Reduce Fusion Micro Finance; target of Rs 385: ICICI Securities
Thu, Aug 8, 2024 1:12 PM

Reduce Fusion Micro Finance; target of Rs 385: ICICI Securities

A Flip by Riya Sharma
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Fusion Micro Finance's Q1FY25 earnings were affected by elevated credit cost, leading to a loss of INR 356mn, despite 6% QoQ AUM growth and 8% QoQ NII growth; operating costs and credit costs rose, prompting a 46% reduction in earnings estimates and a downgrade to REDUCE with a revised target price of INR 385. Fusion Micro Finance's Q1FY25 earnings were affected by elevated credit cost.

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