Spandana Sphoorty Financial inches up on turning black in Q2

Spandana Sphoorty Financial is scrip is currently trading at Rs. 608.00, up by 1.10 points or 0.18% from its previous closing of Rs. 606.90 on the BSE.

Spandana Sphoorty Financial
Spandana Sphoorty Financial

The scrip opened at Rs. 612.00 and has touched a high and low of Rs. 620.00 and Rs. 581.25 respectively. So far 5775 shares were traded on the counter.

The BSE group ‘T’ stock of face value Rs. 10 has touched a 52 week high of Rs. 650.00 on 19-Sep-2022 and a 52 week low of Rs. 288.75 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs 620.00 and Rs. 549.00 respectively. The current market cap of the company is Rs. 4336.71 crore.

The promoters holding in the company stood at 63.59%, while Institutions and Non-Institutions held 16.77% and 19.63% respectively.

Spandana Sphoorty Financial has reported results for second quarter ended September 30, 2022.

The company has reported net profit at Rs 49.53 crore for the quarter under review as compared to net loss of Rs 58.88 crore for the same quarter in the previous year.

However, total income of the company decreased by 21.33% at Rs 293.11 crore for Q2FY23 as compared Rs 372.59 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported net profit at Rs 55.15 crore for the quarter under review as compared to net loss of Rs 57.94 crore for the same quarter in the previous year.

However, total income of the company decreased by 21.72% at Rs 310.15 crore for Q2FY23 as compared Rs 396.19 crore for the corresponding quarter previous year.

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