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The company's Gross NPA during the quarter stood at 3.83 percent compared to 3.67 percent during the June quarter, while Expected Credit Loss (ECL) increased 17 percent to Rs 285 crore from Rs 244 crore in the previous quarter.
Fusion Micro Finance, the second largest microfinance institution (MFI) in India, reported a 27 percent jump in its Net profit for the September quarter on a sequential basis. The company's Net Interest Margin also expanded 80 basis points quarter-on-quarter.
The management also said during its earnings call that they are slowly moving towards secured loans and that they will not be aggressive in trying to gain market share from peers.
Shares of Fusion Microfinance ended 3 percent lower at Rs 364.