Fusion Finance Stock: Profit mein comeback, par ₹1000 Cr+ Debt ka 'Red Flag'?

BANKINGFINANCE
Whalesbook Logo
AuthorIshaan Verma|Published at:
Fusion Finance Stock: Profit mein comeback, par ₹1000 Cr+ Debt ka 'Red Flag'?
Overview

Bro, Fusion Finance ne Q3 FY26 mein kamaal kar diya! Pichhle losses ko bhula kar company ne **₹14.05 Crore** ka profit report kiya hai. Loan disbursements bhi **23%** badh gaye, par ek badi chinta bhi hai – **₹1,026 Crore** se zyada ke debt par company ne covenant breach kar diya hai!

Q3 FY26: Numbers kya bol rahe hain?

Yaar, Fusion Finance ne apne results mein ekdum se game change kiya hai. Pichhle quarter mein jo ₹22.14 Crore ka loss tha aur pichhle saal Q3 mein toh ₹719.32 Crore ka bada loss tha, uske muqable is baar ₹14.05 Crore ka profit dikhaya hai! Ekdum se recovery hai, boss. Total income ₹424.10 Crore rahi, haan, yeh pichhle saal se thoda 12.11% kam hai, lekin Net Interest Income (NII) 5.89% badhkar ₹236.51 Crore ho gaya.

Operations mein bhi sudhaar, par AUM gir gaya?

Company ne operations ko bhi tight kiya hai. Loan disbursals pichhle quarter se 23% upar hain aur ₹1,594 Crore tak pahunch gaye hain, jo paanch quarters mein sabse zyada hai. Net Interest Margin (NIM) bhi 11.32% ho gaya hai, matlab paise kamane ka rate badha hai. NPA bhi control mein aa rahe hain, Gross NPA 4.38% aur Net NPA sirf 0.63% par hain. Credit cost bhi kam hua hai. Lekin ek badi chinta ye hai ki Assets Under Management (AUM) 35.13% gir kar ₹6,875.84 Crore ho gaya hai, aur active borrowers bhi 36.07% kam ho gaye hain. Company ke paas CRAR 38.80% aur liquidity ₹1,783.27 Crore hai, jo achhi baat hai. Annualised ROA 0.76% aur ROE 2.64% raha.

Sabse Badi Chinta: ₹1000 Crore+ Ka Covenant Breach!

Sabse bada red flag ye hai ki company ne ₹1,026.22 Crore ke borrowings par financial covenants tod diye hain. Haalanki, unhone lenders se ₹1,001.84 Crore ke liye extension le li hai, par yeh ek serious issue hai jise investors ko nazar mein rakhna hoga. Pichhle auditors ke kuch modified conclusions bhi the, jo thoda sawaal khade karte hain.

Aage Kya Hoga?

MD & CEO Mr. Sanjay Garyali ka kehna hai ki woh core fundamentals par focus kar rahe hain aur dhyan se growth karenge. Investors abhi dekhenge ki company profits ko maintain kar paati hai ya nahi, aur kya woh AUM aur borrowers ko wapas track par laa paati hai. Lender relationships ko manage karna covenants ke mamle mein bahut zaroori hoga. New independent director Mr. Brahmanand Hegde ka aana governance ke liye ek positive sign hai.

Disclaimer:This content is for educational and informational purposes only and does not constitute investment, financial, or trading advice, nor a recommendation to buy or sell any securities. Readers should consult a SEBI-registered advisor before making investment decisions, as markets involve risk and past performance does not guarantee future results. The publisher and authors accept no liability for any losses. Some content may be AI-generated and may contain errors; accuracy and completeness are not guaranteed. Views expressed do not reflect the publication’s editorial stance.