 "A new challenge for the microfinance industry?")
Shares of Spandana Sphoorty Financial (SSFL) surged 11 per cent to Rs 1,212 on the BSE in the intra-day trade on Friday after the company reported a strong set of numbers for the September quarter (Q2FY20).
The stock of micro-finance company was trading at its highest level since listing on August 19, 2019. It has appreciated 42 per cent against issue price of Rs 856 per share.
In Q2FY20, SSFL reported 113 per cent year-on-year (YoY) growth in its normalised net profit at Rs 157 crore, on the back of strong operational performance. It had profit of Rs 74
The stock of micro-finance company was trading at its highest level since listing on August 19, 2019. It has appreciated 42 per cent against issue price of Rs 856 per share.
In Q2FY20, SSFL reported 113 per cent year-on-year (YoY) growth in its normalised net profit at Rs 157 crore, on the back of strong operational performance. It had profit of Rs 74
