Name: Latest research reports of Fusion Finance Ltd. authored by Motilal Oswal and published by - Trendlyne research reports.
Item: Fusion Finance Ltd.
Rating: 5
Author: Motilal Oswal

Earnings miss due to elevated credit costs; NIM rose ~5bp QoQ

Buy: Fusion Finance Ltd.

Target

Motilal Oswal

? Fusion’s 4QFY24 PAT grew 16% YoY to ~INR1.33b (9% miss) because of
elevated credit costs. NII grew 31% YoY to ~INR3.6b, while PPoP also grew
31% YoY to ~INR2.9b (7% beat). FY24 PAT grew 31% YoY to INR5.1b