Spandana Sphoorty Financial Limited — Quarter ended March 31, 2026 and year ended March 31, 2026
Spandana Sphoorty Financial Limited
CIN – L65929TG2003PLC040648
Galaxy, Wing B, 16th Floor, Plot No.1, Sy No 83/1, Hyderabad Knowledge City,
TSIIC, Raidurg Panmaktha, Hyderabad – 500081, Telangana
Ph: +9140-48126666 | contact@spandanasphoorty.com | www.spandanasphoorty.com
Statement of audited standalone financial results for the quarter and year ended March 31, 2026
(₹ in crores unless otherwise stated)
| Sr. No. | Particulars | Quarter ended March 31, 2026 (Refer note 3) | Quarter ended December 31, 2025 (Unaudited) | Quarter ended March 31, 2025 (Refer note 3) | Year ended March 31, 2026 (Audited) | Year ended March 31, 2025 (Audited) |
|---|---|---|---|---|---|---|
| I | Revenue from operations | |||||
| (a) | Interest Income | 210.75 | 198.26 | 350.58 | 850.09 | 2,021.43 |
| (b) | Net gain on fair value changes | 4.27 | 4.20 | 20.57 | 28.56 | 75.96 |
| (c) | Net gain on derecognition of financial instruments measured at fair value through other comprehensive | 23.42 | 4.53 | 3.32 | 27.94 | 83.33 |
| I | Total revenue from operations | 238.44 | 206.99 | 374.47 | 906.59 | 2,180.72 |
| II | Other income | 15.19 | 9.48 | 2.75 | 35.61 | 64.47 |
| III | Total income (I+II) | 253.63 | 216.47 | 377.22 | 942.20 | 2,245.19 |
| Expenses | ||||||
| (a) | Finance costs | 121.88 | 103.76 | 171.50 | 476.39 | 875.56 |
| (b) | Impairment on financial instruments | (14.45) | 43.76 | 571.97 | 630.34 | 1,863.40 |
| (c) | Employee benefits expenses | 96.21 | 125.11 | 138.35 | 458.97 | 555.44 |
| (d) | Depreciation and amortization | 3.15 | 3.04 | 5.73 | 12.61 | 18.92 |
| (e) | Other expenses | 38.51 | 49.68 | 34.47 | 189.24 | 205.72 |
| IV | Total expenses | 245.30 | 325.35 | 922.02 | 1,767.55 | 3,519.04 |
| V | Profit / (loss) before tax (III – IV) | 8.33 | (108.88) | (544.80) | (825.35) | (1,273.85) |
| Tax expense | ||||||
| Current tax | Current tax | – | – | – | – | – |
| Deferred tax | Deferred tax | 2.84 | (26.34) | (134.61) | (201.30) | (317.11) |
| VI | Total tax expense | 2.84 | (26.34) | (134.61) | (201.30) | (317.11) |
| VII | Profit / (loss) after tax for the period / year (V – VI) | 5.49 | (82.54) | (410.19) | (624.05) | (956.74) |
| VIII | Other comprehensive income | |||||
| (a) | Items that will not be reclassified to profit or loss: | |||||
| – | Re-measurement gains/(losses) on defined benefit plans | 0.60 | 0.35 | 1.65 | 0.24 | 0.50 |
| – | Income tax relating to items that will not be reclassified to profit or loss | (0.15) | (0.09) | (0.42) | (0.06) | (0.13) |
| Sub-total (a) | Sub-total (a) | 0.45 | 0.26 | 1.23 | 0.18 | 0.37 |
| (b) | Items that will be reclassified to profit or loss: | |||||
| – | Effective portion of cashflow hedges | 0.63 | 0.61 | (4.09) | 4.47 | (4.09) |
| – | Fair value change on loans measured through FVOCI | (9.53) | (126.09) | (537.38) | (773.90) | (1,783.13) |
| – | Fair value change on loans measured through FVOCI reclassified to profit or loss | 7.22 | 108.28 | 516.66 | 763.79 | 1,792.00 |
| – | Income tax relating to items that will be reclassified to profit or loss | 0.42 | 4.33 | 6.25 | 1.42 | (1.20) |
| Sub-total (b) | Sub-total (b) | (1.26) | (12.87) | (18.56) | (4.22) | 3.58 |
| Other comprehensive income (VIII = a+b) | Other comprehensive income (VIII = a+b) | (0.81) | (12.61) | (17.33) | (4.04) | 3.95 |
| IX | Total comprehensive income for the period / year (VII + VIII) | 4.68 | (95.15) | (427.52) | (628.09) | (952.79) |
| X | Paid up equity share capital (Face value of ₹10/- each) | 79.97 | 79.97 | 71.31 | 79.97 | 71.31 |
| XI | Other Equity | – | – | – | 2,113.78 | 2,551.46 |
| XII | Earnings per equity share (not annualised for interim periods) | |||||
