Spandana Sphoorty Financial Limited has informed the Exchange about Investor Presentation
Ref: SSFL/Stock Exchange/2023-24/146
Date: January 22, 2024
To BSE Limited, Department of Corporate Services P. J. Towers, 25th Floor, Dalal Street, Mumbai – 400001
Dear Sir/Madam,
To National Stock Exchange of India Limited, Listing Department Exchange Plaza, C-1, Block G Bandra Kurla Complex, Bandra (E) Mumbai – 400051
Sub: Investor presentation on the unaudited financial results of the Company for the quarter and nine months ended December 31, 2023.
Ref: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”).
Pursuant to Regulation 30 of SEBI LODR Regulations, please find enclosed herewith a copy of Investor Presentation of the Company on the unaudited financial results for the quarter and nine months ended December 31, 2023.
Kindly take the same on record.
Thanking you.
Yours sincerely, For Spandana Sphoorty Financial Limited
Ramesh Periasamy Company Secretary and Chief Compliance Officer
Encl: as above
Spandana Sphoorty Financial Limited CIN - L65929TG2003PLC040648 Galaxy, Wing B, 16th Floor, Plot No.1, Sy No 83/1, Hyderabad Knowledge City, TSIIC, Raidurg Panmaktha, Hyderabad, Rangareddi TG 500081 IN Ph: +9140-45474750 | contact@spandanasphoorty.com, www.spandanasphoorty.com
Invested in Bharat!
Spandana Sphoorty Financial Limited
Bhil Art
Q3 FY24 Investor Presentation
Safe Harbor
This presentation and the accompanying slides (the “Presentation”), which have been prepared by Spandana Sphoorty Financial Limited (the
“Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe
for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment what so ever. No offering of
securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.
This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no
representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and
reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may
consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.
Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are
individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to
known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the
performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide,
competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological
implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market
risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from
results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this
Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and
the Company is not responsible for such third-party statements and projections.
2
Our Vision 2028 – 28 by 28 ₹28,000 Cr AUM by FY2028
Spandana Analyst, Investor meet – Mumbai 11/12/2023
Particulars
Q3FY24
FY28 Target
AUM (₹ Cr)
10,404
~28,000
Of which LAP & Nano loans
