Fusion Finance's Q3 Financial Report Shows Mixed Results, with Positive Sales Trend

Nov 16 2024 04:48 PM IST
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Fusion Finance, a smallcap finance company, reported flat financial results for the quarter ending September 2024. While net sales were the highest in five quarters, PBT and PAT showed significant decreases. Operating profit margin and EPS were also at their lowest, indicating a mixed performance for the company.

Fusion Finance, a smallcap finance company, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Fusion Finance's performance for the quarter was flat, with a score of -5, showing a slight improvement from the previous quarter's score of -9. However, there are some positive and negative aspects to the company's financials.

On the positive side, Fusion Finance's net sales for the quarter were the highest in the last five quarters at Rs 691.55 crore, and have been growing each quarter. This indicates a very positive sales trend in the near term.

On the other hand, the company's Profit Before Tax less Other Income (PBT) for the quarter was at Rs -422.37 crore, which is a significant decrease of -568.3% compared to the average PBT of the previous four quarters. This shows a very negative trend in the near term for PBT.

Similarly, the Profit After Tax (PAT) for the quarter was at Rs -305.04 crore, a decrease of -449.4% compared to the average PAT of the previous four quarters. The company's Operating Profit Margin for the quarter was also at its lowest at -27.79%, showing a decline in efficiency.

Furthermore, Fusion Finance's Operating Profit (PBDIT) for the quarter was at its lowest in the last five quarters at Rs -192.16 crore, and the company's Earnings per Share (EPS) for the quarter were also at its lowest at Rs -30.31. This indicates a declining profitability and lower earnings for shareholders.

Overall, Fusion Finance's financial performance for the quarter has been mixed, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.
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