'Spandana Sphoorty Financial conducted a conference call on 29 October 2024 to discuss the financial results for the quarter ended September 2024. Shalabh Saxena, MD&CEO of the company addressed the call:
Highlights:
The company has exhibited 40% yoy 34% qoq decline in disbursements to Rs 1514 crore in Q2FY2025 reflecting a cautious approach in response to challenging market conditions.
Assets under Management (AUM) rose 8% yoy but declined 10% qoq to Rs 10537 crore end September 2024.
The company has recorded strong 22% growth in the customer base, despite challenges. However, the customer addition has moderated in Q2FY2025 due to focus on asset quality.
The GNPA ratio rose to 4.86%, while the NNPA ratio increased 46 bps qoq to 0.99% end September 2024.
The marginal cost of borrowings declined 46 bps yoy but increased 16 bps qoq to 11.4% in Q2FY2025. The borrowings for the quarter were at Rs 1584 crore in Q2FY2025.
Net Intere...
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