Fusion Finance swings to Rs 86.5 crore profit as asset quality improves
A quarterly results development with market-wide reach.
· ET Stocks, Economic Times Markets
Fusion Finance reported a net profit of Rs 86.5 crore in Q2, reversing a year-ago loss of Rs 22.1 crore. Gross NPAs improved to 1.6%, AUM grew 14%, and NIM expanded to 12.5%.
The analysis
This is an Asset quality / margins event. For lenders the headline profit is the least informative line. Slippages, credit cost and margin direction determine whether the quarter is repeatable.
Related coverage
Reliance Industries shares set for biggest-single day jump since April 2020 as Q2 earnings spark Rs 1 lakh crore rally
Ratnaveer Precision surges 8% on healthy Q2; zooms 200% from March low
SBI Q2 preview: NII to rise 11-13%; margin to hold on lower FCNR(B) flows
Marico Q2 Results: Profit Jumps 31%, 200-Bps Margin Expansion Is The Key Highlight
Massive surge! Reliance Industries shares up 12% after Q2; add ₹2 lakh cr in mcap — when did RIL last rally this much?