Fusion Finance (NSE:FUSION) Operating Income: ₹2,284 Mil (TTM As of Mar. 2026)

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NSE:FUSION Fusion Finance Ltd NSE:FUSION
62 GF Score
Price ₹219.81
GF Value ₹135.31
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Fusion Finance Operating Income?

Fusion Finance NSE:FUSION -3.49% 62 Operating Income is ₹2,284 Mil as of Mar. 2026. GuruFocus rates NSE:FUSION with a GF Score™ of 62/100 and a GF Value™ of ₹135.31 (Significantly Overvalued). The stock has 9 warning signs investors should review.

Fusion Finance's Operating Income for the three months ended in Mar. 2026 was ₹577 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹2,284 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Fusion Finance's Operating Income for the three months ended in Mar. 2026 was ₹577 Mil. Fusion Finance's Revenue for the three months ended in Mar. 2026 was ₹3,721 Mil. Therefore, Fusion Finance's Operating Margin % for the quarter that ended in Mar. 2026 was 15.50%.

Warning Sign:

Fusion Finance Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -11.4%.

Fusion Finance's 5-Year average Growth Rate for Operating Margin % was -11.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fusion Finance's annualized ROC % for the quarter that ended in Mar. 2026 was 3.67%. Fusion Finance's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 939.03%.

Fusion Finance  (NSE:FUSION) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Fusion Finance's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=2307.2 * ( 1 - 0% )/( (0 + 62899.2)/ 1 )
=2307.2/62899.2
=3.67 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=0 - 0 - ( 0 - max(0, 0 - 0+0))
=0

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=82948 - 434.4 - ( 19650.2 - max(0, 35026 - 54640.4+19650.2))
=62899.2

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Fusion Finance's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2307.2/( ( (0 + max(0, 0)) + (245.7 + max(-1395.2, 0)) )/ 1 )
=2307.2/( ( 0 + 245.7 )/ 1 )
=2307.2/245.7
=939.03 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(74 + 0 + 1009.9) - (434.4 + 0 + 2044.7)
=-1395.2

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Fusion Finance's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=576.8/3720.9
=15.50 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Fusion Finance Operating Income Related Terms

Fusion Finance Operating Income Historical Data

* Premium members only.

The historical data trend for Fusion Finance's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Fusion Finance Operating Income Chart

Fusion Finance Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial 2,549.04 5,227.90 7,530.90 5,332.90 1,631.70

Fusion Finance Quarterly Data
Mar21 Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 713.10 632.80 524.30 549.60 576.80
NSE:FUSION
62GF Score
Fusion Finance Ltd NSE:FUSION
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fusion Finance Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹2,284 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of ₹2,284 Mil mean?
Fusion Finance (NSE:FUSION) has a Operating Income of ₹2,284 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Fusion Finance and its competitors.
Is Fusion Finance's Operating Income too high?
Fusion Finance's current Operating Income is ₹2,284 Mil. Overall, Fusion Finance has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fusion Finance's Operating Income compare to V and MA?
Fusion Finance's Operating Income of ₹2,284 Mil can be compared against companies in the Credit Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Credit Services company?
A good Operating Income depends on the Credit Services industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Fusion Finance and its competitors. Fusion Finance's current Operating Income is ₹2,284 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fusion Finance stock overvalued right now?
Based on GuruFocus' analysis, Fusion Finance (NSE:FUSION) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹135.31, compared to a current price of ₹219.81 — trading 62.4% above its estimated fair value. The current Operating Income is ₹2,284 Mil. Fusion Finance's overall GF Score™ is 62/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Fusion Finance (NSE:FUSION), the current Operating Income is ₹2,284 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Fusion Finance (NSE:FUSION) Overvalued in 2026?

Based on GuruFocus' analysis, Fusion Finance stock appears to be overvalued. The current stock price of ₹219.81 is trading 62.4% above its estimated GF Value™ of ₹135.31. GuruFocus considers Fusion Finance to be Significantly Overvalued.

Key valuation signals for NSE:FUSION:

  • Operating Income: ₹2,284 Mil
  • GF Value™: ₹135.31 vs. price of ₹219.81 (62.4% above fair value)
  • GF Score™: 62/100 with 9 warning signs

No single metric tells the full story. See the NSE:FUSION stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Fusion Finance Business Description

Other Exchanges 543652:India
Address Plot No. 86, Institutional Sector - 32, Gurugram, HR, IND, 122001
Fusion Finance Ltd is engaged in microfinance lending activities, providing financial services to poor women in India who are organized as Joint Liability Groups (JLGs). Apart from microfinance lending, the company also has lending to MSME enterprises. It uses its distribution channel to provide other financial products and services to the members related to providing of loans to the members for the purchase of certain productivity-enhancing products such as mobile handsets, and bicycles.
62GF Score

Get the complete analysis for NSE:FUSION

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹219.81
Price
₹135.31
GF Value