 "Spandana Sphoorty")
Micro Finance Institution (MFI) Spandana Sphoorty Financial Ltd has posted a consolidated net profit of Rs 45.1 crore in the third quarter (Q3FY22) as against a loss of Rs 29.7 crore in the year ago period. It had also reported a loss of Rs 58.7 crore in the second quarter ended (Q2FY22).
The income from operations, on a consolidated basis, in the reporting quarter, rose marginally to Rs 346.1 crore compared to Rs 337.9 crore in Q3FY21.
The company's stock was trading 0.74 per cent lower at Rs 404.4 per share on BSE.
Troubled MFI provisions and write-offs related to
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