Conference Call with Fusion Finance Management and Analysts on Q3FY26 Performance and Outlook. Listen to the full earnings transcript.
Microfinance Institution Fusion Finance announced Q3FY26 results Total loan disbursements rising 23% QoQ to Rs 1,594 crore, the highest level recorded in the last five quarters. The company reported a profit after tax of Rs 14 crore in Q3FY26, compared to a loss of Rs 22 crore in Q2FY26. Asset under management stood at Rs 6,876 crore as of December 2025, while the active borrower base stood at ~23.4 lakh. Net Interest Margin (NIM) improved to 11.32% in Q3FY26 from 10.85% in Q2FY26, supported by improving portfolio trends and a reduction in the cost of funds to 10.28% from 10.35% in the previous quarter. Total income stood at Rs 424 crore in Q3FY26 compared to Rs 433 crore in Q2FY26, while net interest income remained stable at Rs 237 crore versus Rs 247 crore in the previous quarter. Preprovision operating profit rose to Rs 94 crore in Q3FY26 from Rs 89 crore in Q2FY26. Asset quality indicators continued to strengthen during the quarter. Gross NPA declined to 4.38% from 4.61% in Q2FY26, while Net NPA stood at 0.63%. Credit cost reduced to Rs 79 crore in Q3FY26 from Rs 111 crore in Q2FY26, with sustained Stage 3 provision coverage of ~86%. Sanjay Garyali, MD & CEO, Fusion Finance, said: “Q3FY26 was a quarter of steady and disciplined execution for Fusion Finance. We remained focused on strengthening our core fundamentals, maintaining portfolio quality, and pursuing calibrated growth in a dynamic operating environment. The quarter saw continued improvement in collections across both the overall portfolio and the new book, reinforcing the resilience of our business model and the effectiveness of our risk and underwriting practices. As we move ahead, we will stay committed to responsible lending, prudent risk management, and building a stronger, more resilient portfolio that supports sustainable long-term value creation for all stakeholders.” Result PDF