Borrowers (L)
52
~30
3,000 – 3,500
~62
Employees
12,989
20,500 – 22,000
Top 3 states AUM (%)
42.2%
Gearing (x)
CRAR (%)
2.3
35%
<36%
<4.0
~25%
3
9M YOY Customer Acquisition up 112%, Income up 93%, PPOP up 128% 9M PAT of ₹372 Cr – surpassed highest full year PAT ever (₹352 Cr in FY20)
Particulars
9M FY24
9M FY23
YoY (%)
Client Addition (L)
Disbursement (₹ Cr)
AUM (₹ Cr)
Income (₹ Cr)
PPOP (₹ Cr)
PAT (₹ Cr)
GNPA
NNPA
9.5
6,719
10,404
1,824
687
372
1.61%
0.48%
4.5
5,071
6,852
944
301
(93)
5.31%
2.52%
112%
32%
52%
93%
128%
+465 Cr
(370) bps
(205) bps
4
YOY - AUM up 52%, customer Acquisition up 56%, PAT up 79%, Income up 75%
Acquired 9.5L borrowers during 9MFY24
Consolidating lender relationships
Client Addition
3.4 L
YoY +56%
QoQ -3%
Borrower count
29.6 L
YoY +32%
QoQ 10%
AUM growth momentum continues
AUM
Disbursement
₹10,404 Cr
YoY +52%
QoQ 6%
₹2,543 Cr
YoY +8%
QoQ 1%
Lending partners
58
Funds raised*
₹2,279 Cr
YoY +8%
QoQ -29%
Comfortable Cash & Capital position Cash & Bank balance
CRAR
35.0%
₹1,669 Cr
Stable portfolio quality
Robust financial performance
1 – 90 Dpd
GNPA
NNPA
Income
PPOP^
PAT
2.49%
1.61%
0.48%
₹657 Cr
₹240 Cr
₹127 Cr
YoY -11 bps
QoQ +45 bps
YoY -370 bps
QoQ +21 bps
YoY -205 bps
QoQ +6 bps
YoY +75%
QoQ +3%
YoY 71%
QoQ -7%
YoY +79%
5
QoQ +2%
* ₹907 Cr sanctions in hand; Including sanctions in hand total fund raise for Q3FY24 was ₹3,186 Cr vs. ₹3,191 Cr in Q2FY24 ^ Includes Net gain on fair value change of ₹20 Cr toward DA transaction undertaken in Q3FY24 Vs. ₹42 Cr in Q2FY24
5
Ratings update
Spandana Sphoorty Financial Ltd – Outlook changed to Positive by ICRA & CRISIL
Rating Agency
Rating Instrument
Rating / Outlook (Current)
Rating / Outlook (30-Sep-23)
Change
ICRA
Bank Facilities / NCD’s / MLD’s
A / Positive
A / Stable
Outlook change
CRISIL
Bank Facilities
A / Positive
A / Stable
Outlook change
Bank Facilities / NCD’s/ MLD’s
A / Stable
A / Stable
India-Ra
CPs
A1
A1
No change
Criss Financial Ltd – Rating upgrade by ICRA
Rating Agency
Rating Instrument
Rating / Outlook (Current)
Rating / Outlook (30-Sep-23)
Change
ICRA
Bank Facilities / MLD’s
A- / Positive
BBB+ / Stable
Rating upgrade
India-Ra
Bank Facilities / NCD’s
BBB+ / Stable
BBB+ / Stable
No change
6
YoY 32% YoY growth in borrower base which is now ~30 Lacs Momentum on increasing distribution sustained – 72 new branches added
No. of borrowers (in L)
Branch count
22.4
22.6
24.1
27.0
29.6
Dec-22
Mar-23
Jun-23
Sep-23
Dec-23
Number of employees
No. of Employees
8,732
10,016
10,671
12,677
12,989
No. of Loan officers
8,060
8,374
6,581
6,391
5,478
Dec-22 Mar-23 Dedicated loan officers
Jun-23
Sep-23
Dec-23
-
522
642
444
418
1,227
64
1,303 140
1,502 323
1,574*
375
1,115
1,163
1,163
1,179
1,199
1,800
1,600
1,400
1,200
1,000
800
600
400
200
0
Dec-22 Mar-23
Jun-23
Sep-23
Dec-23
*Includes 45 co-located branches shared by SSFL & CFL
