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Spandana Sphoorty Financial reports consolidated net loss of Rs 58 crore in Q2

06 Jan 2022 Evaluate

Spandana Sphoorty Financial has reported results for second quarter ended September 30, 2021.

The company has reported a net loss of Rs 58.88 crore for the quarter under review as compared to net profit of Rs 62.96 crore for the same quarter in the previous year. However, total income of the company increased by 7.67% at Rs 372.59 crore for Q2FY22 as compared Rs 346.06 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a net loss of Rs 57.94 crore for the quarter under review as compared net profit of Rs 66.76 crore for the same quarter in the previous year. However, total income of the company increased by 11.88% at Rs 396.19 crore for Q2FY22 as compared Rs 354.11 crore for the corresponding quarter previous year.

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