Spandana Sphoorty posts 18 crore profit in second quarter
Indian microfinance lender Spandana Sphoorty Financial reported a consolidated net profit of 18 crore in Q2, versus a year-ago loss, according to Moody's.
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what happened
Microfinance company Spandana Sphoorty Financial, according to Moody's, posted a consolidated net profit of 18 crore in the second quarter of the fiscal year. That compares with 12 crore in the first quarter and a loss of 249 crore a year earlier.
The standalone net profit, which reflects earnings from its microfinance business, came in at 35 crore, against a loss of 218 crore in the same period last year. Consolidated pre-provision operating profit reached 79 crore, up from a loss of 40 crore in the year-ago quarter.
why it matters
The swing from losses to profit points to a recovery in the lender's core business, with pre-provision operating profit turning positive. The news concerns a single company, so its impact on broader markets is limited.
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- Spandana Makes 18-cr Profit in Q2 — Moody's, 31 October 2026 at 04:13 UTC
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