Home Market Insight Splandi Posts on Bad Loan Impact loss of 360 million Q1

Splandi Posts on Bad Loan Impact loss of 360 million Q1

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Splandi Posts on Bad Loan Impact loss of 360 million Q1

Microfinance Company Varsa’s Sputty Financial received Rs. The unified net loss of Rs 360 crore was faced, with high property quality stress and decrease in business volume as well as the fourth consecutive quarter damage due to income.

In the year ago, the Nder made a unified net profit of Rs 56 crore. Then, it reports the damage to each quarter.

Its unified income dropped by 59% annually to Rs. 734 crore has been increased to 304 crore. The provisions for covering a bad loan compared to Rs 209 crore were higher at Rs 422 crore.

“The loss was mainly due to the loss for the quarter ended June 30, 2025

Damage to customers (including technical writing), “the company said in the stock exchange filing.

Living events

      It wrote a loan of Rs 581 crore in the June quarter, contributing to elevated credit costs.

      The company said in a joint statement by Chairperson Abanti Mitra and interim Chief Executive Officer Ashish Kumar Damani, “Accordingly, the company is expected to generate sufficient taxable profits for the loss of damage.”

      The consolidated loss was Rs 481 crore before tax in the June quarter.

      Based on the possible future taxable income supported by the revised valid business plans and budgets, the re -ove -ove 544 crore has been recognized by Vandana.

      The Nder’s single loan book of the donor is Rs. 3877 crore contract was Rs 5555 crore three months ago. The total non-performing property ratio was 88.8888% in the late June, while three months ago compared to 85.8585%. Net NPA remained at 0.96%.

      The united property of the company under the management was worth Rs 4958 crore, compared to 11723 crore a year ago. The GNP for a unified balance sheet was 5.49% against 2.60% a year ago.

      In the quarter ended June 30 and in the quarter and quarterly, the risk, risk, total NPAs, tangible net worth, and were non-compatible with some contracts related to quarterly profitability. He has received apologies in terms of some of the lenders’ unaccompanied contracts.

      “The company is constantly communicating with its lender and is confident that immediate payment of funds borrowed will not be demanded due to non -compliance with the contract.”

      The company is a management point of view that it will be able to realize all its assets and dissolve all its responsibilities in the normal course of business. “There are no content uncertainties on the ability to continue as a further concern of the company,” he says.

      It has a strong capital status, with a capital of 1,245.53 crore tire I capital and 37%to the risk-giving wealth ratio. It has successfully increased the latest investment of Rs 200 crore through the issue of partly paying share PAID. The amount of Rs 400 crore worth Rs 200 crore will be realized at a later date.

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