Fusion Finance Reports Rs 86.5 Crore Profit as Asset Quality Improves
Microfinance firm Fusion Finance posted a net profit of Rs 86.5 crore in Q2, up from Rs 62.4 crore in Q1 and a Rs 22.1 crore loss last year. The gross non-performing assets ratio improved to 1.6%, a 301 basis point year-on-year improvement. Assets under management grew 14% to Rs 8,007 crore. Net interest margin rose to 12.5%, and total income increased 12% to Rs 486 crore. Pre-provision operating profit surged 40% to Rs 125 crore. Managing director Sanjay Garyali expects faster growth and aims for 20–25% medium-term AUM growth.
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