Microfinance Institutions company Fusion Finance announced Q1FY26 results Total income stood at Rs 446 crore in Q1FY26 vs Rs 476 crore in Q4FY25. Net interest income (NII) for Q1FY26 stable at Rs 268 crore vs Q4FY25. Net interest Margin (NIM) increased to 10.29% in Q1FY26 vs 8.57%in Q4FY25. Cost of funds reduced to 10.27% in Q1FY26 vs 10.52% in Q4FY25. Pre-provision Operating Profit stood at Rs 87 crore in Q1FY26 vs Rs 90 crore in Q4FY25. Loss after tax stood at Rs 92 crore in Q1FY26. Sustained Stage 3 provision coverage to ~97% in Q1FY26. Credit cost stood at Rs 178 crore in Q1FY26. Gross NPA was 5.43% in Q1FY26 and Net NPA at 0.19%. Healthy capital adequacy position with CRAR of 29.52 % (post equity infusion). Robust liquidity of Rs 724 crore aggregate of cash and cash equivalents and liquid assets, amounting to 9.76% of the total assets. AUM stands at Rs 7,688 crore as on June 2025. Total loan disbursements stood at Rs 950 crore in Q1FY26. Active borrower base stood at ~Rs 28.5 lakh as of June 2025. 1,560 branches across 22 states, including 3 Union Territories. Devesh Sachdev, Managing Director, Fusion Finance, said: “In Q1FY26, we continued to make progress, moving closer to normalcy. Our strong measures and persistent efforts on the ground have helped us overcome the external and operational hurdles, setting us on a path to recovery. The renewed focus on credit quality and discipline across the sector, along with favourable regulatory steps of lowering the qualifying assets threshold to 60% from 75% will help in ensuring sustainability and future growth.” Sanjay Garyali, Chief Executive Officer, Fusion Finance, said: “We continue to witness improvements in key business and financial parameters, including collection efficiencies, credit costs and GNPA. As we step into the next phase, our focus remains on driving sustainable growth with strong credit checks, tech-led underwriting, and deeper customer engagement. To deepen our relationship with our customers, we have launched differentiated products like Ujala and Sugam loans and are coming up with new products for the MSME segment too. We are well-prepared for the future. We will continue to grow thoughtfully across emerging rural and MSME markets, backed by a strong balance sheet and a culture built on trust and strong execution.” Result PDF
Microfinance Institutions company Fusion Finance announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Total income stood at Rs 476 crore in Q4FY25 vs Rs 483 crore in Q3FY25 Net interest income (NII) for Q4FY25 increased to Rs 268 crore from Rs 223 crore in Q3FY25 Net Interest Margin (NIM) stood at 8.57% in Q4FY25 vs 8.86% in Q3FY25 Cost of funds stood at 10.52% in Q4FY25 vs 10.28% in Q3FY25 Pre-provision Operating Profit increased to Rs 90 crore in Q4FY25 from Rs 65 crore in Q3FY25 Loss after tax stood at Rs 165 crore in Q4FY25 Increased Stage 3 provision coverage to 96.53% in Q4FY25 vs 88% in Q3FY25 Credit cost decreased to Rs 253 crore in Q4FY25 from Rs 571 crore in Q3FY25 despite higher provision coverage and accelerated write-offs Gross NPA decreased to 7.92% in Q4FY25 from 12.58% in Q3FY25; Net NPA at 0.3% Healthy capital adequacy position with CRAR of 22.42% (30%+ proforma for Rs 800 crore Rights Issue) Robust liquidity of Rs 798 crore aggregate of cash and cash equivalents and liquid assets, amounting to 9.63 % of the total assets FY25 Financial Highlights: Total income stood at Rs 2,369 crore in FY25 vs Rs 2,412 crore in FY24 Pre-provision Operating Profit stood at Rs 736 crore in FY25 vs Rs 1,028 crore in FY24 Loss After Tax stood at Rs 1,225 crore in FY25 Business Highlights: AUM stands at Rs 8,980 crore as on March 2025 Total loan disbursements stood at Rs 6,971 crore in FY25 Active borrower base stood at 32.08 lakh as of March 2025 1,571 branches across 22 states including 3 Union Territories Commenting on the FY25 results, Devesh Sachdev, Managing Director, said, “FY25 had been a challenging year for the industry. We were the first ones to recognize the stress and take early concrete steps to address the issues. Since then, we have witnessed many significant and encouraging results indicating that we are already on our path to recovery. Our Rights Issue was successfully completed in Q4FY25 with a subscription of 1.5x. This reflects the continued strong confidence of existing investors in Fusion while bolstering our capital adequacy.” Sharing his views, Sanjay Garyali, Chief Executive Officer, said, “As | step into this role, | commend Fusion’s early recognition of portfolio stress and the timely, decisive actions that followed. This has set a strong foundation for a healthier, more resilient book. Our portfolio continues to rebalance toward stability, with new book collection efficiency reaching 99.67% in March 2025. We will continue to reinforce this momentum by maintaining robust guardrails across governance, data, and execution — ensuring growth remains disciplined and sustainable.” Result PDF
Finance company Fusion Finance announced Q3FY25 results Financial Highlights: Total income stands at Rs 483 crore in Q3FY25 vs Rs 613 crore in Q3FY24. Net interest income (NII) for Q3FY25 is Rs 223 crore as compared to Rs 337 crore in Q3FY24. Net Interest Margin (NIM) at 8.86% in Q3FY25. Cost of Fund reduces to 10.28% in Q3FY25 from 10.37% in Q3FY24. Pre-provision Operating Profit at Rs 65 crore in Q3FY25. Loss After Tax of Rs 719 crore in Q3FY25; Higher loss is owing to reversal of net deferred tax assets (DTA) till date and enhanced provision coverage across all stages. Gross NPA stands at 12.58%; Net NPA at 1.71%. Credit cost at 5.8% in Q3FY25 vs 6.5% in Q2FY25. Healthy capital adequacy position with CRAR of 22.20%. Robust liquidity of Rs 1,151 crore aggregate of cash and cash equivalents and liquid assets, amounting to 12.26 % of the total assets. Operational & Business Highlights: AUM stands at Rs 10,599 crore in Q3FY25 as compared to Rs 10,693 crore in Q3FY24. Disbursements stand at Rs 1,168 crore in Q3FY25. Borrower base stands at ~36.6 lakh. Current portfolio Collection Efficiency stands at 97.7% in Dec’24 higher than 96.1% in Q2FY25. Devesh Sachdev, MD & CEO, Fusion Finance, said: “Our proactive actions in Q2 and tightened underwriting norms are showing positive trends across various parameters, including current portfolio’s collection efficiency, flow rates and net PAR accretion, among others. As guided, our provisioning for Q3 is lower than Q2 despite increase in provision coverage ratio. This quarter, we have reversed all net deferred tax assets (DTA) till date which has impacted our profitability. Otherwise, at a normalize tax rate, we would have witnessed lower loss of around Rs 380 crore, with standard corporate tax rate applied on the PBT. Importantly, there is no material effect on our CRAR and cash flows. Demonstrating continued confidence from our lenders, we have successfully secured waivers from the majority of them for covenant breaches identified during last quarter. We remain engaged with the few remaining lenders and are confident that there will be no demand for immediate repayment of borrowed funds. With our Rs. 800 crore rights issue progressing as planned and a robust CRAR of 22.20%, our capital position remains strong. With evolving industry dynamics and customer behaviour we remain confident in our approach to navigate these changes and continue to remain transparent and agile in our strategy and actions.” Result PDF
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