{"id":18769,"date":"2020-08-31T18:53:15","date_gmt":"2020-08-31T18:53:15","guid":{"rendered":"https:\/\/bengalnewstimes.com\/?p=18769"},"modified":"2020-08-31T18:53:15","modified_gmt":"2020-08-31T18:53:15","slug":"spandana-sphoorty-financial-q1fy21-consolidated-net-profit-falls-by-37-yoy","status":"publish","type":"post","link":"https:\/\/bengalnewstimes.com\/?p=18769","title":{"rendered":"Spandana Sphoorty Financial Q1FY21; consolidated net profit falls by ~37% yoy"},"content":{"rendered":"<p><\/p>\n<div id=\"story_card\">\n                                                <!--read more button--><\/p>\n<p>                                                <!--read more button--><br \/>\n                                                <!--start Current story content--><\/p>\n<div class=\" current_content serif\">\n<div style=\"display:inline; float: ;\">\n\t<img loading=\"lazy\" decoding=\"async\" align=\"left\" alt=\"\" class=\"imgCont\" height=\"233\" src=\"https:\/\/content.indiainfoline.com\/_media\/iifl\/img\/article\/2017-01\/20\/full\/1484891581-9171.jpg\" style=\"margin: 5px;\" title=\"\" width=\"352\"\/><\/div>\n<p>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.<\/p>\n<p>Net interest income (NII) stood at Rs224.88cr as against Rs188.07cr it reported in Q1FY20. A growth of 19.6% yoy.<\/p>\n<p>Operating profit for Q1FY21 stood at Rs78.41cr. A decline of 45.1% yoy as against operating profit of Rs142.71cr in Q1FY20.<\/p>\n<p>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.<\/p>\n<p>Share price of company closed at Rs612.8 down by 4.18% on BSE.<\/p>\n<table border=\"0\" cellpadding=\"0\" cellspacing=\"0\" style=\"width:432px;border-collapse:collapse;\" width=\"432\">\n<tbody>\n<tr style=\"height:20px;\">\n<td nowrap=\"nowrap\" style=\"width: 216px; border-width: 1pt; border-style: solid; border-color: windowtext; background: rgb(255, 242, 204); padding: 0cm 5.4pt; height: 20px; vertical-align: bottom;\">&#13;<br \/>\n\t\t\t\t<strong>Particulars<\/strong><\/td>\n<p>&#13;<\/p>\n<td nowrap=\"nowrap\" style=\"width: 80px; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: none; background: rgb(255, 242, 204); padding: 0cm 5.4pt; height: 20px; vertical-align: bottom;\">&#13;<br \/>\n\t\t\t\t<strong>Q1FY21<\/strong><\/td>\n<p>&#13;<\/p>\n<td nowrap=\"nowrap\" style=\"width: 68px; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: none; background: rgb(255, 242, 204); padding: 0cm 5.4pt; height: 20px; vertical-align: bottom;\">&#13;<br \/>\n\t\t\t\t<strong>Q1FY20<\/strong><\/td>\n<p>&#13;<\/p>\n<td nowrap=\"nowrap\" style=\"width: 68px; border-top: 1pt solid windowtext; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: none; background: rgb(255, 242, 204); padding: 0cm 5.4pt; height: 20px; vertical-align: bottom;\">&#13;<br \/>\n\t\t\t\t<strong>Change<\/strong><\/td>\n<p>&#13;<br \/>\n\t\t<\/tr>\n<tr style=\"height:20px;\">\n<td nowrap=\"nowrap\" style=\"width: 216px; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-top: none; padding: 0cm 5.4pt; height: 20px; vertical-align: bottom;\">&#13;<br \/>\n\t\t\t\tNet interest income<\/td>\n<p>&#13;<\/p>\n<td nowrap=\"nowrap\" style=\"width:80px;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:20px;vertical-align:bottom;\">&#13;<br \/>\n\t\t\t\t224.88<\/td>\n<p>&#13;<\/p>\n<td nowrap=\"nowrap\" style=\"width:68px;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:20px;vertical-align:bottom;\">&#13;<br \/>\n\t\t\t\t188.07<\/td>\n<p>&#13;<\/p>\n<td nowrap=\"nowrap\" style=\"width:68px;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:20px;vertical-align:bottom;\">&#13;<br \/>\n\t\t\t\t19.6%<\/td>\n<p>&#13;<br \/>\n\t\t<\/tr>\n<tr style=\"height:20px;\">\n<td nowrap=\"nowrap\" style=\"width: 216px; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-top: none; padding: 0cm 5.4pt; height: 20px; vertical-align: bottom;\">&#13;<br \/>\n\t\t\t\tOperating profit<\/td>\n<p>&#13;<\/p>\n<td nowrap=\"nowrap\" style=\"width:80px;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:20px;vertical-align:bottom;\">&#13;<br \/>\n\t\t\t\t78.41<\/td>\n<p>&#13;<\/p>\n<td nowrap=\"nowrap\" style=\"width:68px;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:20px;vertical-align:bottom;\">&#13;<br \/>\n\t\t\t\t142.71<\/td>\n<p>&#13;<\/p>\n<td nowrap=\"nowrap\" style=\"width:68px;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:20px;vertical-align:bottom;\">&#13;<br \/>\n\t\t\t\t-45.1%<\/td>\n<p>&#13;<br \/>\n\t\t<\/tr>\n<tr style=\"height:20px;\">\n<td nowrap=\"nowrap\" style=\"width: 216px; border-right: 1pt solid windowtext; border-bottom: 1pt solid windowtext; border-left: 1pt solid windowtext; border-top: none; padding: 0cm 5.4pt; height: 20px; vertical-align: bottom;\">&#13;<br \/>\n\t\t\t\tNet Profit<\/td>\n<p>&#13;<\/p>\n<td nowrap=\"nowrap\" style=\"width:80px;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:20px;vertical-align:bottom;\">&#13;<br \/>\n\t\t\t\t58.93<\/td>\n<p>&#13;<\/p>\n<td nowrap=\"nowrap\" style=\"width:68px;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:20px;vertical-align:bottom;\">&#13;<br \/>\n\t\t\t\t93.37<\/td>\n<p>&#13;<\/p>\n<td nowrap=\"nowrap\" style=\"width:68px;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:20px;vertical-align:bottom;\">&#13;<br \/>\n\t\t\t\t-36.9%<\/td>\n<p>&#13;<br \/>\n\t\t<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>                                                <!--end Current story content--> <\/p>\n<section class=\"related_story_box \">\n<p class=\"fs15e \">Related Story<\/p>\n<p>&#13;<br \/>\n                                                    <!--<a class=\"btn btn-link btn-xs more-page-link\" title=\"Blogs &amp; 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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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9759,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[36],"tags":[],"class_list":["post-18769","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-business"],"jetpack_featured_media_url":"https:\/\/bengalnewstimes.com\/wp-content\/uploads\/2020\/07\/1484891581-9171.jpg","_links":{"self":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/18769","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18769"}],"version-history":[{"count":0,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/18769\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/media\/9759"}],"wp:attachment":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}