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Buy Fusion Micro Finance For Target Rs 720 -JM Financial Institutional Securities Ltd Fusion reported an in-line operating quarter with PPOP at INR 2.35bn (+6.5% QoQ, +96% YoY) driven by a) healthy AUM growth of +4.5% QoQ, +31% YoY, aided by robust disbursements (+15% YoY), b) 32bps QoQ NIMs expansion to 10.9% and c) higher other income (+30% QoQ) driven by cross-sell, despite slightly elevated opex levels (+7% QoQ, +38% YoY). However, PAT was at INR 1.2bn (+5% QoQ) impacted by higher provision costs (3.2% annualised) driven by a) high write-offs of INR 0.6bn and b) increase i...
Buy Fusion Micro Finance For Target Rs 720 -JM Financial Institutional Securities Ltd
Buy Fusion Micro Finance For Target Rs 720 -JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities
13/08/2023 3:54:27 PM
Buy Fusion Micro Finance For Target Rs 720 - Motilal Oswal Financial Services Ltd * Fusion Microfinance (Fusion) is the second largest NBFC-MFI in India having an AUM of ~INR93b as of Mar’23. It’s AUM has reported a 43% CAGR over FY18-FY23 (v/s micro-credit industry CAGR of 21%). Fusion has a diversified presence across 20 states (including two UTs) with a distribution network of over 1,086 branches. The company is likely to benefit from the cyclical recovery in the MFI sector and also from the harmonized MFI guidelines, which were published esarlier in Mar&rsq...
Buy Fusion Micro Finance For Target Rs 720 - Motilal Oswal Financial Services Ltd
Buy Fusion Micro Finance For Target Rs 720 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
17/07/2023 3:36:26 PM
Buy Fusion Micro Finance For Target Rs 605 -JM Financial Institutional Securities Ltd Strong momentum continues; creates additional mgmt. overlay   Fusion exhibited an all-round performance: a) healthy AUM growth of +7.4% QoQ, 37% YoY, aided by robust disbursements (+8.4% QoQ), b) strong operating profits (+58% YoY, 15% QoQ) driven by high NII growth (+11% QoQ) and NIMs at 10.6% (+26bps QoQ) and c) improvement in collection efficiency across geographies resulting in improved asset quality with GNPL/NNPL at 3.46%/0.87% (-23bps/-11bps QoQ). Management expects this tre...
Buy Fusion Micro Finance For Target Rs 605 -JM Financial Institutional Securities Ltd
Buy Fusion Micro Finance For Target Rs 605 -JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities
9/06/2023 3:14:14 PM
Fusion Micro Finance Q4 net profit zooms 767.58% at Rs 114.52 cr The company reported standalone net profit of Rs 114.52 crore for the quarter ended March 31, 2023 as compared to Rs 13.20 crore in the same period last year, registering a year-on-year growth of 767.58 per cent. Net revenue of the company rose substantially by 42.92 per cent at Rs 500.89 crore in January-March quarter of this fiscal as against Rs 350.47 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 12.09 per cent to Rs 192.23 cror...
Fusion Micro Finance Q4 net profit zooms 767.58% at Rs 114.52 cr
Fusion Micro Finance Q4 net profit zooms 767.58% at Rs 114.52 cr
Source: Dion Global Services Ltd
23/05/2023 3:39:03 PM
Fusion Micro Finance rises on planning to raise up to Rs 145 crore through NCDs Fusion Micro Finance is currently trading at Rs. 341.00, up by 3.90 points or 1.16% from its previous closing of Rs. 337.10 on the BSE. The scrip opened at Rs. 338.10 and has touched a high and low of Rs. 348.55 and Rs. 338.10 respectively. So far 17602 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 364.35 on 15-Nov-2022 and a 52 week low of Rs. 321.40 on 15-Nov-2022. Last one week high and low of the scr...
Fusion Micro Finance rises on planning to raise up to Rs 145 crore through NCDs
Fusion Micro Finance rises on planning to raise up to Rs 145 crore through NCDs
Source: Accord Fintech
24/11/2022 11:56:10 AM
Fusion Micro Finance lists with 2.04% discount on the BSE Fusion Micro Finance has debuted at Rs 360.50 on the BSE, down by 7.50 points or 2.04% from its issue price of Rs 368. The scrip is currently trading at Rs 349.40, down by 18.60 points or 5.05% from its issue price. It has touched a high and low of Rs 364.35 and Rs 345.00 respectively. So far 2.65 lakh shares were traded on the counter. The offering, which was open for subscription between November 02, 2022 and November 4, 2022 was subscribed 2.95 times. The issue price was fixed at Rs ...
