Fusion Finance experienced a significant net loss of Rs 305.04 crore in the second quarter of FY25, which is in stark contrast to the profit of Rs 125.69 crore it made during the same period last year. This loss follows a previous quarter where the company recorded a net loss of Rs 35.62 crore.

The company's Managing Director and CEO, Devesh Sachdev, attributed the challenging results to ongoing delinquency trends affecting the industry.

Despite the financial setbacks, Fusion Finance's assets under management increased by 15.4 percent, reaching Rs 11,571 crore in the second quarter. In response to its financial situation, the company plans to file documents for a rights issue of up to Rs 550 crore in the current quarter, aiming to strengthen its capital position amidst the tough market conditions.