Fusion Finance Limited has informed the Exchange regarding a press release dated November 04, 2025, titled "Press release on Financial Results for Q2 & H1 FY26".
FUSION · price
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Fusion Finance reported a sharp reduction in losses for Q2 FY26, with loss after tax falling to ₹22 crore from ₹92 crore in Q1 FY26, alongside 37% QoQ growth in disbursements to ₹1,298 crore. AUM stood at ₹7,038 crore serving 25.8 lakh borrowers across 1,545 branches, while Net Interest Margin improved to 10.85% and Gross NPA declined to 4.61% from 5.43%. The company has a strong capital adequacy position (CRAR 31.31%) and ₹892 crore in liquid assets. The Board approved issuance of ₹100 crore in secured NCDs at 11% via private placement and a broader enabling approval for up to ₹1,000 crore in NCDs across tranches. The Board also fixed November 11, 2025 as the record date for the first and final call (₹65.50 per share) on partly paid-up equity shares from the rights issue. Founder Director Mr. Devesh Sachdev resigned with immediate effect, with the Board waiving his right to nominate an executive director. Auditors flagged a going concern uncertainty due to financial covenant breaches on borrowings of ₹2,076.78 crore, though extensions have been obtained from most lenders.
The sharply reduced quarterly loss, improving asset quality, and rising disbursements are positive signals indicating the company is on a recovery path, though the going concern qualification and lender covenant breaches remain key risks. Shareholders should note the upcoming call money payment on rights issue partly paid shares. The founder's exit may create short-term governance concerns but could also enable a cleaner strategic reset under the new MD & CEO.