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via economictimes.indiatimes.comBusiness & Companies

Spandana Sphoorty returns to profit at Rs 18 crore in Q2FY27

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

Spandana Sphoorty Financial reported consolidated Q2 profit of Rs 18 crore, reversing a Rs 249 crore year-ago loss. Assets under management grew 31% to Rs 5,364 crore, while improving asset quality reduced gross and net NPAs.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishThe return to profit and AUM growth are a positive signal for the Indian lender.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Consolidated Q2 profit is Rs 18 crore, versus a Rs 249 crore loss a year ago.
  2. 02Assets under management grew 31% to Rs 5,364 crore.
  3. 03Improving asset quality reduced gross and net NPAs.

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