Fusion Finance Q2 Results 2024:Fusion Finance declared their Q2 results for 2024 on 14 November 2024, revealing a significant topline increase of 25.16%. However, the company reported a loss of ₹305.04 crore, contrasting sharply with a profit of ₹125.79 crore in the same period last fiscal year.
Despite the year-on-year revenue growth, there was a slight decline of 0.16% when compared to the previous quarter. This indicates potential challenges in maintaining revenue momentum on a sequential basis.
Moreover, the Selling, General & Administrative expenses saw a rise of 3.74% quarter-on-quarter and an alarming increase of 41.49% year-on-year, which could be contributing factors to the company’s losses.
The operating income also faced a steep decline, plummeting by 259.2% quarter-on-quarter and down 167.85% year-on-year, further underscoring the operational challenges Fusion Finance is facing.
Earnings per share (EPS) stood at ₹14.52 for Q2, which represents a decrease of 20.02% from the previous year, indicating reduced profitability per share for investors.
In terms of stock performance, Fusion Finance has delivered a disappointing -15.21% return in the past week, -62.72% return over the last six months, and a staggering -69.17% year-to-date return, reflecting investor sentiment.
As of 16 November 2024, Fusion Finance has a market capitalization of ₹1788.72 crore, with its stock trading between a 52-week high of ₹674.85 and a low of ₹177.71.
Among analysts covering the company, there is a consensus recommendation to Sell, with 2 analysts giving a Strong Sell rating, 3 analysts suggesting Sell, and 3 recommending Hold, while only 1 analyst has rated it as Buy.
Fusion Finance Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 669.35 | 670.43 | -0.16% | 534.81 | +25.16% |
| Selling/ General/ Admin Expenses Total | 140.47 | 135.4 | +3.74% | 99.28 | +41.49% |
| Depreciation/ Amortization | 2.85 | 2.36 | +20.76% | 2.09 | +36.36% |
| Total Operating Expense | 886.56 | 533.99 | +66.03% | 214.66 | +313.01% |
| Operating Income | -217.21 | 136.44 | -259.2% | 320.15 | -167.85% |
| Net Income Before Taxes | -410.21 | -50.72 | -708.77% | 165.69 | -347.58% |
| Net Income | -305.04 | -35.62 | -756.37% | 125.79 | -342.5% |
| Diluted Normalized EPS | 14.52 | 18.97 | -23.48% | 18.15 | -20.02% |
Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.