Spandana Sphoorty Financial announced that CARE Ratings has downgraded rating has downgraded rating to CARE A- (Stable), for existing instruments of the Company. Long term rating (Rs 800 crore) - CARE A- (Stable); downgraded from CARE A NegativeNon convertible debentures (Rs 500 crore) - CARE A- (Stable); downgraded from CARE A NegativeNon convertible debentures (Rs 200 crore) - CARE A- (Stable); downgraded from CARE A NegativeCommercial paper (Rs 100 crore) - CARE A2+; downgraded from CARE A1 Powered by Capital Market - Live News

Spandana Sphoorty Financial announced that ICRA Ratings has downgraded rating to A- (Negative), for existing instruments of the Company as detailed below: Long term fund based - Term loan (Rs 2105 crore) - ICRA A- (Negative); downgraded from ICRA A (Negative)Non convertible debentures (Rs 423 crore) - ICRA A- (Negative); downgraded from ICRA A (Negative)Powered by Capital Market - Live News

Spandana Sphoorty Financial has received downgrade in credit ratings for non convertible debentures and bank loans to IND A-/ Negative from IND A/ Negative. Powered by Capital Market - Live News

Spandana Sphoorty Financial will hold a meeting of the Board of Directors of the Company on 30 May 2025.Powered by Capital Market - Live News

Net loss of Spandana Sphoorty Financial reported to Rs 440.19 crore in the quarter ended December 2024 as against net profit of Rs 127.40 crore during the previous quarter ended December 2023. Sales declined 11.38% to Rs 554.76 crore in the quarter ended December 2024 as against Rs 626.03 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales554.76626.03 -11 OPM %-66.8463.16 - PBDT-581.99175.99 PL PBT-587.63170.35 PL NP-440.19127.40 PL Powered by Capital Market - Live News