Fusion Finance Q1 profit at Rs 62 cr; aims for Rs 10,000 cr AUM by FY27-end

Mumbai, Aug 10 (PTI) Fusion Finance on Monday reported Rs 62 crore profit after tax in the first quarter of the financial year 2026-27, on the back of improvement in net interest margins (NIM) and better asset quality.

In the year-ago period, the non-bank lender had reported a loss of Rs 92 crore.

The company’s core net interest income increased by 6 per cent quarter-on-quarter to Rs 236 crore in the June quarter, driven by an expansion in the net interest margin at 11.93 per cent from 10.29 per cent and a flat assets under management which stood at Rs 7,702 crore as of June 30.

“We have already given guidance of Rs 10,000 crore. We expect approximately 45 per cent of disbursements to happen in H1 and 55 per cent in H2, and we are on track for

that. We expect to achieve this despite stricter guardrails, while collection efficiency continues to remain above 99.7 per cent. There will be no compromise on asset quality,” Sanjay Garyali, managing director and chief executive officer of Fusion Finance, told PTI.

The company has reported a strong year-on-year growth of 88 per cent in its disbursements to Rs 1,783 crore in the reporting quarter, from Rs 950 crore in the year-ago period.

The company’s credit cost declined by 78 per cent year-on-year to Rs 40 crore in the June 2026 quarter, from Rs 179 crore in a similar quarter last year.

Asset quality strengthened further with gross non-performing asset (NPA) ratio improving to 2.51 per cent in Q1FY27 from 3.21 per cent in Q4FY26. PTI MSU AA MR