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Spandana Sphoorty -- Business getting back on track, will the stock price follow?

The third largest NBFC-MFI in terms of assets managed as of June has seen its collection efficiency improving from a mere 2 per cent in April to 92 per cent in August

September 24, 2020 / 02:09 PM IST
Spandana Sphoorty -- Business getting back on track, will the stock price follow?

Reservation for economically weaker sections: The Union Cabinet cleared a 10 percent job and education quota for "economically weaker" sections on January 7, 2019.

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

While most businesses are facing significant headwinds, non-bank micro-lenders (NBFC–MFIs), in particular, have been impacted the most by the nationwide lockdown. The reasons for NBFC- MFIs being hit hard by the pandemic are manifold. First, operations of MFIs are field-intensive, involving high personal contact such as home visits and physical collection of cash. The lockdown brought business operations almost to a standstill. Second, the borrowers of MFIs typically have weak credit profiles, which came under further stress as incomes of small...

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