Finance company Fusion Finance announced Q2FY25 results Financial Highlights: Total income increases by 23.19% YoY from Rs 571 crore in Q2FY24 to Rs 704 in Q2FY25 Net interest income (NII) increases by 30.46% YoY from Rs 305 crore in Q2FY24 to Rs 397 crore in Q2FY25. Net Interest Margin (NIM) increases from 11.12% to 11.48% (YoY). Cost of Fund reduces from 10.55% to 10.05% (YoY). Pre-provision Operating Profit (PPOP) increases 17.39% YoY from Rs 242 crore in Q2FY24 to Rs 284 crore in Q2FY25; Overall profitability impacted leading to a loss of Rs 305 crore due to higher than usual provisioning. Gross NPA stands at 9.41%; Net NPA at 2.41%. Healthy capital adequacy position with CRAR of 24.39%. Robust liquidity of Rs 1,793 crore of cash and cash equivalents, amounting to 15.62% of the total assets. Other Highlights: Asset Under Management (AUM) grows by 15.41% from Rs 10,026 crore in Q2FY24 to Rs 11,571 crore in Q2FY25. Disbursements stand at Rs 1,661 crore in Q2FY25. Borrower base Stands at 38.52 lakh~. 65 branches added in Q2FY25, increasing the total branch network to 1,463 across 22 States, including 3 Union Territories. Devesh Sachdev, MD & CEO, Fusion Finance, said: “During Q2FY25, we continued to experience the impact of delinquency trends seen industrywide, making this a tough quarter. As shared previously, we have been closely tracking the evolving credit behaviour of the borrowers and have implemented strong measures to tighten credit criteria for new disbursements along with an increased focus on field collections and have also curtailed our growth resulting in muted AUM numbers QoQ basis. Our ECL provisioning for this quarter is higher, thus impacting our overall profitability. Having said that, our pre-provisioning profit (PPOP) on YoY basis remains steady, and we continue to have a strong Balance Sheet with a healthy CAR of 24.39%. We expect to file the documents for Rights Issue of up to Rs 550 crore in this quarter. As we continue to take a calibrated approach, our focus will be on treading the prudent growth path.” Result PDF