Result Update
Spandana Sphoorty Financial Ltd
Non Banks
Hold
Current Price 253
Target Price 260
November 01, 2025
Still a loss, but recovering slowly
Spandana continues to report net and operating loss in Q2FY26, but reported a gradual recovery in disbursals, opex and CE. Disbursals grew sharply QoQ from INR2.8bn to INR9.3bn, but remain much lower than Q2FY25. Given