| – | Nominal value per equity share (₹) | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| – | Basic (₹) | 0.69 | (10.32) | (57.53) | (81.24) | (134.18) |
| – | Diluted (₹) | 0.69 | (10.32) | (57.53) | (81.24) | (134.18) |
Statement of audited standalone financial results for the quarter and year ended March 31, 2026
Standalone statement of assets and liabilities
(₹ in crores unless otherwise stated)
| Particulars | As at March 31, 2026 (Audited) | As at March 31, 2025 (Audited) |
|---|---|---|
| ASSETS | ||
| Financial assets | ||
| Cash and cash equivalents | 720.33 | 1,206.97 |
| Bank balance other than cash and cash equivalents | 493.45 | 583.83 |
| Derivative financial instruments | 7.49 | 2.47 |
| Loans | 3,629.24 | 5,037.22 |
| Investments | 428.51 | 424.75 |
| Other financial assets | 87.52 | 135.33 |
| Total financial assets | 5,366.54 | 7,390.57 |
| Non-financial assets | ||
| Current tax assets (net) | 117.30 | 110.03 |
| Deferred tax assets (net) | 640.63 | 437.97 |
| Property, plant and equipment | 13.22 | 23.34 |
| Other intangible assets | 2.80 | 2.59 |
| Other non-financial assets | 36.42 | 43.48 |
| Total non-financial assets | 810.37 | 617.41 |
| Total Assets | 6,176.91 | 8,007.98 |
| LIABILITIES AND EQUITY | ||
| LIABILITIES | ||
| Financial liabilities | ||
| Payables | ||
| Trade Payables | ||
| Total outstanding dues of micro enterprises and small enterprises | 0.95 | – |
| Total outstanding dues of creditors other than micro enterprises and small enterprises | 8.47 | 7.31 |
| Other Payables | ||
| Total outstanding dues of micro enterprises and small enterprises | – | – |
| Total outstanding dues of creditors other than micro enterprises and small enterprises | – | – |
| Debt securities | 2,084.04 | 1,934.93 |
| Borrowings (other than Debt Securities) | 1,740.21 | 3,261.71 |
| Other financial liabilities | 96.14 | 127.32 |
| Total financial liabilities | 3,929.81 | 5,331.27 |
| Non-financial liabilities | ||
| Current tax liabilities (net) | 11.06 | 5.35 |
| Provisions | 22.89 | 24.62 |
| Other non-financial liabilities | 19.40 | 23.97 |
| Total non-financial liabilities | 53.35 | 53.94 |
| EQUITY | ||
| Equity share capital | 79.97 | 71.31 |
| Other equity | 2,113.78 | 2,551.46 |
| Total equity | 2,193.75 | 2,622.77 |
| Total liabilities and equity | 6,176.91 | 8,007.98 |
Statement of audited standalone financial results for the quarter and year ended March 31, 2026
Disclosure of standalone statement of cash flows
(₹ in crores unless otherwise stated)
| Particulars | For year ended March 31, 2026 (Audited) | For year ended March 31, 2025 (Audited) |
|---|---|---|
| Cash flow from operating activities | ||
| Loss before tax | (825.35) | (1,273.85) |
| Adjustments for: | ||
| Interest income | (850.09) | (2,021.43) |
| Net gain on fair value changes | (28.56) | (75.96) |
| Net gain on derecognition of financial instruments measured at fair value through other comprehensive income | (27.94) | (83.33) |
| Gain on redemption of other investment | (0.34) | – |
| Finance costs | 475.54 | 874.47 |
| Interest on lease liabilities | 0.85 | 1.09 |
| Share based payment to employees | 3.82 | 19.12 |
| Provision reversal on indirect tax matter | (2.76) | (12.32) |
| Depreciation and amortization | 12.61 | 18.92 |
| Loss / (Gain) on sale of property, plant and equipment | (0.50) | 0.01 |
| Impairment on financial instruments | (387.93) | 332.59 |
| Operating loss before working capital changes | (1,630.65) | (2,220.69) |
| Operational cash flows from interest | ||
| Interest received on loans | 840.54 | 1,996.47 |
| Finance costs paid | (483.95) | (938.81) |
| 356.59 | 1,057.66 | |
| Working capital change | ||
| Changes in trade payable | 2.11 | (0.33) |
| Changes in other financial liabilities | (28.30) | (107.53) |
| Changes in other non-financial liabilities | (1.80) | (11.39) |
