Spandana Sphoorty Financial Q1FY21; consolidated net profit falls by ~37% yoy


Spandana Sphoorty Financial Limited announced its Q1FY21 results on Aug 31, 2020. Consolidated total income grew by 7.2% yoy to Rs326.95cr in Q1FY21 from Rs304.86cr in Q1FY20.

Net interest income (NII) stood at Rs224.88cr as against Rs188.07cr it reported in Q1FY20. A growth of 19.6% yoy.

Operating profit for Q1FY21 stood at Rs78.41cr. A decline of 45.1% yoy as against operating profit of Rs142.71cr in Q1FY20.

Profit after tax (PAT) stood at Rs58.93cr for the quarter ending June 2020. It declined by 36.9% as compared to Rs 93.37cr that it had reported in Q1FY20.

Share price of company closed at Rs612.8 down by 4.18% on BSE.






Particulars

Q1FY21

Q1FY20

Change

Net interest income

224.88

188.07

19.6%

Operating profit

78.41

142.71

-45.1%

Net Profit

58.93

93.37

-36.9%

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