also demonstrated consistent improvement in X-bucket collection efficiency, with Sep-25 achieving 98.7% and anticipating approximately 98.5% for Oct-25. Furthermore, the new loan portfolio exhibited strong performance with a 99.9% Net Collection Efficiency; only 124 out of 1.8 lakh loans disbursed were delinquent as of September 30, 2025.

The company's balance sheet has been strengthened by a successful ₹400 crore rights issue, contributing to a liquidity of ₹1,179 crore as of September 30, 2025, and an estimated ₹1,270 crore by the end of October 2025. The Capital to Risk-weighted Assets Ratio (CRAR) stood at approximately 47% at the end of September 2025. Assets Under Management (AUM) were ₹4,088 crore at the end of September 2025, with standalone Gross Non-Performing Assets (GNPA) and Net Non-Performing Assets (NNPA) at 4.97% and 0.97%, respectively.

Recovery efforts yielded positive results, with ₹48 crore recovered in Q2 FY26, up from ₹41 crore in Q1 FY26, through multi-channel outreach including legal notices and Lok Adalats. Operational efficiencies were enhanced through the merger or closure of 101 branches in H1 FY26, leading to an expected reduction in overhead costs and an increase in Loan Officer (LO) productivity to 275.