Non-banking Financial company Fusion Micro Finance announced Q4FY23 & FY23 results: Q4FY23: Total income increased 39.76% YoY from Rs 3,725.55 million to Rs 5,206.92 million Net interest income (NII) increased 62.37% YoY from Rs 1,685.95 million to Rs 2,737.55 million Pre-provision operating profit increased 47.77% YoY from Rs 1,496.37 million to Rs 2,211.23 million Impairment of financial instruments declined 48.36% YoY from Rs 1,340.02 million to Rs 691.96 million Total Expected Credit Loss (ECL) is Rs 3,126.62 million (3.74%) (includes management overlay of Rs 512.50 million) against GNPA of Rs 2,888.99 million (3.46%) and NNPA further reduced from 0.98% to 0.87% QoQ Write-offs were Rs 457.80 million Profit After Tax (PAT) increased by 767.93% YoY from Rs 131.95 million to Rs 1,145.24 million Healthy capital position with a CRAR of 27.94% Credit Rating remains at “A” Stable by CRISIL, CARE, and ICRA FY23: Disbursements grew 39.10% YoY from Rs 61,797.77 million to Rs 85,961.13 million Borrower base increased to 3.53 million across 1,086 branches Addition of ~ 0.8 million new clients during the year Cost of Funds reduced by 13 bps Net NPA dropped to 0.87% from 1.64% Commenting on the performance, Devesh Sachdev, Managing Director and CEO, Fusion Micro Finance, said, “FY23 has been a milestone year for the Company as we successfully got listed and have demonstrated strong performance consistently across all operational and financial metrics. Our AUM has grown by 36.99% YoY to Rs 92,962.19 million. We reached a base of 3.53 million borrowers and clocked the highest PAT since inception resulting in ROA of 4.65% and ROE of 21.16 %.” “We have achieved these results due to our focused strategy of geographical diversification, building an extensive network, investing in human capital, technology, sound risk management and building for the future. We are well-positioned to achieve robust and sustainable long-term growth." he added. Result PDF