Spandana Sphoorty Cuts Q3 Losses to ₹83 Crore as NII Jumps 13%

• Spandana Sphoorty reported a net loss of ₹83 crore in Q3FY26, a significant reduction from ₹218 crore in the year-ago period.
• Net Interest Income (NII) increased by 12.7% year-on-year to ₹94.5 crore.
• Assets Under Management (AUM) stood at ₹3,948 crore, with disbursements growing 27% QoQ to ₹1,188 crore.
• Asset quality improved, with standalone gross non-performing assets (GNPA) falling to 2.60% and net NPA at 0.50%.
• The company is exploring a potential merger of its subsidiary Criss Financials Ltd to optimize capital and enhance operational agility.

Why It Matters: Spandana Sphoorty significantly reduced Q3 losses and improved asset quality, signaling a return to normalcy.