| Change in provision | (1.97) | 8.52 |
| Change in Derivative financial instruments | – | (2.47) |
| Changes in loans | 1,729.07 | 5,058.14 |
| Changes in other financial assets | 75.73 | 52.56 |
| Changes in other non-financial assets | 7.06 | 11.14 |
| Cash generated from operating activities | 1,781.90 | 5,008.63 |
| Income taxes refund / (paid) | (1.56) | (62.63) |
| Net cash generated from operating activities (A) | 506.28 | 3,782.97 |
| Cash flow from investing activities | ||
| Net placement of bank balances other than cash and cash equivalents | 89.45 | (120.61) |
| Interest on deposits with banks and financial institutions | 48.07 | 34.00 |
| Interest on inter corporate advances | 26.60 | 12.79 |
| Interest from Government Securities | 0.34 | – |
| Purchase of property, plant and equipment | (3.14) | (13.01) |
| Proceeds from sale of property, plant and equipment | 1.46 | 0.37 |
| Investment in subsidiary | – | (100.00) |
| Redemption of other investment | 0.44 | – |
| Investment in security receipts | (2.94) | (1.42) |
| Proceeds from redemption of security receipts | 8.67 | 5.34 |
| Investment in Government Securities | (68.53) | (30.82) |
| Purchase of mutual funds | (5,879.70) | (9,663.06) |
| Redemption of mutual funds | 5,957.25 | 9,676.21 |
| Net cash generated from / (used in) investing activities (B) | 177.97 | (200.21) |
| Cash flow from financing activities | ||
| Proceeds from issue of equity shares (including securities premium) | 195.25 | 0.44 |
| Long-term borrowings availed | 2,710.40 | 3,330.44 |
| Long-term borrowings repaid | (4,072.32) | (7,088.40) |
| Interest payment of lease liabilities | (0.85) | (1.09) |
| Principal payment of lease liabilities | (3.37) | (2.73) |
| Net cash used in financing activities (C) | (1,170.89) | (3,761.34) |
| Net change in cash and cash equivalents (A + B + C) | (486.64) | (178.58) |
| Cash and cash equivalents at the beginning of the year | 1,206.97 | 1,385.55 |
| Cash and cash equivalents at the end of the year | 720.33 | 1,206.97 |
Components of cash and cash equivalents as at the end of year
| Particulars | March 31, 2026 | March 31, 2025 |
|---|---|---|
| Cash on hand | 2.30 | 6.49 |
| Balance with banks – in current accounts | 551.74 | 1,175.43 |
| Bank deposits with original maturity of three months or less | 166.29 | 25.05 |
| Total cash and cash equivalents | 720.33 | 1,206.97 |
Details of loan assets transferred through direct assignment, in respect of loans not in default:
| Particulars | For the quarter ended March 31, 2026 | For the year ended March 31, 2026 |
|---|---|---|
| Number of Loans | 70,731 | 96,248 |
| Aggregate amount (₹ in crores) | 298.28 | 368.80 |
| Sale consideration (₹ in crores) | 268.46 | 331.92 |
| Number of transactions | 3 | 4 |
| Weighted average remaining maturity (in months) | 16.17 | 15.13 |
| Weighted average holding period after origination (in months) | 6.44 | 7.59 |
| Retention of beneficial economic interest (₹ in crores) | 29.83 | 36.88 |
| Coverage of tangible security coverage | NA | NA |
| Rating wise distribution of rated loans | NA | NA |
| Number of instances (transactions) where transferred as agreed to replace the transferred loans | Nil | Nil |
| Number of transferred loans replaced | Nil | Nil |
Details of stressed loan assets transferred to Asset Reconstruction Company and investment made in Security Receipts (SRs):
| Particulars | For the quarter ended March 31, 2026 | For the year ended March 31, 2026 |
|---|---|---|
| Number of Loans | – | 1,98,978 |
| Aggregate principal outstanding of loans transferred (₹ in crores) | – | 493.55 |
| Weighted average residual tenor of the loans transferred (in months) | – | 4.40 |
| Net book value of loans transferred (at the time of transfer) (₹ in crores) | – | 6.45 |
| Aggregate consideration |