Spandana Sphoorty Financial reports Rs 440 crore loss in Q3 FY25

Quick Summary:

It had reported a net profit of Rs 127 crore in the same quarter of FY24.

Reflecting stress on its books, the gross non-performing assets (GNPAs) rose to 4.85 per cent from 1.61 per cent, and net NPAs increased to 0.98 per cent in Q3FY25 from 0.48 per cent in Q3FY24.

The company provided a total of Rs 666 crore towards impairment costs, leading to a Rs 440 crore reported loss for the quarter.

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Category: BusinessFinance

Markets: India

Topics: Microfinance institution SSFL NPA BSE Q3 results Spandana Sphoorty Financial

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-23 @ 20:55:41 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 417 words

Reading Time: 3 minutes read

Sentences: 23 lines

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Copyright Owner: © Business Standard

News ID: 25373002

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