According to latest market data, Spandana Sphoorty's share price closed at ₹267.50 on May 6, 2026, as reported by market data providers. This trading level reflects the market's response to the company's recent financial performance and analyst recommendations. Motilal Oswal maintains its Neutral rating on the stock with a target price of ₹280, representing a potential upside from current levels. The target price is based on 0.9x March 2028E book value, reflecting the company's current financial position and growth prospects.
As reported by Motilal Oswal, Spandana Sphoorty's Q4FY26 PAT stood at approximately ₹53 million, marking a significant improvement from the MOFSL estimate loss of ₹86 million. However, Net Interest Income (NII) declined 48% year-on-year to approximately ₹1.1 billion, representing a 21% miss against estimates. The company's operating expenses declined 23% YoY to approximately ₹1.6 billion, coming in 17% lower than estimates. The latest board meeting for audited results took place on May 5, 2026, providing updated financial disclosures to stakeholders.
According to the research report, credit costs (net of recoveries) resulted in provision write-backs of ₹180 million, leading to annualized credit costs of -2% in the quarter. This compares favorably to the previous quarter's operating loss of ₹670 million and the previous year's credit costs of 36.2%. The operating loss stood at ₹100 million in Q4FY26. The company's improved credit metrics demonstrate better asset quality management and reduced stress in the loan portfolio.
As reported by Motilal Oswal, the stock currently trades at 1x FY27 P/BV. The brokerage expects Spandana Sphoorty to deliver a CAGR of 39%/38% in disbursements/AUM over FY26-FY28E, leading to RoA/RoE of 4.3%/15% in FY28E. The Neutral rating reflects the company's current valuation and growth trajectory, with the target price of ₹280 representing potential upside from current levels of ₹267.50. The stock's performance suggests cautious investor sentiment amid mixed financial indicators.
