Spandana Sphoorty slips 6% in 2 days, nears record low on growth concerns

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Spandana Sphoorty slips 6% in 2 days, nears record low on growth concerns - Business Standard

Quick Summary:

In the past six months, the market price of Spandana Sphoorty has tanked 60 per cent, as compared to the 10 per cent decline in the BSE Sensex.

The underperformance of SSFL is due to weak earnings; the company reported net losses of ₹601 crore for the April to December 2024 period of financial year 2024-25 (9MFY25), amidst the ongoing stress in the microfinance sector.

Spandana Sphoorty slips 6% in 2 days, nears record low on growth concernsIn the past six months, the market price of Spandana Sphoorty has tanked 60 per cent, as compared to the 10 per cent decline in the BSE Sensex.