Fino Payment Bank Reports 41.5% Jump In Profit: Q2 Results


Fino Payments Bank reported a 41.5 per cent increase in profit for the September quarter. The net profit was Rs 19.5 crore, compared to Rs 13.8 crore in the same period last year.

The revenue for the quarter rose by 18.2 per cent to Rs 358.6 crore from Rs 303.3 crore last year. The operating profit margin improved to 12.9 per cent from 10.1 per cent in the previous quarter. The company aims for a 20 per cent revenue growth in FY24. Fino shares closed at Rs 305.30 on Wednesday, up by 2.21 per cent on the BSE, while the benchmark saw a 0.44 per cent decline.

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