Monthly Weekly
Total
AUM per branch^ (₹ Cr)
8.5
8.6
7.7
8.0
6.1
Dec-22
Mar-23
Jun-23
Sep-23
Dec-23
^AUM for branches with tenure >1 year
7
Strong momentum on new customer acquisition sustained. 56% YoY growth in borrower addition; 9.49L new customers sourced in 9M of FY24
New customers acquired (in ‘000)
44% customer acquisition from 7 focus states
QoQ -3%
YoY +56%
YoY +112%
949
350
339
Other States 56%
7 Focus States 44%
1. Bihar 2. Rajasthan 3. Uttar Pradesh 4. West Bengal 5. Tamil Nadu 6. Gujarat 7. Haryana
448
219
25% AUM from 7 focus states
Q3FY24 - Weekly vs. Monthly branches
Q2 FY24
Q3 FY24
Q3 FY23
9M FY23
9M FY24
Disbursement
Weekly 16%
Monthly 84%
8
AUM growth momentum continues ~52% YoY & 6% QoQ growth in AUM
AUM (₹ Cr) - YoY Growth of 52%
AUM (₹ Cr) – QoQ Growth of 6%
10,404
52%
6,852
6%
10,404
9,784
8,511
8,848
6,852
Q3FY23
Q3FY24
Q3FY23
Q4FY23
Q1FY24
Q2FY24
Q3FY24
Reduction in AUM Concentration of top 5 states
Disbursement (₹ Cr)
67%
33%
61%
39%
QoQ 1%
YoY +8%
2,513
2,543^
2,361
Q4FY22
Q3FY24
Q2FY24
Q3FY24
Q3FY23
Rest of India
Top 5 States
^Low disbursement cadence in Oct’23 as focus was on stabilizing collections post launch of Parivartan
9
Net Collection Efficiency at 97.2%, Gross Collection Efficiency at 99.9%
Collection Efficiency (%)
AUM & Current book
102.1%
102.5%
101.5%
100.3%
99.9%
11,000
96.6%
97.1%
96.7%
94.5%
97.6%
98.1%
97.7%
97.2%
10,000
92.1%
9,784
10,404
96.0%
8,848
8,511
9,000
8,000
7,000
6,852
6,000
5,000
Q3FY23
Q4FY23
Q1FY24
Q2FY24
Q3FY24
Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24
Gross CE
Net CE
AUM (in ₹ Cr)
Current Book (% of AUM)
100.0%
95.0%
90.0%
85.0%
80.0%
75.0%
70.0%
65.0%
10
Portfolio quality: 1-90 book at 2.49%, ~48% in 1-30 dpd Parivartan branches contribute 66% (~9,800 customers) of SMA flows
1 – 90 dpd
14.40%
7.51%
5.73%
1 – 30 dpd
8.36%
4.03%
2.86%
2.59%
1.54% 1.36% 2.04% 2.49%
1.16%
0.58% 0.55% 0.85% 1.20%
Q4 FY22
Q1 FY23
Q2 FY23
Q3 FY23
Q4 FY23
Q1 FY24
Q2 FY24
Q3 FY24
Q4 FY22
Q1 FY23
Q2 FY23
Q3 FY23
Q4 FY23
Q1 FY24
Q2 FY24
Q3 FY24
31 – 60 dpd
3.41%
1.93%
1.49%
61 – 90 dpd
2.57%
1.55%
1.38%
0.83%
0.54% 0.42% 0.60% 0.82%
0.60%
0.42% 0.39%
0.59% 0.47%
Q4 FY22
Q1 FY23
Q2 FY23
Q3 FY23
Q4 FY23
Q1 FY24
Q2 FY24
Q3 FY24
Q4 FY22
Q1 FY23
Q2 FY23
Q3 FY23
Q4 FY23
Q1 FY24
Q2 FY24
Q3 FY24
11
GNPA at 1.61%; NNPA at 0.48%
18.65%
10.46%
6.69%
3.24%
7.37%
3.84%
5.31%
2.52%
2.07%
1.63%
1.40%
1.61%
0.64%
0.49%
0.42%
0.48%
Q4FY22
Q1FY23
Q2FY23
Q3FY23
Q4FY23
Q1FY24
Q2FY24
Q3FY24
GNPA
NNPA
12
Portfolio risk sufficiently covered with PCR at 70.45%
Provisioning & Coverage
Stage 1
Current
- 1-30
Stage 2
Stage 3
Total
Q3 FY24
Q2 FY24
Loans Outstanding (₹ Cr)
% of Loans Outstanding
ECL Provision (₹ Cr)
Coverage
Loans Outstanding (₹ Cr)
% of Loans Outstanding
ECL Provision (₹ Cr)
9,365
9,250
116
124
155
9,645
97.10%
