The microfinance lender’s assets under management (AUM) rose to ₹4,420 crore at the end of March 2026, up 12% sequentially, marking its first meaningful growth in eight quarters.
The company also disclosed that it undertook technical write-offs aggregating to ₹1,155.27 crore during the nine months ended December 2025, as part of balance sheet clean-up.
On the regulatory front, Spandana flagged the financial impact of the newly notified labour codes, with an increase in gratuity liability of about ₹3.91 crore and leave liability of around ₹3.68 crore, both recognised under employee benefit expenses for FY26, as per the exchange filing.Commenting on the performance, MD & CEO Venkatesh Krishnan said the microfinance sector has “turned a tough corner” after a prolonged challenging phase, with Spandana returning to profitability after six quarters driven by improving portfolio quality and recoveries.
He added that disbursements rose 30% sequentially to ₹1,539 crore in Q4, while collection efficiency remained strong at 99.7%. Asset quality also improved, with GNPA declining to 3.78% in March 2026 from 4.24% in December 2025, positioning the company for sustainable growth.
Shares of Spandana Sphoorty Financial ended higher on Tuesday, May 5, by 12.02% at ₹268.00 on the NSE.
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