Buy Fusion Micro Finance, target price Rs 720: Motilal Oswal

Motilal Oswal has buy call on Fusion Micro Finance with a target price of Rs 720. The current market price of Fusion Micro Finance Ltd. is Rs 588. Fusion Micro Finance Ltd., incorporated in the year 1994, is a Small Cap company (having a market cap of Rs 5936.16 Crore) operating in NBFC sector.

Fusion Micro Finance Ltd. key Products/Revenue Segments include Interest, Income From Financial Services, Income From Sale Of Share & Securities and Fees & Commission Income for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-12-2023, the company reported a Standalone Total Income of Rs 613.24 Crore, up 7.35 % from last quarter Total Income of Rs 571.26 Crore and up 31.45 % from last year same quarter Total Income of Rs 466.50 Crore. Company reported net profit after tax of Rs 126.45 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 57.7 per cent stake in the company as of 31-Dec-2023, while FIIs owned 6.74 per cent, DIIs 22.81 per cent.