SPANDANA

Jan 23 (Reuters) - Spandana Sphoorty Financial Ltd SPAD.NS:

• DEC-QUARTER CONSOL NET LOSS 4.4 BILLION RUPEES

• DEC-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 5.55 BILLION RUPEES

• TO RAISE UP TO 7.50 BILLION RUPEES VIA QIP, OTHER MODES

Source text: [ID:]

Further company coverage: SPAD.NS

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** Spandana Sphoorty Financial SPAD.NS falls 2.31% to 389.40 rupees

** ICRA revises its outlook on rural-focused micro finance lender's lending instruments to "negative" from "stable"

** Says outlook revision considers deterioration in co's asset quality and profitability in H1 FY25

** Adds microfinance industry experiencing "significant" rise in delinquencies due to over-leveraging of borrowers, adverse climate conditions and political movements

** Stock rated "buy" on avg - LSEG

** YTD, SPAD down 65.5%

($1 = 84.6700 Indian rupees)

(Reporting by Ananta Agarwal in Bengaluru)

(([email protected]))

** Spandana Sphoorty Financial SPAD.NS slumps as much as 16.8% to 382.35 rupees, lowest since June 2022

** NBFC's stock posts sharpest intraday drop since March 2020

** SPAD posts Q2 consolidated net loss of 2.16 bln rupees ($25.7 mln) vs yr-ago profit of 1.25 bln rupees

** Total rev rose 12.5%, but expenses more than doubled

** Trading vol of over 940,000 shares is 4.4x the 30-day avg

** Avg rating of seven analysts is equivalent of "strong buy", median PT is 830 rupees - LSEG data

** Stock down 64.5% YTD

($1 = 84.0700 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

Oct 28 (Reuters) - Spandana Sphoorty Financial Ltd SPAD.NS:

• SEPT-QUARTER CONSOL NET LOSS 2.16 BILLION RUPEES

• SEPT-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 6.86 BILLION RUPEES

Source text: ID:nBSE47VQGL

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Oct 3 (Reuters) - Spandana Sphoorty Financial Ltd SPAD.NS:

• APPROVED ISSUANCE OF NON-CONVERTIBLE DEBENTURES UP TO 500 MILLION RUPEES

Source text for Eikon: ID:nNSEbqPzdy

Further company coverage: SPAD.NS

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** Shares of Spandana Sphoorty Financial Ltd SPAD.NS rise as much as 3.8% to 614.95 rupees

** Non-banking financial company says, its board approved sale of stressed loan portfolio, including written-off loans, valued at 3.04 bln rupees ($36.4 mln) as of June 30

** Adds, sale was to an asset reconstruction co via open bidding process for 167.4 mln rupees

** More than 239,000 shares traded as of 11:46 a.m. IST, adding to the over 2.7 mln shares traded so far this month

** Avg rating of 7 brokerages is 'strong buy'; their median PT is 900 rupees - LSEG data

** SPAD last up 1.3%; down ~47% YTD

($1 = 83.6075 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

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Sept 23 (Reuters) - Spandana Sphoorty Financial Ltd SPAD.NS:

• SALE OF LOAN PORTFOLIO INCLUDING WRITTEN OFF LOANS

• TO SELL STRESSED LOAN WITH OUTSTANDING VALUE OF 3.04 BILLION RUPEES

Source text for Eikon: ID:nBSE9Nw5XF

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Sept 6 (Reuters) - Spandana Sphoorty Financial Ltd SPAD.NS:

• SPANDANA SPHOORTY FINANCIAL - APPROVED ISSUANCE OF NON-CONVERTIBLE DEBENTURES WORTH 1 BILLION RUPEES

• SPANDANA SPHOORTY FINANCIAL - ISSUANCE OF NON-CONVERTIBLE DEBENTURES ON PRIVATE PLACEMENT BASIS

Further company coverage: SPAD.NS

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Sept 3 (Reuters) - Spandana Sphoorty Financial Ltd SPAD.NS:

• TO CONSIDER ISSUE OF NON-CONVERTIBLE DEBENTURES

Source text for Eikon: ID:nBSE5hm11X

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Aug 27 (Reuters) - Spandana Sphoorty Financial Ltd SPAD.NS:

• TO RAISE UPTO 500 MILLION RUPEES VIA NCDS

Source text for Eikon: [ID:]

Further company coverage: SPAD.NS

(Reporting by VijayDattaram Malkar)

