Buy Fusion MicroFinance; target of Rs 700: Emkay
Thu, May 9, 2024 3:12 PM

Buy Fusion MicroFinance; target of Rs 700: Emkay

A Flip by Avya Verma
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Emkay's research report on Fusion MicroFinance. Fusion MFI continues to report strong earnings with PAT at Rs1.33bn and RoA at 4.7%, mainly led by continued margin expansion and higher fees. However, LLP remains elevated at 4.7%, primarily due to stress in the state of Punjab, specific PCR build-up, and incremental management overlay of Rs0.2bn.

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