Fusion Finance Limited (FUSION) Earnings Call Transcripts

Fusion Finance Limited's Latest Earnings Call - Q4 FY2026

In Q4 FY '26, Fusion Finance Limited reported a significant turnaround with a PAT of INR 114 crores, marking a return to profitability after a loss of INR 1,200 crores in FY '25. Revenue growth was driven by disbursements of INR 2,140 crores, up from INR 1,594 crores in Q3, reflecting strong operational improvements and a focus on portfolio quality. Management maintained its guidance of achieving INR 10,000 crores in AUM by March 2027, indicating confidence in sustainable growth despite external headwinds.

Reported metrics

Guidance from management

Management maintained its guidance for FY '27, targeting INR 10,000 crores in AUM and projecting a credit cost of approximately 2.5%. They expressed confidence in sustaining growth amidst external challenges.

What management said

Thanks, Abhijit. So as you are aware, we were not recognizing DTA as there was a caveat on the going concern. Now we have started the deferred tax asset for the first time after about 4, 5 quarters. Now going forward, it is going to be a BAU as far as deferred tax asset is concerned. And to the extent recoverable and availability, we are going to recognize the DTA every quarter for the year based on the availability....

So Abhijit, the total DTA, as we are aware, is close to around INR 390 crores. So you are aware, we released about INR 77 crores. Now the balance is left, which is -- which in the due course on a pro rata basis. So there is no hurry to consume that. But on a pro rata basis in the next 12 to 18 or 24 months, we will consume as and what the auditor is also comfortable with. But that's the amount that is left to be, let...

What analysts pressed on

Analysts raised concerns about the impact of geopolitical tensions on growth and asset quality, as well as the sustainability of recent improvements in credit costs. There were inquiries about the potential for further rate hikes and the implications for margins moving forward.

Main topics on the call

• Return to Profitability — Fusion Finance reported a PAT of INR 114 crores for Q4 FY '26, a significant recovery from a loss of INR 1,200 crores in FY '25. Management stated, 'Most of this performance has come because of credit cost reducing.'
• Strong Disbursement Growth — Disbursements rose to INR 2,140 crores in Q4, up from INR 1,594 crores in Q3, driven by improved customer selection and operational efficiencies. Management noted, 'Productivity improved materially across both MFI and MS...
• Improved Asset Quality — Gross NPA improved to 3.21% from 4.38% in Q3, while net NPA decreased to 0.51%. Management highlighted, 'These are among the most important validation metrics for our recovery.'
• Credit Cost Normalization — Credit costs have significantly reduced to INR 56 crores from INR 80 crores in the previous quarter, with management projecting a stable state credit cost of 2.5%. They stated, 'The trajectory of credit cost normalizatio...

Read the full Fusion Finance Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 14 Fusion Finance Limited earnings call transcripts on record, spanning November 29, 2022 to August 10, 2026. Based on this history, Fusion Finance Limited reports quarterly. The most recent call on file is dated August 10, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

FUSION

Exchange

NSEI

Country

IN

Sector

Financials

Industry

Consumer Finance

Calls on record

14

First call

November 29, 2022

Most recent

August 10, 2026

Reporting cadence

quarterly