Fusion Finance

Profit after tax swung from a ₹92 Cr loss in Q1 FY26 to ₹114 Cr in Q4 FY26, marking a clear earnings turnaround.

Active MSME customers fell from 20,322 in Q1 FY26 to 19,287 in Q4 FY26, signaling a shrinking borrower base.

Gross NPA ratio fell from 5.43% in Q1 FY26 to 2.51% in Q1 FY27, reflecting stronger portfolio health.

PAR 30 to PAR 60 flow rate declined from 66.43% in Q2 FY26 to 51.7% in Q1 FY27, weakening mid-stage collections.

Marginal cost of borrowing dropped from 13.3% in Q1 FY26 to 10.1% in Q1 FY27, lowering incremental funding expenses.

Total income dropped from ₹445.57 Cr in Q1 FY26 to ₹308.47 Cr in Q1 FY27, pressuring top-line growth.

Cost to income ratio improved from 70.8% in Q1 FY26 to 66.9% in Q1 FY27, showing better operational efficiency.

Net NPA ratio rose from 0.19% in Q1 FY26 to 0.47% in Q1 FY27, requiring closer credit monitoring.

MSME AUM grew from ₹684 Cr in Q1 FY26 to ₹796 Cr in Q1 FY27, expanding the secured loan book.

PAR 60 to PAR 90 flow rate fell from 74.57% in Q2 FY26 to 60.7% in Q1 FY27, indicating slower late-stage recoveries.