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lolc Finance tops the 'Most Valuable Consumer Brand' in the financial services sector – The Island

lolc Finance tops the 'Most Valuable Consumer Brand' in the financial services sector – The Island
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Spandana Sphoorty slips after Q4 PAT drops 41% YoY

Spandana Sphoorty Financial fell 1.45% to Rs 558 after the company reported 40.7% fall in consolidated net profit to Rs 49.27 crore on 9.2% rise in total income to Rs 480.29 crore in Q4 FY21 over Q4 FY20.
Profit before tax in Q4 FY21 stood at Rs 67.17 crore, down 38.1% from Rs 108.47 crore in Q4 FY20. Tax expense declined 43.5% year-on-year (YoY) to Rs 24.08 crore.
Provisions and write offs increased 12.5% to Rs 211.61 crore in Q4 FY21 as against Rs 188.12 crore in Q4 FY20.
The company held cumulative provisions of Rs 466 crore as on 31 March 2021 as against Rs 195 crore as on 31 March 2020.
Disbursements in Q4 FY21 were at Rs 2,426 crore, higher by 4.4% on a YoY basis. ....

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