Fusion Micro Finance lists with 2.04% discount on the BSE
Fusion Micro Finance lists with 2.04% discount on the BSE
Source: Accord Fintech
15/11/2022 10:49:30 AM
IPO Note : Fusion Micro Finance Limited By Anand Rathi Shares and Stock Brokers Company Description Fusion micro finance limited provides financial services to unserved and underserved women in rural and peri-rural areas across India. Company’s network and services have improved accessibility to formal credit at affordable prices, thereby positively impacting the lives of their customers in rural India, and they were one of the youngest companies (in terms of getting an NBFC-MFI license) among the top NBFC-MFIs in India in terms of AUM as of June 30, 2022. Key pill...
IPO Note : Fusion Micro Finance Limited By Anand Rathi Shares and Stock Brokers
IPO Note : Fusion Micro Finance Limited By Anand Rathi Shares and Stock Brokers
Source: Anand Rathi Shares and Stock Brokers Ltd
2/11/2022 2:35:22 PM
IPO Note - Fusion Micro Finance Ltd By Swastika Investmart Incorporated in 1994, Fusion Micro Finance Ltd. works with female entrepreneurs that are part of the economically and socially underprivileged portion of society to provide them with financial services. The company's obligations extend beyond only providing financial assistance; they also include educating its clients about financial literacy so that they can better manage their money. Fusion Micro Finance Ltd is one of the youngest companies (in terms of getting an NBFC-MFI licence) amon...
IPO Note - Fusion Micro Finance Ltd By Swastika Investmart
IPO Note - Fusion Micro Finance Ltd By Swastika Investmart
Source: Swastika Investmart Ltd
2/11/2022 12:05:32 PM
IPO Note: Fusion Micro Finance Ltd By Swastika Investmart Fusion Micro Finance : SUBSCRIBE Incorporated in 1994, Fusion Micro Finance Ltd. works with female entrepreneurs that are part of the economically and socially underprivileged portion of society to provide them with financial services. The company's obligations extend beyond only providing financial assistance; they also include educating its clients about financial literacy so that they can better manage their money. Fusion Micro Finance Ltd is one of the youngest companies (in terms ...
IPO Note: Fusion Micro Finance Ltd By Swastika Investmart
IPO Note: Fusion Micro Finance Ltd By Swastika Investmart
Source: Swastika Investmart Ltd
1/11/2022 4:52:36 PM
IPO Note : Fusion Micro Finance Ltd By Nirmal Bang Fusion Micro Finance Ltd : Subscribe Incorporated in 2010, Fusion Micro Finance has the fastest gross loan portfolio CAGR of 37% between FY20-22 among listed NBFC-MFIs in India. As of June 30, 2022 its total AUM was Rs. 7,389 Cr of which 91% is represented by rural areas. Its robust underwriting processes have resulted in healthy portfolio quality indicators with GNPA/NNPA at 3.7%/1.4% resulting in healthy ROA/ROE of 4.2%/21.8% for Q1FY23. Objects and Details of the Issue: The publ...
IPO Note : Fusion Micro Finance Ltd By Nirmal Bang
IPO Note : Fusion Micro Finance Ltd By Nirmal Bang
Source: Nirmal Bang Ltd
1/11/2022 2:55:18 PM
IPO Note : Fusion Micro Finance Ltd By Religare Broking Key Highlights * Company Background: Fusion Micro Finance provides financial services to unserved and underserved women in rural and peri-rural areas across India. It is one of the youngest companies in terms of getting an NBFC-MFI license and among the top NBFC-MFIs in India in terms of AUM as of June 30, 2022. They currently have 2.9 mn active borrowers and a network of 966 branches and 9,262 permanent employees spread across 377 districts in 19 states and UT in India. * Microfinance ...
IPO Note : Fusion Micro Finance Ltd By Religare Broking
IPO Note : Fusion Micro Finance Ltd By Religare Broking
Source: Religare Broking Ltd
31/10/2022 3:44:28 PM
Warburg eyes 30% stake in Indian shadow bank Vistaar for $150 million New York-based private equity firm Warburg Pincus LLC is in talks to invest around $150 million in Indian small-business lender Vistaar Finance, two sources familiar with the matter told Reuters, marking its latest bet in a booming lending market. Warburg's discussions with Vistaar are for a 30% stake in the shadow lender, the two sources said. Deal talks are at an advanced stage and will value Vistaar at roughly $450 million, said one of the sources. Businesses like Vistaar in Indi...
Warburg eyes 30% stake in Indian shadow bank Vistaar for $150 million
Warburg eyes 30% stake in Indian shadow bank Vistaar for $150 million
Source: Reuters
16/09/2022 1:16:17 PM