Finance company Spandana Sphoorty Financial announced Q1FY25 results: AUM - Rs 11,723 crore; +32% over Q1FY24 (Rs 8,848 crore) Disbursement - Rs 2,283 crore; +37% over Q1FY24 (Rs 1,664 crore) GNPA & NNPA – 2.60% & 0.53% (1.63% & 0.49% in Q1FY24) Income - Rs 737 crore; +40% over Q1FY24 (Rs 527 crore) Net Interest Income - Rs 425 crore; +47% over Q1FY24 (Rs 290 crore) PAT – Rs 56 crore; -53% over Q1FY24 (Rs 119 crore) Shalabh Saxena, CEO and Managing Director, while announcing the results stated, “Q1FY25 was a challenging quarter for the company. The long drawn 7 phase general elections, severe heat wave across the country and higher attrition in select geographies posed a challenge to the quality of the portfolio. Despite these temporary disruptions, our teams were able to add about 2 lac new borrowers during the quarter taking our total customer base to 34.1 Lakh (+42% YoY). Disbursement for the quarter was up by 37% YoY to Rs 2,283 crore. Income was up 40% YoY to Rs 737 crore and NII increased by 47% YoY to Rs 425 crore. The challenges faced during the quarter reflected in elevated delinquencies and higher credit costs resulting in PAT declining to Rs 56 crore from Rs 119 crore reported for Q1FY24. GNPA at the end of the quarter was at 2.60% and NNPA was at 0.53%. We expect the business to be normalized by the second half of the year. With the constant support of all our stakeholders and the efforts of our employees, we are reasonably confident of sustaining our growth momentum while improving the efficiencies of existing operations during the course of the year.” Result PDF