Fusion Microfinance

Fusion Finance stays in red with Q2 net loss of Rs 305 cr; GNPA hits 9.4%

Its impairment for financial instruments, that is credit costs, shot up to Rs 694.05 crore in Q2Fy25 from Rs 76.2 crore in Q2FY24 and Rs 348.47 crore in Q1FY25

Why have microfinance stocks hit 52-week lows today? Check details here

The microfinance industry is currently facing a significant rise in delinquencies, primarily driven by increasing borrower indebtedness, apart from other factors.

Fusion Finance stock tanks 20%, hits 52-week low on weak Q1 results

The company reported a net loss of Rs 35.62 crore in June 2024 quarter due to higher than usual provisioning.

Fusion Micro Finance surges 8% after 10% equity change hands on BSE

Till 09:24 AM; around 10.30 million equity shares representing 10.2 per cent of total equity of Fusion had changed hands on the BSE, the exchange data shows.

Fusion MicroFinance plans to cut its bank funding share to 55-60%

The first focus for the Gurugram-based BSE listed lender is to bring down the share of bank funding in resources to 76-77 per cent in the near term

Fusion Micro Finance Q2 results: Net profit jumps 32% to Rs 126 cr

Fusion Micro Finance on Monday reported a 32 per cent increase in net profit to Rs 126 crore in the second quarter ended September 2023, mainly driven by higher interest income. The microfinance entity had posted a net profit of Rs 95 crore in the same quarter a year ago. Its total income increased to Rs 571.26 crore in the second quarter against Rs 452.3 crore in the year-ago period, Fusion Micro Finance said in a regulatory filing. The interest income improved to Rs 496.80 crore from Rs 399.76 crore in the same quarter of the previous financial year. Net interest income (NII) increased 26.33 per cent to Rs 304.54 crore from Rs 241.07 crore in the same quarter a year ago. Its asset under management (AUM) grew by 25 per cent to Rs 10,026 crore compared to Rs 8,047 at the end of September 2022. The capital adequacy ratio of the firm further improved to 28.78 per cent as against 20.97 per cent at the end of September 30, 2022.

Fusion Micro, Spandana: Rally in MFI stocks has more legs, say analysts

Analysts expect the sector to see strong loan growth in FY24 and FY25 driven by increase in ticket sizes, strong customer acquisitions, and regulatory tailwinds

Fusion Microfinance sees asset growth moderating as pent-up demand tapers

Expects to NIMs to improve to 11.3-11.5% from 10.3%

Fusion hits highest level since debut; soars 29% from listing day low

On December 9, rating agency ICRA upgraded its credit rating on the company to A/Stable from 'A- / Stable'

Fusion Micro Finance reported multifold jump in Q2 profit at Rs 95 crore

Fusion Micro Finance has reported a multi-fold jump in net profit to Rs 95 crore for the second quarter ended September 30, mainly driven by higher interest income. The recently listed microfinance entity had posted a net profit of Rs 3.2 crore in the same quarter a year ago. This is the first quarterly number published by the company after it was listed on the stock exchanges on November 15. Its total income increased by 69.34 per cent to Rs 452.3 crore in the second quarter against Rs 267.1 crore in the year-ago period, Fusion Micro Finance said in a statement on Tuesday. The net interest income (NII) doubled to Rs 241 crore from Rs 110.4 crore in the same quarter of the previous financial year. Its asset under management (AUM) grew 54.46 per cent to Rs 8,047.1 crore compared to Rs 5,209.7 at the end of September 2021. "Profit After Tax (PAT) increased by 2,860.35 per cent year-on-year from Rs 32.11 million to Rs 950.57 million, delivering the highest quarterly PAT till date,"

Fusion Micro Fin makes dull debut, Inox Green IPO subscribed 1.55x & more

Fusion Micro Finance made a dull debut on November 15, despite a confident market sentiment

Sensex jumps 249 pts on late buying, Nifty tops 18,400; Airtel, ICICI lead

CLOSING BELL: A late rally in the market, helped the benchmark indices end the rather lacklustre day with notable gains. Debutant Fusion MicroFinance ended at a 12 per cent discount to issue price.

Fusion MicroFinance debuts on a weak note; sheds 9% against issue price

The stock tumbled over 9 per cent to Rs 334.40 as against the issue price of Rs 368 per share on the BSE and the NSE in morning trade on Tuesday.

Stocks to Watch: Fusion MicroFinance, Srei, IRCTC, Apollo Tyres, LTI, Paytm

Stocks to Watch Today: Fusion MicroFinance set for its market debut today. Meanwhile, in the F&O segment, BHEL, GNFC, PNB and Sun TV Network are ban period on Tuesday.

Fusion microfinance subscribed 3x on Day-2 on strong institutional support

Medanta Hospitals IPO subscribed 36% on day-2, Bikaji Foods by 1.5 times

Fusion Micro Finance IPO subscribed 29% on Day 2 of offer: NSE data

The initial public offering of Fusion Micro Finance was subscribed 29 per cent on the second day of subscription on Thursday. The IPO received bids for 61,45,560 shares against 2,13,75,525 shares on offer, according to NSE data. The category meant for non-institutional investors was subscribed 61 per cent and Retail Individual Investors (RIIs) part attracted 31 per cent subscription. The IPO has a fresh issue of up to Rs 600 crore and an offer for sale of up to 1,36,95,466 equity shares. Price range for the offer is at Rs 350-368 a share. On Tuesday, Fusion Micro Finance said it has raised a little over Rs 331 crore from anchor investors. The company is expected to raise Rs 1,104 crore at the upper end of the price band. Net proceeds of the fresh issue will be used to augment the capital base of the microfinance firm. IIFL Securities, ICICI Securities, CLSA India and JM Financial are the mangers to the offer.

Fusion Micro Finance IPO receives 12% subscription on Day 1 of offer

The initial public offering of Fusion Micro Finance was subscribed 12 per cent on the first day of subscription on Wednesday. The IPO received bids for 26,04,560 shares against 2,13,75,525 shares on offer, according to an update on the NSE. The non-institutional investors category received 23 per cent subscription and Retail Individual Investors (RIIs) portion was subscribed 14 per cent. The Initial Public Offering (IPO) has a fresh issue of up to Rs 600 crore and an offer for sale of up to 1,36,95,466 equity shares. The offer has a price range of Rs 350-368 a share. Fusion Micro Finance on Tuesday said it has raised a little over Rs 331 crore from anchor investors. The company is expected to raise Rs 1,104 crore at the upper end of the price band. Net proceeds of the fresh issue will be used to augment the capital base of the microfinance firm. IIFL Securities, ICICI Securities, CLSA India and JM Financial are the managers to the offer.

IPO watch: DCX issue subscribed nearly 70 times on strong QIB interest

Price band set at Rs 197-207; No institutional takers for Fusion microfinance on opening day

Busiest week for IPOs this year with four offers set to hit market

The last time four IPOs had hit market was in Dec 2021; latest rush notwithstanding, year 2022 has been lukewarm for IPOs with sustained FPI outflows, spike in volatility, correction in broader mkts

Fusion Micro Finance's IPO opens Nov 2, price band Rs 350-368 a share

IPO consists of fresh equity of Rs 600 cr, OFS of 13.69 million shares