Spandana Sphoorty Financial Limited

SPANDANA

INE572J01011

Consumer Lending

End-of-day quote NSE India S.E. Other stock markets 06:00:00 2024-04-24 pm EDT			5-day change	1st Jan Change
889.4 ^INR	-0.95%		+1.07%	-21.21%

Apr. 24	Spandana Sphoorty Financial to Raise Up to INR501.4 Million Via Bond Sale; Shares Climb 3%	MT
Mar. 28	Spandana Sphoorty Financial Raises INR500 Million Via Bond Sale	MT

An unknown buyer agreed to acquire distressed loan portfolio of Spandana Sphoorty for INR 950 million.

December 22, 2022

An unknown buyer agreed to acquire distressed loan portfolio of Spandana Sphoorty for INR 950 million on December 23, 2022. As of December 28, 2022, Board of Directors of Spandana Sphoorty has approved the transaction.

Latest news about Spandana Sphoorty Financial Limited

Spandana Sphoorty Financial to Raise Up to INR501.4 Million Via Bond Sale; Shares Climb 3%	Apr. 24	MT
Spandana Sphoorty Financial Raises INR500 Million Via Bond Sale	Mar. 28	MT
Spandana Sphoorty Financial Limited Announces Issuance of 5,000 Secured, Senior, Redeemable, Transferable, Listed, Rated Non-Convertible Debentures, Maturity as April 02, 2026	Mar. 22	CI
Spandana Sphoorty Financial Raises INR500 Million Via Bond Sale; Shares Climb 3%	Mar. 21	MT
Spandana Sphoorty Gets Board Nod to Raise Up To INR700 Million Via Debenture Issue	Mar. 04	MT
Spandana Sphoorty Finance Raises INR1 Billion from Bond Sale	Feb. 13	MT
Spandana Sphoorty Financial Limited Approves Issuance of Up-To 10,000 Secured, Senior, Redeemable, Transferable, Listed, Rated Non-Convertible Debentures	Feb. 08	CI
Spandana Sphoorty Financial's Consolidated Profit Surges in Fiscal Q3; Revenue Beats Estimates	Jan. 22	MT
Transcript : Spandana Sphoorty Financial Limited, Q3 2024 Earnings Call, Jan 22, 2024	Jan. 22
Spandana Sphoorty Financial Limited Announces Executive Changes	Jan. 22	CI
Spandana Sphoorty Financial Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023	Jan. 22	CI
Spandana Sphoorty Financial to Raise Up to INR1.01 Billion from Bond Sale	Jan. 19	MT
Spandana Sphoorty Financial Limited Approves the Issuance of 10,000 Secured, Senior, Redeemable, Transferable, Listed, Rated Non-Convertible Debentures	Jan. 16	CI
Spandana Sphoorty Financial Raises INR1 Bilion from Bond Sale	Dec. 18	MT
Spandana Sphoorty Financial Limited May Acquire NBFC	Dec. 13	CI
Spandana Sphoorty Financial Seeks Up to INR2 Billion from Bond Sale	Dec. 13	MT
Spandana Sphoorty Financial Sees Surge in Fiscal Q2 Consolidated Net Profit	23-10-31	MT
Transcript : Spandana Sphoorty Financial Limited, Q2 2024 Earnings Call, Oct 30, 2023	23-10-30
Spandana Sphoorty Financial Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023	23-10-30	CI
Spandana Sphoorty Financial Raises INR301 Million from Bond Offering	23-10-12	MT
Spandana Sphoorty Gets Board Approval to Raise Up to INR300 Million Via Debenture Issue	23-09-25	MT
Spandana Sphoorty Financial Raises INR1 Billion Via Allotment of Debentures	23-09-08	MT
Spandana Sphoorty Financial Limited announced that it expects to receive INR 1 billion in funding	23-09-06	CI
Spandana Sphoorty Financial Limited Approves Issuance of Senior, Secured, Rated, Listed, Redeemable, Non-Convertible Debentures on Private Placement Basis	23-08-30	CI
Spandana Sphoorty Financial Raises INR500 Million from Issuance of Bonds	23-08-24	MT

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Company Profile

Spandana Sphoorty Financial Limited is a rural-focused non-banking financial company and a microfinance lender (NBFC-MFI). The Company offers income generating loans under the joint liability group (JLG) model to women from low-income households in rural areas. It offers a range of financial products and services to low-income households and individuals to improve their quality of life. The Company's products include Chetana, Loan Against Property (LAP), and Nano Enterprise Loans. Its product is JLG based micro-loans designed for women entrepreneurs. The Company, through its wholly owned subsidiary, Criss Financial Ltd, provides loan products, such as LAP and loans to Nano enterprises. The Company operates approximately 1227 branches.

Sector

Consumer Lending

Calendar

2024-04-28 - Q4 2024 Earnings Release

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Ratings for Spandana Sphoorty Financial Limited

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

897.8 INR

Average target price

1,293 INR

Spread / Average Target

+43.98%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Microfinancing

	1st Jan change	Capi.
SPANDANA SPHOORTY FINANCIAL LIMITED	-21.21%	768M
SBFC FINANCE LIMITED	+1.68%	1.15B
FUSION MICRO FINANCE LIMITED	-11.10%	604M
MUTHOOT MICROFIN LIMITED	-6.43%	482M
SATIN CREDITCARE NETWORK LIMITED	+6.29%	333M
LETSHEGO HOLDINGS (NAMIBIA) LIMITED	+17.65%	120M
ASA INTERNATIONAL GROUP PLC	+1.63%	77.08M

Microfinancing

Spandana Sphoorty Financial Limited

Equities

SPANDANA

INE572J01011

Consumer Lending

An unknown buyer agreed to acquire distressed loan portfolio of Spandana Sphoorty for INR 950 million.

EPS Revisions