Lemon Tree Hotels Ltd, Balaji Amines Ltd, Gokaldas Exports Ltd and Sanghvi Movers Ltd are among the other losers in the BSE's 'A' group today, 08 August 2024.Fusion Micro Finance Ltd crashed 9.27% to Rs 314.65 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 4.25 lakh shares were traded on the counter so far as against the average daily volumes of 21411 shares in the past one month.Lemon Tree Hotels Ltd lost 9.26% to Rs 126.45. The stock was the second biggest loser in 'A' group.On the BSE, 4.3 lakh shares were traded on the counter so far as against the average daily volumes of 1.71 lakh shares in the past one month.Balaji Amines Ltd tumbled 6.88% to Rs 2227.95. The stock was the third biggest loser in 'A' group.On the BSE, 36557 shares were traded on the counter so far as against the average daily volumes of 9978 shares in the past one month.Gokaldas Exports Ltd fell 6.46% to Rs 937.4. The stock was the fourth biggest loser in 'A' group.On the BSE, 36217 shares were traded on the counter so far as against the average daily volumes of 30646 shares in the past one month.Sanghvi Movers Ltd plummeted 6.20% to Rs 829.4. The stock was the fifth biggest loser in 'A' group.On the BSE, 2.39 lakh shares were traded on the counter so far as against the average daily volumes of 28324 shares in the past one month.Powered by Capital Market - Live

Sanghvi Movers Ltd, EIH Ltd, Gokaldas Exports Ltd and Bata India Ltd are among the other losers in the BSE's 'A' group today, 07 August 2024.Fusion Micro Finance Ltd lost 20.00% to Rs 346.8 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 82958 shares were traded on the counter so far as against the average daily volumes of 19066 shares in the past one month.Sanghvi Movers Ltd tumbled 9.84% to Rs 921.8. The stock was the second biggest loser in 'A' group.On the BSE, 88328 shares were traded on the counter so far as against the average daily volumes of 21017 shares in the past one month.EIH Ltd crashed 5.59% to Rs 375. The stock was the third biggest loser in 'A' group.On the BSE, 2.92 lakh shares were traded on the counter so far as against the average daily volumes of 34657 shares in the past one month.Gokaldas Exports Ltd dropped 4.69% to Rs 1011.6. The stock was the fourth biggest loser in 'A' group.On the BSE, 93640 shares were traded on the counter so far as against the average daily volumes of 26383 shares in the past one month.Bata India Ltd plummeted 3.49% to Rs 1462.25. The stock was the fifth biggest loser in 'A' group.On the BSE, 93905 shares were traded on the counter so far as against the average daily volumes of 21199 shares in the past one month.Powered by Capital Market - Live

Total income increased by 27.84% year-over-year (YoY) to Rs 706.68 crore during the quarter. Disbursements increase by 30.73% YoY to Rs 2,986.65 crore in Q1 FY25. The company's borrower base as on 30 June 2024 stood at 39.5 lakh. Net interest income (NII) rose by 34.85% to Rs 396.55 crore in Q1 FY25 from Rs 294.07 crore in Q1 FY24. Net interest margin (NIM) improved to 11.64% in Q1 FY25 from 10.89% in Q1 FY24. Cost of fund declined to 10.09% in the June'24 quarter from 10.57% recorded in the June'23 quarter. Pre-provision operating profit (PPOP) increased by 26.49% YoY to Rs 297.75 crore in Q1 FY25. Impairment of financial instruments added up to Rs 348.47 in the first quarter of FY25, which is sharply higher as compared with impairment charge of Rs 75.93 recorded in the same period last year. Consequently, the company posted a pre-tax loss of Rs 50.72 crore in Q1 FY25 as against a pre-tax profit of Rs 159.46 crore posted in Q1 FY24. The company wrote-back taxes aggregating to Rs 15.10 crore during the period under review. As on 30 June 2024, gross NPA stood at 5.46% while net NPA was at 1.25%. Gross NPA and net NPA were at 3.20% and 0.78%, respectively, as on 30 June 2023. The company's capital adequacy position remained healthy, with CRAR of 25.86% as on 30 June 2024. Liquidity remained robust with cash and cash equivalents of Rs 1,590 crore, amounting to 12.98% of the total assets. Devesh Sachdev, MD&CEO, Fusion Finance, said: 'Our AUM has grown consistently and we continue to add new customers in a calibrated manner. As an agile and prudent organization we consistently review our portfolio and we noticed delinquency trends in certain pockets due to over-leverage and external factors. Due to which we have done early risk recognition and tightened our ECL model leading to higher than usual provisioning in this quarter that had an impact on our overall profitability. However, our pre provisioning profits (PPOP) have been in line with our consistent performance in the previous quarters and we expect to go back to our normal course in H2 FY25. Our strong Balance Sheet with 25.86% CRAR underlines our robust business fundamentals and we are committed to follow a prudent path to ensure sustainable growth.' Fusion Finance (formerly Fusion Micro Finance Limited) is amongst India's leading non-banking financial company-microfinance institutions (NBFC-MFIs). It is one of the youngest companies to be among the top NBFC MFIs in the country with an asset under management (AUM) of INR 12,193 crore. The company has been growing consistently with an extensive network of 1,398 branches spread across 22 states including 3 Union Territories, as of 30 June 2024. Powered by Capital Market - Live

Net loss of Fusion Micro Finance reported to Rs 35.62 crore in the quarter ended June 2024 as against net profit of Rs 120.46 crore during the previous quarter ended June 2023. Sales rose 29.61% to Rs 688.32 crore in the quarter ended June 2024 as against Rs 531.07 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales688.32531.07 30 OPM %22.7660.82 - PBDT-48.36161.22 PL PBT-50.72159.46 PL NP-35.62120.46 PL Powered by Capital Market - Live

Fusion Micro Finance will hold a meeting of the Board of Directors of the Company on 6 August 2024.Powered by Capital Market - Live