Fusion Micro Finance Limited - Q4 FY23, FY2022-23 Business Update

Fusion Micro Finance Limited has announced the business updates for Quarter & Year ended 31st March, 2023:

Asset Under Management: AUM grew 37% YoY to INR 9,296 crores as on 31st March 2023 as compared to INR 6,786 crores as on 31st March 2022.

Borrowers: No. of Borrowers witnessed 29% YoY growth at ~3.5 million as on 31st March, 2023 as compared to ~2.7 million as on 31st March, 2022.

Disbursement: Disbursement grew 39% YoY to INR 8,596 crores during FY 2022-23 as compared to INR 6,180 crores during FY2021-22.

Geographies: Geographical reach expanded by entering 2 new states during FY2022-23, totalling our business presence in 20 states. Total No. of Branches grew 16% YoY at 1,086 branches as on 31st March, 2023 as compared with 934 branches as on 31st March, 2022.

Liquidity: The Company continues to have ample liquidity as on 31st March 2023. We have continued strong growth momentum during Quarter and Year ended 31st March, 2023. This sets us on course to continue our growth trajectory with focus on Asset Quality and Profitability.

The above information is based on unaudited provisional numbers and subject to be audited by statutory auditors of the company.

Shares of Fusion Micro Finance Limited was last trading in BSE at Rs. 412.20 as compared to the previous close of Rs. 402.20. The total number of shares traded during the day was 14716 in over 1832 trades.

The stock hit an intraday high of Rs. 418.50 and intraday low of 395.15. The net turnover during the day was Rs. 6014080.00.

Source : Equity Bulls

Keywords

FusionMicroFinance INE139R01012 NBFC NonBankingFinanceCompany Q4FY23 FY2023 BusinessUpdate