Weak quarter; no respite in sight

Company
07 Aug 2024
5 Min read 
  • Fusion Microfinance's financials and valuations are detailed in the text.
  •  The company's credit costs have spiked to 13% due to elevated costs.
  •  The company has tightened its disbursements and new customer acquisition criteria.
  •  The asset quality stress in the sector is broad-based and may persist.
  •  The company's stock has been downgraded to Neutral with a revised TP of INR 440.
  •  The company's financial performance and ratios are also provided in the text.
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