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Fusion Micro Finance Ltd - 543652 - Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper publication of Financial Results for the F.Y. ended March 31, 2024.
07-05-2024
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Q4FY24 Quarterly & FY24 Annual Result Announced for Fusion Micro Finance Ltd.

Finance company Fusion Micro Finance announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: • Total income increased 29.7% YoY from Rs 520.7 Crore to Rs 675.1 Crore • Net interest income (NII) increased 31.5% YoY from Rs 273.8 Crore to Rs 359.9 Crore • Pre-provision operating profit (PPOP) increased 31.5% YoY from Rs 221.1 Crore to Rs 290.7 Crore • Cost of Fund reduced from 10.4% to 10.2% (YoY) • GNPA reduced from 3.0% to 2.8% (QoQ) and NNPA reduced from 0.8% to 0.6% (QoQ) • Write-offs were Rs 75.1 Crore • Profit After Tax (PAT) increased by 15.9% YoY from Rs 114.5 Crore to Rs 132.7 Crore • Healthy capital position with CRAR of 27.5% • Robust liquidity of Rs 1,474.7 Crore of cash & cash equivalents, amounting to 12.5% of the total assets FY24 Financial Highlights: • Asset under Management (AUM) grew 23.5% YoY from Rs 9,296.2 Crore to Rs 11,476.1 Crore • Disbursements grew 19.8% YoY from Rs 8,596.1 Crore to Rs 10,294.4 Crore • Net NPA 0.6% • Borrower base increased from ~35.3 lakh to ~38.6 lakh • 211 branches added in FY24, increasing the total branch network to 1,297 branches across 22 States including 3 Union Territories Commenting on the performance, Devesh Sachdev, MD and CEO said, “We closed a very successful FY24 with the highest ever PAT, consistent growth in AUM, healthy return ratios and overall robust operational and financial metrics. We continue to invest in human capital, technology, network and process efficiencies. This reiterates our commitment to build a responsible and sustainable organization while creating long term value for our shareholders.” Result PDF
07-05-2024
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