Spandana Sphoorty posts net loss of Rs 220 cr for Jun qtr
The company's core interest income slipped to Rs 244 crore during the quarter against Rs 397 crore.There was a pre-provision operating profit of Rs 51 crore in Q1 FY23. It was Rs 226 crore in Q1 FY22.The micro lender suffered an impairment of Rs 352 crore on financial instruments and other provisions, which was higher than Rs 155 crore in the year-ago period.