Fusion Finance Limited has informed the Exchange about General Updates
FUSION · price
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On the reaction day the stock moved 10.4 pts less than Nifty Microcap 250 and 10.6 pts less than its Finance peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Fusion Finance Limited reported its audited financial results for Q4 and FY2026 ended March 31, 2026. The company recorded total income of ₹2,422.78 crore, down from ₹2,368.89 crore in the previous year. The loss after tax narrowed significantly to ₹165.16 crore from ₹1,223.26 crore in FY2025, representing an 86.5% improvement in profitability. The statutory auditors B.K. Khare & Co. issued an unmodified opinion on the current year's results. The auditors noted in 'Other Matters' that predecessor auditors Deloitte had issued a qualified opinion on FY2025 regarding expected credit loss allowances. The company also disclosed covenant breaches on borrowings of ₹101.64 crore and is in discussions with lenders for extensions. The board approved re-appointment of MD & CEO Sanjay Garyali and issuance of 10 lakh shares to the employee benefit trust under ESOP 2023.
The massive reduction in net loss from over ₹1,200 crore to ₹165 crore signals strong operational recovery and improving credit quality, which should be positive for shareholders despite the qualified opinion on prior year numbers and ongoing covenant breach negotiations.