The lender’s web loss stood at Rs 165 crore for the fourth quarter of FY25, as in contrast with a web revenue of Rs 133 crore within the year-ago interval, owing to increased provisions to cowl dangerous loans. It put aside Rs 255 crore through the quarter as in contrast with Rs 119 crore earlier.
Pre-provision working revenue for the quarter below evaluate stood 69% decrease at Rs 90 crore in opposition to Rs 291 crore within the year-ago interval.
Internet curiosity margin was at 8.57% as in contrast with 11.59% over the identical interval. Its curiosity earnings at Rs 4,449 crore was 22% decrease year-on-year, in step with squeezed enterprise quantity.
Fusion had reported a web lack of Rs 36 crore within the first quarter, Rs 305 crore within the second quarter and Rs 719 crore within the third quarter of FY25. Provision was the best through the third quarter at Rs 572 crore.
Consequently, Fusion’s annual web loss stood at Rs 1,225 crore as in contrast with Rs 505 crore web revenue within the previous fiscal.The corporate breached varied monetary covenants in respect of borrowings amounting to Rs 4,763 crore as of March 31, 2025. Subsequently, these borrowings develop into repayable on demand. The corporate has obtained extension from its lenders for these breaches for borrowings of Rs 4,080 crore. It’s in dialogue with the remaining lenders to acquire comparable extensions, the corporate administration mentioned in a regulatory submitting to the inventory exchanges.The corporate holds money and money equivalents and liquid belongings aggregating Rs 798 crore.
“The corporate stays dedicated to enhancing restoration efforts on the subject stage and is assured of reaching higher outcomes. Any subsequent recoveries can be recognised as earnings and credited to the assertion of revenue and loss within the interval of restoration,” managing director Devesh Sachdev mentioned.
The lender’s gross non-performing belongings ratio stood at 7.92% on the finish of March in opposition to 2.89% a 12 months again. Gross NPA was at 12.6% on the finish of December 2024. The ratio got here down sequentially as a result of accelerated write-off of dangerous loans to the tune of Rs 405 crore through the quarter.
Fusion’s belongings below administration dipped 22% year-on-year to Rs 8,980 crore on the finish of FY25 from Rs 11,476 crore because it slowed disbursal to forestall additional worsening of asset high quality.
Its capital adequacy ratio stood at 22.4%, nicely above the regulatory stipulation.
