MARKETS 1h ago
Fusion Finance swings to Rs 86.5 crore profit as asset quality improves
Economic Times Stocks
Published 02 Nov 2026, 02:43 pm IST
ETMarkets.comThe lender managed to bring down the gross non-performing assets ratio to 1.6% at the end of September, improving about 301 basis points year-on-year, while it grew assets under management 14% to Rs 8007 crore.
Fusion's net interest margin (NIM) improved to 12.5%, expanding 167 bps year-on-year.
Its total income rose about 12% year-on-year at Rs 486 crore while pre-provision operating profit surged 40% at Rs 125 crore.
Fusion expects faster business expansion going forwards. "We expect growth momentum to improve in Q3 and remain committed to our medium-term AUM growth ambition of 20–25%," managing director Sanjay Garyali said.
Originally reported by Economic Times Stocks.Source: economictimes.indiatimes.com
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