Fusion Finance Q2 FY27 Results: Standalone Net Profit ₹86.48 Crore on Total Income of ₹486 Crore
- Earnings
- lending (NBFC microfinance)
Reviewed byRachit TripathiBlacklitt Research
Fusion Finance (NSE: FUSION) reported standalone total income of ₹485.67 crore and net profit of ₹86.48 crore for the quarter ended 30 Sep 2026, it said in a filing on 02 Nov 2026. The statement is unaudited.
Key highlights
Standalone
The company on its own, without its subsidiaries
- Total income: ₹485.67 crore, up 12.2% YoY and 6.0% QoQ
- Net profit and EPS: ₹86.48 crore and basic EPS of ₹5.35, against a net loss of ₹22.14 crore a year before
- Finance costs: ₹150.51 crore, 31.0% of total income
- Impairment on financial instruments: ₹38.51 crore in the quarter
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 485.67 | 432.69 | +12.2% | 458.31 | +6.0% | |
| Revenue from operations | 485.61 | 415.79 | +16.8% | 458.17 | +6.0% |
| Other income | 0.06 | 16.90 | -99.6% | 0.14 | -57.1% |
| 86.48 | -22.14 | n/a | 62.41 | +38.6% | |
| Profit before tax | 86.48 | -22.14 | n/a | 62.41 | +38.6% |
| Finance costs | 150.51 | 134.27 | +12.1% | 149.84 | +0.4% |
| Depreciation | 1.76 | 2.49 | -29.3% | 1.74 | +1.1% |
| Tax expense | 0.00 | 0.00 | n/a | 0.00 | n/a |
| Net profit margin | 17.81% | -5.12% | +22.92 pp | 13.62% | +4.19 pp |
| EPS, basic (₹) | 5.35 | -1.69 | n/a | 3.86 | +38.6% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Profit grew faster than income in the quarter. Standalone net profit was ₹86.48 crore, up 38.6% from ₹62.41 crore in the previous quarter, while total income rose 6.0%. Against the same quarter a year before, the company moved from a net loss of ₹22.14 crore to a profit.
Revenue from operations, not other income, carried the quarter. Revenue from operations rose 16.8% YoY to ₹485.61 crore, while other income fell to ₹0.06 crore from ₹16.90 crore a year before. Other income is 0.1% of profit before tax this quarter.
Finance costs were ₹150.51 crore, 31.0% of total income, up 12.1% from ₹134.27 crore a year before and close to the 12.2% rise in total income. Depreciation fell 29.3% to ₹1.76 crore, and impairment on financial instruments was ₹38.51 crore. Tax expense is nil, so profit before tax equals net profit.
Across the company, profit before tax and net profit for the half year were ₹148.89 crore, with basic EPS of ₹9.22. The Board approved raising MSME lending ticket size limits from ₹25 lakhs to ₹50 lakhs. The company has one business segment, lending, in one geographic segment, domestic.
Inference
The filing describes capital and funding activity. Paid-up equity share capital is ₹161.59 crore at ₹10 face value. The company issued 10,00,000 equity shares to Fusion Employee Benefit Trust as treasury shares and 34,070 equity shares on exercise of employee options, and granted 1,49,600 stock options in the quarter. Rights issue proceeds of ₹799.86 crore are fully utilised, including ₹16.48 crore of right issue expenses and ₹1.07 crore from forfeited partly paid-up shares. All secured NCDs are secured by exclusive first charge by hypothecation of book debt, and the company says it has maintained security cover of at least 100% at all times.
On the loan book, the company transferred 1,422 stressed loan accounts with aggregate principal outstanding of ₹54.16 crore to an Asset Reconstruction Company for ₹35.20 crore. It also transferred 71,572 MFI loans with aggregate amount ₹255.38 crore by assignment for sale consideration of ₹229.84 crore, retaining 10.00% beneficial economic interest. The company has no subsidiary, associate or joint venture.
Not stated: the reason for the MSME ticket size change, the reason no tax expense is shown for the quarter, and any dividend for the period.
Filed with BSE on . Reference: Original filing (PDF)
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