How has been the historical performance of Fusion Finance?

Answer:The historical performance of Fusion Finance has shown significant fluctuations over the years, particularly in profitability and cash flow.

Breakdown:
Fusion Finance's net sales have steadily increased from INR 855.81 crore in March 2021 to INR 2,319.76 crore in March 2025, indicating strong revenue growth. However, the company has faced challenges with total expenditure, which rose sharply to INR 3,490.23 crore in March 2025 from INR 812.41 crore in March 2021. This surge in expenses has led to a substantial operating loss, with the operating profit (PBDIT) dropping to -INR 1,121.34 crore in March 2025, compared to a profit of INR 60.68 crore in March 2021. The profit before tax also turned negative, reaching -INR 1,133.01 crore in March 2025, down from a profit of INR 56.79 crore in March 2021. Consequently, the profit after tax plummeted to -INR 1,224.54 crore in March 2025, contrasting sharply with the profit of INR 43.94 crore in March 2021. The company's cash flow from operating activities has also been negative in recent years, with a cash outflow of -INR 1,350 crore in March 2024 and -INR 1,663 crore in March 2023. As of March 2025, total liabilities stood at INR 8,292.67 crore, while total assets were at the same level, reflecting a challenging financial position. The book value per share has decreased from INR 274.18 in March 2024 to INR 158.15 in March 2025, indicating a decline in shareholder value. Overall, while Fusion Finance has achieved revenue growth, it has struggled with profitability and cash flow management in recent years.