Spandana Sphoorty Financial Ltd's Q3FY25 Quarter Results
- 24 Jan 2025
Result Summary
- Spandana Sphoorty Financial Ltd reported a 19.0% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 12.8%.
- Its expenses for the quarter were up by 3.2% QoQ and 18.7% YoY.
- The net profit increased 103.5% QoQ and decreased 445.6% YoY.
- The earnings per share (EPS) of Spandana Sphoorty Financial Ltd declined at 61.7 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 572.59 | 706.57 | 656.84 | -19.0% | -12.8% |
Total Expenses | 494.15 | 478.77 | 416.39 | 3.2% | 18.7% |
Profit Before Tax | -587.63 | -288.61 | 170.35 | 103.6% | -445.0% |
Tax | -147.39 | -72.28 | 42.94 | 103.9% | -443.2% |
Profit After Tax | -440.24 | -216.33 | 127.40 | 103.5% | -445.6% |
Earnings Per Share | -61.70 | -30.30 | 17.60 | 103.6% | -450.6% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Spandana Sphoorty Financial Ltd is a prominent player in the Indian financial services industry, primarily focused on offering microfinance services. The company provides financial products aimed at empowering underserved communities, thereby facilitating financial inclusion. As a Non-Banking Financial Company - Micro Finance Institution (NBFC-MFI), Spandana Sphoorty extends credit to low-income individuals, particularly women, to support entrepreneurial activities. This approach aligns with the broader industry trend of leveraging microfinance as a tool for socio-economic development. While specific recent developments regarding the company are not provided in the data, the microfinance sector generally experiences fluctuations due to regulatory changes and economic conditions.
Revenue
For the quarter ended Q3FY25, Spandana Sphoorty Financial Ltd reported a total income of ₹572.59 crores. This represents a decline of 19.0% compared to the previous quarter (Q2FY25), where the total income was ₹706.57 crores. On a year-over-year basis, there was a 12.8% decrease in total income from ₹656.84 crores in Q3FY24. These figures reflect the company's revenue performance over the specified periods, indicating changes in income generation. The decline in revenue both on a quarterly and yearly basis highlights the challenges faced during this period.
Profitability
During Q3FY25, the company incurred a loss before tax of ₹587.63 crores. This loss represents a significant increase of 103.6% from the previous quarter's loss of ₹288.61 crores. Compared to Q3FY24, where the company recorded a profit before tax of ₹170.35 crores, there is a notable shift. The tax component for Q3FY25 was negative ₹147.39 crores, compared to negative ₹72.28 crores in Q2FY25 and ₹42.94 crores in Q3FY24. The profit after tax (PAT) for Q3FY25 was negative ₹440.24 crores, showing a quarter-over-quarter deterioration of 103.5% and a year-over-year shift from a profit of ₹127.40 crores. The earnings per share (EPS) stood at negative ₹61.70, compared to negative ₹30.30 in the previous quarter and ₹17.60 in the same quarter last year.
Operating Metrics
The company's total expenses for Q3FY25 amounted to ₹494.15 crores, which reflects an increase of 3.2% from ₹478.77 crores in Q2FY25. On a year-over-year basis, total expenses rose by 18.7% from ₹416.39 crores in Q3FY24. The increase in expenses, despite the decline in total income, resulted in a challenging operating environment for the company during this period. The financial data for this quarter indicates significant changes in the company's financial operations, with both revenue and profit metrics experiencing adverse movements. These figures provide insight into the operational challenges faced by Spandana Sphoorty Financial Ltd over the respective quarters.
