River

SPANDANA management · July 2026 · earnings call

“against the last year full opex of about INR760-odd crores. I think we should be more around INR675 crores or so for the full year this year. And next year should be just a 10% increase on that”

horizon: FY27 and FY28

Nothing has been filed since.

Both the words and the numbers come from the exchange. River doesn't say whether the promise was kept — that reading is yours.

River keeps what management said.
It can keep what you said too.
Everything SPANDANA has promised

Hold SPANDANA? Write down why, and River brings it back when the next filing lands.

You had a reason for buying it. Nobody has put that reason back in front of you since — not after the results, not after the call.

Keep my reason for SPANDANA

What other management teams have said

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Quoted from filings published by the National Stock Exchange of India. River is not an investment adviser and does not give investment advice.