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July 30 (Reuters) - Spandana Sphoorty Financial Ltd SPAD.NS:

• TO ISSUE NON-CONVERTIBLE DEBENTURES UP TO 1.5 BILLION RUPEES

Source text for Eikon: ID:nNSE3myW79

Further company coverage: SPAD.NS

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June 20 (Reuters) - Spandana Sphoorty Financial Ltd SPAD.NS:

• SPANDANA SPHOORTY FINANCIAL - APPROVED ISSUANCE OF NON-CONVERTIBLE DEBENTURES AGGREGATING UP-TO 750 MILLION RUPEES

Source text for Eikon: ID:nNSE61pXPH

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June 17 (Reuters) - Spandana Sphoorty Financial Ltd SPAD.NS:

• TO CONSIDER ISSUE AND OFFER OF NON-CONVERTIBLE DEBENTURES ON PRIVATE PLACEMENT BASIS

Source text for Eikon: ID:nBSE7XQjST

Further company coverage: SPAD.NS

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** Shares of Spandana Sphoorty Financial SPAD.NS up as much as 6.4% to 935.6 rupees; last up 1.8%

** Rural-focused NBFC reported a 5.2% Y/Y rise in its consolidated PAT for the March-qtr; interest income jumped 50.6%

** Co also approved issuance of non-convertible debentures worth up to 40 bln rupees ($479 mln)

** Stock on track to snap three straight sessions of losses, if trends hold

** More than 535,000 shares change hands by 10:48 a.m. IST, 3.5x the 30-day avg

** Including session's move, stock is down 20.7% YTD

($1 = 83.5000 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

(([email protected]; +91 8805175330 ;))

April 29 (Reuters) - Spandana Sphoorty Financial Ltd SPAD.NS:

• SPANDANA SPHOORTY FINANCIAL MARCH-QUARTER PAT 1.22 BILLION RUPEES VERSUS PROFIT 1.16 BILLION RUPEES

• SPANDANA SPHOORTY FINANCIAL MARCH-QUARTER INTEREST INCOME 5.97 BILLION RUPEES VERSUS 3.97 BILLION RUPEES

• SPANDANA SPHOORTY FINANCIAL LTD- APPROVED ISSUANCE OF NON-CONVERTIBLE DEBENTURES UPTO 40 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: SPAD.NS

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March 15 (Reuters) - Spandana Sphoorty Financial Ltd SPAD.NS:

• APPROVED ISSUANCE OF NON-CONVERTIBLE DEBENTURES WORTH UPTO 500 MILLION RUPEES

• APPROVED ISSUANCE OF NON-CONVERTIBLE DEBENTURES WORTH UP TO 500 MILLION RUPEES ON PRIVATE PLACEMENT BASIS

Source text for Eikon: ID:nBSE9LH0bk

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March 12 (Reuters) - Spandana Sphoorty Financial Ltd SPAD.NS:

• TO CONSIDER ISSUE OF NON-CONVERTIBLE DEBENTURES

Source text for Eikon: ID:nBSE72DJxN

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Feb 28 (Reuters) - Spandana Sphoorty Financial Ltd SPAD.NS:

• SPANDANA SPHOORTY FINANCIAL LTD - TO CONSIDER ISSUE OF NON-CONVERTIBLE DEBENTURES ON PRIVATE PLACEMENT BASIS

Source text for Eikon: ID:nBSE5njnKL

Further company coverage: SPAD.NS

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Feb 8 (Reuters) - Spandana Sphoorty Financial Ltd SPAD.NS:

• SPANDANA SPHOORTY FINANCIAL LTD - APPROVED ISSUANCE OF NON-CONVERTIBLE DEBENTURES WORTH UPTO 1 BILLION RUPEES

• SPANDANA SPHOORTY FINANCIAL LTD - APPROVED ISSUANCE OF NON-CONVERTIBLE DEBENTURES ON PRIVATE PLACEMENT BASIS

Source text for Eikon: ID:nBSE8FW40D

Further company coverage: SPAD.NS

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Feb 5 (Reuters) - Spandana Sphoorty Financial Ltd SPAD.NS:

• SPANDANA SPHOORTY FINANCIAL LTD - TO CONSIDER ISSUE OF NON-CONVERTIBLE DEBENTURES ON PRIVATE PLACEMENT BASIS

Source text for Eikon: ID:nBSE7T483W

Further company coverage: SPAD.NS

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Jan 22 (Reuters) - Spandana Sphoorty Financial Ltd SPAD.NS:

