Fusion Finance Ltd

Q4 FY26Finance

Fusion Finance Q4 FY26 earnings call: Revenue & Margins

Q4 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹200

Market cap₹3.4K Cr

P/E244.8

Updated23 Aug 2026

Read4 min read

What the Q4 FY26 call signalled

1 of 4 strong

RevenueModerate growth

MarginMargins steady

FundraiseFundraise planned

Order bookOrder book flat

The short version

Fusion Finance targets an AUM (Assets Under Management) of INR 10,000 crores by March 2027, indicating strong growth aspirations. PAT growth is expected due to credit cost reduction and AUM growth starting Q1 FY27, with real acceleration from Q2 onwards.

From Fusion Finance Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Moderate growth

Fusion Finance targets an AUM (Assets Under Management) of INR 10,000 crores by March 2027, indicating strong growth aspirations.
From Q1 FY27, average AUM growth will start reflecting positively in Net Interest Income (NII) and Pre-Provision Operating Profit (PPOP), with real acceleration expected from Q2.
Disbursements in Q4 FY26 saw strong sequential growth, with momentum attributed to better customer segment identification and increased automation.
The company plans calibrated book growth driven by improved client onboarding, retention, and branch-level operating efficiencies.
New client disbursement contribution is increasing, with 37% currently from new borrowers, striving towards 40% in FY27.
MSME portfolio expected to scale with focused growth in ticket sizes between INR 8 lakhs to INR 15 lakhs, supported by collateral-based lending.

2 more points management made on revenue & sales performance

Profitability & Margins

PAT growth is expected due to credit cost reduction and AUM growth starting Q1 FY27, with real acceleration from Q2 onwards.
PPOP (Profit Before Provisions and Tax) growth will start in Q1 FY27, with significant acceleration in Q2.
AUM growth guidance is maintained at INR 10,000 crores for FY27, supporting higher income growth from Q1 onwards.
Operational expenses expected to increase marginally by 5-6% annually, with ongoing cost rationalization efforts potentially reducing this increase to 4-5%.
Credit costs are projected to stabilize around 2.5% for FY27, lower than the through-cycle rate of 3.25-3.5%.

2 more points management made on profitability & margins

See what Fusion Finance Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Fusion Finance is migrating to a significantly more advanced Loan Management System (LMS), with User Acceptance Testing (UAT) commenced and migration expected by end of August 2026.
The advanced LMS will be piloted initially in 10 branches, expanded to about 200 branches after confidence and back testing, and then rolled out to remaining 1,200–1,300 branches.
This investment aims to improve branch productivity, onboarding quality, monitoring, customer service, and reduce process friction in underwriting and collections.

2 more points management made on capital expenditure plans

Top-ranked in Finance

Ranked on what management guided this quarter

5x potential

1Mufin Green Finance Ltd₹2.6K Cr

Rev 1Mar 1

2Akiko₹454 Cr

Rev 1Mar 1

3₹972 Cr

Rev 1Mar 2

4₹358 Cr

Rev 1Mar 2

5₹1.5L Cr

Rev 1Mar 3

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

No equity infusion is planned for FY27 as the current capital adequacy of 36.46% provides sufficient headroom to support the target INR 10,000 crores AUM without further equity.
In FY26, the company raised about INR 6,000 crores in debt, including INR 2,040 crores in Q4 through term loans, direct assignments, and pass-through certificates.
The company has a strong pipeline of about INR 2,500 crores in potential new borrowings.
Discussions with PSU banks are ongoing, and the company is hopeful of receiving fresh credit lines, especially under the credit guarantee scheme capped at INR 300 crores.

2 more points management made on fundraising & capital structure

See what Fusion Finance Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

Order book flat

The provided transcript from Fusion Finance Limited's May 18, 2026 call does not mention specific details about current or expected order book or pending orders. The discussion mainly covers: - Asset Under Management (AUM) growth targets (e.g., aiming for INR 10,000 crores AUM in FY27). - Disbursements and lending activities (e.g., Q4 disbursements at INR 2,140 crores). - Credit quality, provisioning, and collections.

2 more points management made on order book & pipeline

What Fusion Finance's management said in earlier quarters

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Frequently Asked Questions

What were Fusion Finance Ltd Q4 FY26 results?

What is Fusion Finance Ltd share price analysis?

Fusion Finance Ltd currently shows a below-average growth signal. The stock trades at a P/E of 244.8 with a market cap of ₹3,391 Cr. Investors should review the full earnings analysis for detailed insights.

Is Fusion Finance Ltd planning capital expenditure?

Fusion Finance is migrating to a significantly more advanced Loan Management System (LMS), with User Acceptance Testing (UAT) commenced and migration expected by end of August 2026.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.