Q2 2026 Spandana Sphoorty Financial Ltd Earnings Call Transcript
Key Points
- Spandana Sphoorty Financial Ltd (BOM:542759) reported an improvement in X-bucket collection efficiency, reaching 98.7% in September, up from 97.9% in June.
- The company has seen a significant increase in disbursements, with INR 934 crores disbursed in Q2 FY26 compared to INR 280 crores in Q1.
- Over 60% of branches have achieved more than 99% collection efficiency, indicating strong operational performance.
- The company maintains a strong liquidity position, with 21% of assets in cash and bank balances, providing flexibility for future growth.
- Spandana Sphoorty Financial Ltd successfully closed a rights issue, improving its capital position with a CRAR of 47% at the end of September.
- The company reported a net loss of INR 249 crores for the quarter, primarily due to provisions and higher operational expenses.
- Net interest income for the quarter was significantly lower at INR 91 crores compared to INR 341 crores in Q2 of the previous year.
- The company's GNPA stood at 5.62%, indicating challenges in portfolio quality.
- Disbursements in October were lower than in September due to fewer working days and festive season impacts.
- High rejection rates for new customer acquisitions, with 80% rejection for new members and 65% for existing members, pose a challenge for growth.
Ladies and gentlemen, good day, and welcome to Spandana Sphoorty Financial Limited Q2 and H1 FY26 Earnings Conference Call.
This conference call may contain forward-looking statements about the company, which are based on beliefs, opinion and expectation of the company as on date of this call. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict.
(Operator Instructions) I now hand the conference over to Mr. Ashish Damani, Interim CEO, President and CFO. Thank you, and over to you, sir.
Good evening, everyone. Thank you for taking time out and joining us on this call. Let me just first greet you. Wish you a very happy Diwali, Dasara seasons greeting. We wish you a good new year as well.
Let me give you some highlights on the results. We have already put up the presentation, and I believe most of you would have got a chance to go through the deck. And if you have done so, I'm sure
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