95.90%
1.20%
1.29%
1.61%
100%
97
93
3
49
109
256
1.04%
1.01%
3.02%
39.71%
70.45%
2.65%
8,817
8,740
77
107
127
9,052
97.41%
96.56%
0.85%
1.19%
1.40%
100%
85
82
2
43
89
216
Coverage
0.96%
0.94%
3.07%
39.68%
70.26%
2.39%
Q3 FY24
Q2 FY24
SSFL
Consolidated
SSFL
Consolidated
Q3FY24
9MFY24
Impairment on financial instruments
Amount (₹ Cr)
Amount (₹ Cr)
% of average loan O/s
GNPA
NNPA
PCR
1.50%
1.61%
1.27%
1.40%
0.45%
0.48%
0.38%
0.42%
70.00%
70.45%
70.00%
70.26%
* Represents impairment cost pertaining to loans disbursed prior to April’21 & Security Receipts
- On technical write-off’s
- On GNPA
- On stage 1, 2 & others
Sub-total
Others*
Total
6.71
36.21
19.49
62.41
7.70
70.11
19.50
40.90
28.12
88.52
100.22
188.74
1.4%
1.5%
2.9%
13
Liability relationships being strengthened. Borrowings calibrated in line with disbursement plan; ~8% YoY growth in fund mobilization
Incremental borrowing (in ₹ Cr)
Cost of borrowing
QoQ -29%
YoY +8%
12.7%
12.6%
12.4%
12.5%
12.3%
12.5%
12.3%
12.3%
12.2%
3,191
11.5%
2,279^
2,104
Q3 FY23
Q4 FY23
Q1 FY24
Q2 FY24
Q3 FY24
Cost of Borrowing
Marginal Cost of Borrowing
Q2 FY24
Q3 FY24
Q3 FY23
^₹907 Cr Sanctions in hand
Diversified borrowing mix
1%
42%
14%
43%
Q3 FY23
2%
36%
17%
45%
Q4 FY23
2%
32%
18%
48%
Q1 FY24
7%
28%
21%
44%
Q2 FY24
9%
22%
23%
46%
Q3 FY24
Banks
NBFC
DFI & FPI
Capital Markets
14
Income and profitability continue to trend higher YoY – Income up 75%, PAT up 79%
Income* (₹ Cr)
QoQ 3%
YoY +75%
YoY +93%
1824
Net Income*^ (₹ Cr)
QoQ -1%
YoY +60%
YoY +81%
1,147
640
657
944
375
412
407
635
254
Q2 FY24
Q3 FY24
Q3 FY23
9M FY23
9M FY24
Q2 FY24
Q3 FY24
Q3 FY23
9M FY23
9M FY24
PPOP* (₹ Cr)
QoQ -7%
YoY +71%
YoY +128%
687
258
240
301
141
Q2 FY24
Q3 FY24
Q3 FY23
9M FY23
9M FY24
*Includes Net gain on fair value change of ₹20 Cr toward DA transaction undertaken in Q3FY24 & ₹42 Cr in Q2FY24 ^Net Income = Total income less finance cost
PAT* (₹ Cr)
QoQ +2%
YoY +79%
125
127
71
Q2 FY24
Q3 FY24
Q3 FY23
9MFY23 +₹465 Cr
372
9M FY23 (93)
9M FY24
15
Borrowing cost declines over Q2FY24 NIM at 13.3%, Yield 24.1%
Yield (%)
QoQ -38 bps
YoY +259 bps
24.5%
24.1%
YoY +476 bps
24.2%
21.5%
19.4%
Cost of Borrowing (%)
QoQ -26 bps
YoY +74 bps
12.5%
12.3%
YoY +149 bps
12.7%
11.5%
11.3%
Q2 FY24
Q3 FY24
Q3 FY23
9M FY23
9M FY24
Q2 FY24
Q3 FY24
Q3 FY23
9M FY23
9M FY24
Spread* (%)
QoQ -12 bps
YoY +171 bps
11.8%
11.7%
9.9%
Q2 FY24
Q3 FY24
Q3 FY23
YoY +327 bps
11.5%
8.2%
9M FY23
9M FY24
*Spread = Yield less Cost of Borrowing ^ Largely driven by increase in finance cost led by improvement in leverage
NIM (%)
QoQ -84 bps
YoY -51 bps
14.1%
13.3%^
13.8%
YoY +143 bps
13.9%
12.4%
Q2 FY24
Q3 FY24
Q3 FY23
9M FY23
9M FY24
16
ROA at 5.5%, Cost to Income at 42.9%, ROE at 14.7%
Cost to income^ (%)
Opex to AUM (%)
QoQ +113 bps
YoY -175 bps
41.8%
42.9%
44.7%
YoY -10.09%
52.6%
42.5%
QoQ -4 bps