• TO INVEST OF UPTO 3 BILLION RUPEES IN EQUITY SHARE CAPITAL OF UNIT CRISS FINANCIAL

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Jan 16 (Reuters) - Spandana Sphoorty Financial Ltd SPAD.NS:

• APPROVED ISSUANCE OF NON-CONVERTIBLE DEBENTURES FOR AN AGGREGATE AMOUNT OF 1.01 BILLION RUPEES

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Jan 11 (Reuters) - Spandana Sphoorty Financial Ltd SPAD.NS:

• TO CONSIDER ISSUE OF NON-CONVERTIBLE DEBENTURES ON PRIVATE PLACEMENT BASIS

Source text for Eikon: ID:nBSEQx4RC

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Spandana Sphoorty Financial Ltd SPAD.NS:

• SPANDANA SPHOORTY FINANCIAL LTD- REDEEMED COMMERCIAL PAPERS OF 600 MILLION RUPEES

Source text for Eikon: ID:nNSEvVSVX

Further company coverage: SPAD.NS

** Shares of Spandana Sphoorty Financial SPAD.NS rise as much as 5.95% to 1,078 rupees apiece, highest since March 5, 2020

** Trading volume is 630,135 shares as of 12:27 p.m. IST, 2.6 times the 30-day avg - LSEG data

** Rural population-focused NBFC's forecast of 280 billion rupees in assets under management (AUM) by fiscal 2028 is "realistic" and will be driven by new customer acquisitions and lower ticket sizes, says Motilal Oswal

** SPAD has forecast AUM of 120 bln rupees in fiscal 2024

** Reiterates "buy" with a target price of 1,200 rupees per share, after a meeting with management

** Motilal Oswal says SPAD is poised for re-rating if it achieves its AUM guidance

** SPAD shares up 78% in 2023 so far, including today's gains

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

Dec 8 (Reuters) - Spandana Sphoorty Financial Ltd SPAD.NS:

• TO CONSIDER ISSUE OF NON-CONVERTIBLE DEBENTURES ON PRIVATE PLACEMENT BASIS

Source text for Eikon: ID:nBSE3s1C7x

Further company coverage: SPAD.NS

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Oct 30 (Reuters) - Spandana Sphoorty Financial Ltd SPAD.NS:

• SEPT-QUARTER CONSOL NET PROFIT 1.25 BILLION RUPEES VERSUS 551.5 MILLION RUPEES

• SEPT-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 6.1 BILLION RUPEES VERSUS 2.98 BILLION RUPEES

Source text for Eikon: ID:nBSE61nP8v

Further company coverage: SPAD.NS

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Oct 20 (Reuters) - Spandana Sphoorty Financial Ltd SPAD.NS:

• APPROVED ISSUANCE OF NON-CONVERTIBLE DEBENTURES WORTH UPTO 650 MILLION RUPEES

Source text for Eikon: ID:nBSEbyMkd5

Further company coverage: SPAD.NS

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Oct 17 (Reuters) - Spandana Sphoorty Financial Ltd SPAD.NS:

• TO CONSIDER ISSUE OF NON-CONVERTIBLE DEBENTURES ON PRIVATE PLACEMENT BASIS

Source text for Eikon: ID:nBSE5R20mz

Further company coverage: SPAD.NS

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** Brokerage InCred Equities sees healthy credit growth for Indian financial services companies in Q2, on improving penetration and higher retail demand

** Picks HDFC Bank HDBK.NS as preferred stock; sees ICICI Bank ICBK.NS performing better due to strong presence in the retail sector

** HDFC Bank and ICICI Bank up 0.5% and 0.8% respectively at 11:00 a.m. IST

** Among non-banking finance cos, broker picks Mahindra and Mahindra Financial Services MMFS.NS and Spandana Sphoorty SPAD.NS on improving return ratios

** Asset management cos are likely to report positive revenues due to strong growth in quarterly average assets under management - InCred

** However, broker flags margins pressure due to higher yields and rise in operating expenses, even as asset quality trend remains stable

** The broker remains "overweight" on the sector

** Nifty bank index .NSEBANK has risen ~3.5% YTD, while the financial services sector .NIFTYFIN is up ~4.5%

(Reporting by Archishma Iyer in Bengaluru)

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