Fusion Finance Ltd (NSE:FUSION)

Q2 2025 Fusion Finance Ltd Earnings Call Transcript

Nov 16, 2024 / 07:30 AM GMT

Transcript

Key Points

Positve

Fusion Finance Ltd (NSE:FUSION) maintains a strong balance sheet with a capital adequacy of 24.4% as of September 2024.
The company has robust liquidity, with approximately INR 1,700 crore available as of Q2 FY25.
Fusion Finance Ltd has implemented a customer loyalty program that has shown early positive signs of improving customer attendance.
The company has tightened its credit criteria, reducing new customer onboarding to ensure a quality portfolio.
Fusion Finance Ltd is actively working on a rights issue of up to INR 550 crore to strengthen its financial position.

Negative

The company reported a significant increase in credit costs for Q2 FY25, amounting to INR 693 crore, higher than the previously estimated INR 500-550 crore.
There are covenant breaches that require waivers, and the company is in discussions with lenders and rating agencies to address these issues.
Fusion Finance Ltd has experienced elevated levels of stress in asset quality, particularly in certain states like Jharkhand, Orissa, and Rajasthan.
The company's gross NPA stands at 9.41%, and net NPA at 2.41%, indicating asset quality challenges.
There is a noted decline in disbursements, dropping to INR 1,661 crore from INR 2,987 crore in Q1, reflecting tightened credit criteria and market conditions.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

FUSN.NS - Fusion Finance Ltd
Q2 2025 Fusion Finance Ltd Earnings Call
Nov 16, 2024 / 07:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to Fusion Finance Limited Q2 FY25 earnings conference call as a reminder, all parts lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call? Please signal an operator by pressing star then zero on your Touchstone phone. Please note that this conference is being recorded from the management. Today. We have Mr Devesh Sach MD and CEO Mr Gore Gav Maheshwari CFO, Mr Sunil Mundra COO of the MF I Business, Mr Tarun Mahendra, head customer loyalty program and new initiatives. And Mr Deepak Madan company secretary and Chief Compliance Officer, we will have opening comments from

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