YoY -63 bps
7.2%
7.2%
6.6%
6.6%
YoY -63 bps
6.6%
Q2 FY24
Q3 FY24
Q3 FY23
9M FY23
9M FY24
Q2 FY24
Q3 FY24
Q3 FY23
9M FY23
9M FY24
ROA* (%)
ROE* (%)
QoQ -19 bps
YoY +95 bps
5.7%
5.5%
4.5%
YoY +778 bps
5.7%
QoQ -34 bps
YoY +496 bps
15.1%
14.7%
9.8%
YoY +19.18%
15.0%
Q2 FY24
Q3 FY24
Q3 FY23
-2.1% 9M FY23
9M FY24
Q2 FY24
Q3 FY24
Q3 FY23
*Marginal reduction in Q3FY24 due to impact of net gain on fair value change of ₹20 Cr toward DA transaction undertaken vs. ₹42 Cr in Q2FY24 ^Normalized for Net gain on fair value change of ₹20 Cr toward DA transaction undertaken in Q3FY24 & ₹42 Cr in Q2FY24
-4.2% 9M FY23
9M FY24
17
Net-worth increases to ₹3,497 Cr; CRAR at 35.0%
Net-worth (₹ Cr)
2,961
3,099
3,228
3,360
3,497
CRAR (%)
39.1%
36.3%
37.6%
36.6%
35.0%
Q3 FY23
Q4 FY23
Q1 FY24
Q2 FY24
Q3 FY24
Q3 FY23
Q4 FY23
Q1 FY24
Q2 FY24
Q3 FY24
Gearing (x)
1.96
1.98
1.73
2.31
2.28
Q3 FY23
Q4 FY23
Q1 FY24
Q2 FY24
Q3 FY24
18
Consolidated Income Statement
Particulars (₹ Cr)
Revenue from Operations
Interest income
Net gain on fair value changes
Other Income
Total income from operations
Non-operational Income
Total income
Finance cost
Net Income
Expenses
Employee benefit expense
Depreciation and amortization expense
Other expenses
Total Expenses
Pre-Provision Operating Profit (PPOP)
Impairment on financial instruments and other provisions
Profit before Tax
Tax expense
Profit after tax
Q3 FY24 Q2 FY24
Q3 FY23
QoQ
YoY
9MFY24
9MFY23
YoY
559
56
11
626
31
657
250
407
121
6
40
166
240
70
170
43
127
540
60
11
610
30
640
228
412
112
5
38
155
258
90
168
42
125
338
8
8
355
20
375
121
254
69
3
42
114
141
45
96
25
71
4%
(7)%
0%
3%
3%
3%
10%
(1)%
8%
23%
3%
7%
(7)%
(22)%
2%
1%
2%
65%
562%
33%
77%
51%
75%
107%
60%
75%
121%
(5)%
46%
71%
57%
77%
74%
79%
1,588
129
31
1,748
76
1,824
677
1,147
336
13
110
460
687
189
498
126
372
858
19
26
903
41
944
309
635
220
7
106
334
301
422
(121)
(28)
(93)
85%
583%
21%
94%
85%
93%
119%
81%
53%
87%
4%
38%
128%
(55)%
19
Dec 31, 2023 Mar 31, 2023
LIABILITIES & EQUITY (₹ Cr)
Dec 31, 2023 Mar 31, 2023
Consolidated Balance Sheet
ASSETS (₹ Cr)
Financial Assets
Cash and bank balances
Loan Portfolio
Investments
Other financial assets
1,669
9,424
120
130
1,005
7,760
189
122
Total Financial Assets
11,344
9,076
Non-Financial Assets
Inventories
Current tax assets (net)
Deferred tax assets (net)
Property, Plant and Equipment
Intangible assets
Goodwill
Other non-financial assets
Total Non-financial assets
Total Assets
-
67
130
30
5
17
25
1
40
197
25
5
17
22
273
11,617
307
9,383
Financial Liabilities
Debt Securities
Borrowings (Other than Debt Securities)
Subordinated Liabilities
Other Financial liabilities
Total Financial Liabilities
Non-Financial Liabilities
Current Tax Liabilities (net)
Provisions
Other Non-Financial liabilities
Total Non-Financial Liabilities
Equity
Equity Share Capital
