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Spandana Sphoorty Financial Ltd

Company details

559.80
578.85
288.75
650.00
6M Return 29.48%
1Y Return 66.04%
Mkt Cap.(Cr) 3,973.63
Volume 1,726
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 1,726

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Spandana Sphoorty Financial Ltd.

Q4FY22 Quarterly Result announced for Spandana Sphoorty Financial Ltd.

Spandana Sphoorty Financial announced Q4FY22 Result:

  • Spandana Sphoorty announces FY22 Results, ends fiscal year with successful transition and a positive growth trajectory
  • Debt Equity Ratio: low 1.2X leverage
  • Net profit margin: healthy 8.1%
  • ROA and ROE: 6.9% and 16.6%
  • Provision Coverage: 10.6% on On-book portfolio (648 crores)
  • Net NPA: 6%, in line with COVID-impacted industry benchmarks
  • CRAR – robust 51.09%, providing significant balance sheet cushion and runway for future growth

Mr. Shalabh Saxena- Managing Director and CEO while commenting on the performance and future outlook of the Company said: FY 22 was a watershed year and it is a matter of great pride that we successfully managed the various disruptions during the year. With successful transition of management, a reasonably good Quarter 4 (on key business parameters) and various efforts undertaken to strengthen the fundamentals of business, we feel confident of charting a quality growth path for Spandana in the coming years.

As a team we have articulated a Vision 2025 for the company where we are planning to scale up our business to an AUM of 15,000 crore levels (~2x from the present) in the next 3 years. Our immediate 5 priorities will be

  1. People: Reinforce the middle & Senior management team
  2. Strengthen Governance, Risk & Control with added focus on refining Processes
  3. Focus on Customer Acquisition led business growth while ensuring retention of existing customers
  4. Technology scale up to deliver an end-to-end paperless customer experience
  5. Customer led initiatives with emphasis on Product, Service & meeting their life cycle needs.

With a clear focus on rural India, we are confident of increasing our market share by riding on the significant anticipated growth in these markets. The entire organization is taking incremental steps each day to converge on achieving the articulated objectives defined in the Vision 2025 for the company.

Result PDF

View Other Company Results

FINANCIALS

Sales

Operating Profit

Profit after Tax

Equity

Reserves and Surplus

Debt

Sales

Operating Profit

Profit after Tax

PE

Debt/Equity

P BV

COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 3,012.57 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 10,846.35 -17,022.91
LAST 3M 25,915.29 -5,903.92
LAST 6M 50,214.07 67,090.14
LAST 12M 182,243.81 -105,158.90

INFORMATION

Stock PE (TTM)

0

Promoter Holding

63.01%

Book Value

403.8373

ROCE

7.96%

ROE

1.62%

Description

  • Spandana Sphoorty Financial Limited was incorporated as a public limited company with the name `Spandana Sphoorty Innovative Financial Services Limited (`SSIFSL`) on March 10, 2003 at Hyderabad, Andhra Pradesh, India. A certificate of commencement of business was issued to SSIFSL on November 11, 2003 by the Registrar of Companies, Andhra Pradesh and Telangana at Hyderabad . On October 16, 2004, the Reserve Bank of India (`RBI`) granted a certificate of registration to the Company as a non-deposit accepting nonbanking financial company (`NBFC`). Subsequently, pursuant to a special resolution dated November 26, 2007 passed by the Shareholders, the name of the Company was changed to Spandana Sphoorty Financial Limited. Pursuant to a letter dated December 26, 2007, the RBI granted its no objection to the change of name of the Company to Spandana Sphoorty on January 3, 2008. The Company was granted NBFC - Microfinance Institution (`NBFC-MFI`) status by the RBI with effect from April 13, 2015 The Company is a leading, rural focused NBFC-MFI with a geographically diversified presence in India. It offers income generation loans under the joint liability group model, predominantly to women from low-income households in Rural Areas. As of March 31, 2019, the company is the fourth largest NBFC-MFI and the sixth largest amongst NBFC-MFIs and SFBs in India, in terms of AUM update. The Company has developed an in-depth understanding of the borrowing requirements of the low-income client segment. This business model involves regular client meeting processes through their employees, who maintain contact with clients across the districts that it covers. Through their loan products and client-centric approach, the company endeavours to strengthen the socio-economic well-being of low-income households by providing financing on a sustainable basis in order to improve livelihoods, establish identity and enhance self-esteem. Post exit from CDR in March 2017, the company increased its lender base, diversified its borrowings to new banks and NBFCs and also issued NCDs in the capital markets. As a result, during Fiscal 2018, with increasing flow of capital, the company expanded its operations and were able to effectively utilize its existing branch network and employees (that were earlier underutilized due to lack of capital). Prior to their exit from CDR in 2017, the company had limited access to capital, due to which the company was able to offer loans in lower ticket sizes than the demand from their clients. According to ICRA Research, the company had the lowest portfolio per branch amongst peer comparison of major NBFC-MFIs and SFBs, as of March 31, 2017. Post exit from CDR, the company was able to optimize the ticket sizes and also acquire new clients at existing and new branches. This helped the company to grow the Gross AUM in Fiscal 2018 at one of the highest rates (143.8%) among large NBFC-MFIs in India.

Registered Address

PNo 31&32 Ramky SeleniumTowers, Tower A Gr Fl Nanakramguda, Hyderabad, Telangana, 500032

Tel : 91-40-48126666
Email : secretarial:spandanaindia.com
Website : http://www.spandanaindia.com

Registrar

KFin Techologies Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 542759
NSE Code : SPANDANA
Book Closure Date (Month) :
BSE Group : B
ISIN : INE572J01011

ICICIdirect Spandana Sphoorty Financial Ltd FAQ

You can buy Spandana Sphoorty Financial Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Spandana Sphoorty Financial Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Jan 25, 2023 04:01 PM the closing price of Spandana Sphoorty Financial Ltd was ₹ 559.80.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Jan 25, 2023 04:01 PM, the market cap of Spandana Sphoorty Financial Ltd stood at ₹ 3,973.63.
The latest PE ratio of Spandana Sphoorty Financial Ltd as of Jan 25, 2023 04:01 PM is 0
The latest PB ratio of Spandana Sphoorty Financial Ltd as of Jan 25, 2023 04:01 PM is 0.72
The 52-week high of Spandana Sphoorty Financial Ltd is ₹ 650.00 while the 52-week low is ₹ 288.75

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