Sanjay Garyali, MD & CEO, Fusion Finance
Warburg Pincus-backed Fusion Finance has reported a net profit of ₹62 crore in the June quarter against a net loss of ₹92 crore logged in the same period last year.The company’s profitability in the Q1 of last year was impacted by impairment charges of ₹179 crore.Loan disbursements jumped 88 per cent in the June quarter of this fiscal to ₹1,783 crore, reflecting a sustained pick-up in business momentum and demand.The gross NPA eased to 2.51 per cent from 3.21 per cent y-o-y while credit cost declined to ₹40 crore, marking the seventh consecutive quarter of reduction.Sanjay Garyali, MD and CEO of Fusion Finance, said the simultaneous improvement in profitability, asset quality and growth validates the disciplined approach to underwriting, risk management and execution.As customer leverage continues to moderate and capital position remains strong, the company is well placed to scale responsibly. Going forward, the company remains focused on technology-led operating efficiency, prudent portfolio expansion and creating sustainable long-term value for all stakeholders, he said.The assets under management grew to ₹7,702 crore, reflecting the company’s return to calibrated portfolio expansion. Net interest margin expanded to 12 per cent (10 per cent) y-o-y, aided by a lower cost of funds and improving portfolio quality. The capital adequacy ratio was at 37 per cent and liquidity at ₹1,880 crore.Fusion Finance continues its digital transformation journey with the beginning of an enterprise-wide rollout of its Loan Management System in a phased manner, alongside deployment of AI-enabled capabilities aimed at strengthening compliance, lowering cost-to-serve, reducing operational fraud and enabling fully digital customer onboarding.The financial performance in the June quarter marks Fusion Finance’s transition from stabilisation to sustainable growth, with continued improvement across profitability, portfolio quality, capital strength and operating efficiency positioning the company for disciplined expansion.Published on August 10, 2026