Other Equity Equity attributable to shareholders of the company Non-Controlling Interest
Total Equity
Total Liabilities and Equity
3,541
4,402
20
87
8,050
4
17
50
71
71
3,425
3,496
0.3
3,497
11,617
3,369
2,685
20
155
6,230
4
6
43
54
71
3,028
3,099
0.2
3,099
9,383
20
Annexure
21
Positive ALM across maturity buckets
Positive ALM* (₹ Cr)
Maturity profile* (in months)
3,166
3,113
12.1
3,414
1,928
1,839
1,664
2,109
2,317
408
584
396
573
670
42
80
162
upto 1m
1m to 2m
2m to 3m
3m to 6m
6m to 12m
1Y to 3Y
3Y to 5Y
Over 5Y
Assets
Liabilites
11.2
10.0
9.6
Dec-23
Sep-23
Avg. residual maturity of asset
Avg. residual maturity of borrowing
•
•
Positive ALM on cumulative basis with assets maturing faster than liabilities
Cash and Bank balance (₹1,669 Cr as on 31 Dec’23)
* Standalone
22
Well diversified presence
AUM concentration* - ~41% from top 3 States
District level concentration*
State
Odisha Madhya Pradesh Karnataka Andhra Pradesh Maharashtra Bihar Jharkhand Chhattisgarh Rajasthan Uttar Pradesh Gujarat Telangana West Bengal Haryana Tamil Nadu Kerala Goa Pondicherry Uttarakhand Total
% of AUM
Largest
1.8%
Q3FY24 15% 15% 11% 11% 10% 10% 6% 5% 5% 5% 4% 1% 1% 0.5% 0.5% 0.3% 0.2% 0.1% 0.03% 100%
Q3FY23 15% 17% 11% 11% 10% 8% 6% 5% 5% 3% 5% 1% 0.7% 1% 0.1% 1% 0.2% 0.1% - 100%
Top 5
7.8%
Top 10
13.2%
Top 20
22.2%
Others
77.8%
Branch level concentration*
Largest
0.2%
Top 5
1.1%
Top 10
2.1%
Top 20
4.0%
Others
96.0%
23
* Standalone
Metrics over the years
AUM (₹ Cr)
Disbursement (₹ Cr)
8,157
6,829
6,581
8,511
10,404
4,372
8,004
6,426
8,125
6,719
4,969
3,373
FY19
FY20
FY21
FY22
FY23
9M FY24
FY19
FY20
FY21
FY22
FY23
Net Income* (₹ Cr)
1,113
1,082
940
1,019
1,147
691
PAT (₹ Cr)
352
312
145
70
12
9M FY24
372
FY19
FY20
FY21
FY22
FY23
9M FY24
*Net Income = Total income less finance cost
FY19
FY20
FY21
FY22
FY23
9M FY24
24
Rapid branch expansion over past 9 months
Borrowers (in L)
Employees
Borrowers / Branch & LO
24.6 25.7 24.5 23.5 22.6^
29.6
12,989
8,224 8,644 8,763
10,016
6,655
2,658 2,541
697
590
2,324
2,097
1,840 1,880
432
382
343
353
3000
2500
2000
1500
1000
500
0
FY19 FY20 FY21 FY22 FY23
9M FY24
^Loans outstanding of ~6 L borrowers written-off
FY19 FY20 FY21 FY22 FY23
9M FY24
Borrowers / Branch
Loan Officers
Branches
AUM / Branch & AUM / LO
FY19 FY20 FY21 FY22 FY23
9M FY24 Borrowers / LO
8,374
7,103
5,665 6,157
925 1,010 1,052 1,120
1,574
1,227
4,350
3,526
FY19 FY20 FY21 FY22 FY23
9M FY24
FY19 FY20 FY21 FY22 FY23
9M FY24
9.0
8.0
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0
4.7
1.2
7.8
6.8
1.6
1.4
6.9
6.6
1.2
1.2
5.9
1.1
FY19 FY20 FY21 FY22 FY23
9M FY24
AUM / Branch (₹ Cr)
AUM / LO (₹ Cr)
850
750
650
550
450
350
250
150
50
-50
3.0
2.5
2.0
1.5
1.0
0.5
0.0
25
Thank you!
Investor Relations
Strategic Growth Advisors Pvt. Ltd Abhishek Shah +91 99306 51660
Spandana Sphoorty Financial Limited