Fusion Finance Q2 results 2024 on 16 Nov, 2024: loss at ₹305.04Cr, Revenue increased by 25.16% YoY

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.

Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.