Spandana Sphoorty posts Rs120 crore profit in 2022

12 Jul 2022 , 11:29 AM

Spandana Sphoorty Limited announced its audited financial results for the quarter and financial year ended March 31, 2022.

The company has reported Assets Under Management (AUM) of Rs6,581 crore in the quarter and fiscal year ending March 31, 2022. Further, the company’s gross disbursements during the quarter stood at Rs1,385 crore, and Rs3,373 crore in FY22.

Gross Total income of the company for FY22 was reported at Rs1,480 crore, and Rs299 crore for Q4FY22.

Company reported a PAT of Rs120.40 crore for FY22. While PAT for Q4FY22 was reported at Rs74.70 crore.

During Q4 FY22, the Company raised Rs290 crore via equity through preferential allotment of equity shares and fully convertible warrants to the promoter and non-promoter entity, and Rs308 crore through debt.

The company’s liquidity remains adequate, with Rs728 crore in cash and cash equivalents as of March 31, 2022.

Company’s Net NPA stood at 6%, in line with COVID-impacted industry benchmarks. Whilst Provision Coverage Ratio was 10.6% on the On-book portfolio (Rs648 crore).

At around 11.34 AM, Spandana Sphoorty was trading at Rs417.55 down by Rs13.4 or 3.11% from its previous closing of Rs430.95 on the BSE. The scrip opened at Rs405 and hit intraday high and low of Rs424.20 and Rs396.15 respectively.