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Spandana Sphoorty plans to scale back operations in Kerala and Gujarat

Stock down 4.4 per cent on BSE; eyes 20 per cent AUM growth in FY26 Listen to This Article Microfinance institution (MFI) Spandana Sphoorty Ltd, which suffered a loss of ₹1,035 crore in the financial year 2024-25 (FY25) after a profitable previous year, plans to scale back its operations in states like Kerala and Gujarat and grow cautiously in Maharashtra and Telangana to boost efficiencies. For FY26, the company said it was taking a step back to build a sustainable business and rationalise presence to have an impact on operational expenditure and efficiencies. Some other states where it would reduce presence are Rajasthan and Tamil Nadu. While it would grow cautiously in Chhattisgarh and Uttar Pradesh. After a sharp