India's Spandana Sphoorty up on Q4 profit jump

Spandana Sphoorty Financial

30/04/2024 06:19

** Shares of Spandana Sphoorty Financial  SPAD.NS  up as
much as 6.4% to 935.6 rupees; last up 1.8% 
    ** Rural-focused NBFC reported a 5.2% Y/Y rise in its
consolidated PAT for the March-qtr; interest income jumped 50.6%
    ** Co also approved issuance of non-convertible debentures
worth up to 40 bln rupees ($479 mln)
    ** Stock on track to snap three straight sessions of losses,
if trends hold 
    ** More than 535,000 shares change hands by 10:48 a.m. IST,
3.5x the 30-day avg
    ** Including session's move, stock is down 20.7% YTD
    


($1 = 83.5000 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))