Spandana Sphoorty Financial has received reaffirmation in credit rating and revision in outlook from ICRA as under:Long term fund based term loan (Rs 2105 crore) - [ICRA]A+ (Negative); reaffirmed and outlook revised to Negative from Stable Non convertible debentures (Rs 423 crore) - [ICRA]A+ (Negative); reaffirmed and outlook revised to Negative from Stable Powered by Capital Market - Live News

Net loss of Spandana Sphoorty Financial reported to Rs 216.32 crore in the quarter ended September 2024 as against net profit of Rs 125.19 crore during the previous quarter ended September 2023. Sales rose 12.47% to Rs 686.38 crore in the quarter ended September 2024 as against Rs 610.26 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales686.38610.26 12 OPM %-6.5460.61 - PBDT-283.16172.12 PL PBT-288.61167.51 PL NP-216.32125.19 PL Powered by Capital Market - Live News

Spandana Sphoorty Financial has received affirmation in credit ratings from ICRA at ICRA A+; Stable for term loan and non-convertible debentures of the company. Powered by Capital Market - Live News

Spandana Sphoorty Financial will hold a meeting of the Board of Directors of the Company on 28 October 2024.Powered by Capital Market - Live News

Spandana Sphoorty Financial has received credit rating from CARE Ratings for various instruments of the company as under: InstrumentsAmount (Rs crore)   Rating action Long term bank facilities 1,500 CARE A+; Stable (reaffirmed)  Non convertible debentures   200CARE A+; Stable (assigned)  Non convertible debentures   500 CARE A+; Stable (reaffirmed)  Commercial paper   100CARE A1+; Stable (reaffirmed)  Powered by Capital Market - Live News