The Board of Spandana Sphoorty Financial at its meeting held on 29 April 2024 has approved to raise an amount not exceeding Rs 4000 crore in aggregate for issuance of Non-Convertible Debentures, in one or more tranches through private placement. Powered by Capital Market - Live News

Net profit of Spandana Sphoorty Financial rose 21.85% to Rs 128.64 crore in the quarter ended March 2024 as against Rs 105.57 crore during the previous quarter ended March 2023. Sales rose 35.67% to Rs 675.80 crore in the quarter ended March 2024 as against Rs 498.13 crore during the previous quarter ended March 2023.For the full year,net profit rose 3967.10% to Rs 500.66 crore in the year ended March 2024 as against Rs 12.31 crore during the previous year ended March 2023. Sales rose 73.03% to Rs 2423.71 crore in the year ended March 2024 as against Rs 1400.75 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales675.80498.13 36 2423.711400.75 73 OPM %58.4051.47 -62.2029.29 - PBDT179.15142.27 26 690.9828.69 2308 PBT172.17138.56 24 670.5717.82 3663 NP128.64105.57 22 500.6612.31 3967 Powered by Capital Market - Live News

Spandana Sphoorty Financial has approved the issuance of 5,000 Secured, Senior, Redeemable, Transferable, Listed, Rated Non-Convertible Debentures having face value of Rs 1,00,000 each at premium of Rs 284 per debenture aggregating up-to Rs 50.14 crore on private placement basis. The deemed date of allotment is 30 April 2024. Powered by Capital Market - Live News

Spandana Sphoorty Financial has granted 60,000 stock options under Spandana Employee Stock Option Plan on 23 April 2024. Powered by Capital Market - Live News

Spandana Sphoorty Financial will hold a meeting of the Board of Directors of the Company on 24 April 2024.Powered by Capital Market - Live News