Earnings Review
Fino Payments Bank net profit falls 27% YoY on tax expense
This story was originally published at 21:12 IST on 30 July 2025
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--Fino Payments Bk Apr-Jun net profit INR 177.6 mln vs INR 242.7 mln year ago
--Fino Payments Bk Apr-Jun total income INR 4.53 bln vs INR 4.37 bln yr ago
--Fino Payments Bk capital adequacy ratio 73.35% as on Jun 30
By Shubham Rana
NEW DELHI – Fino Payments Bank's net profit for the June quarter fell sharply because of a rise in tax expenses. The payments bank reported a net profit of INR 177.6 million, down 27% on year and 26% on quarter.
The payments bank paid INR 68.7 million as tax in the June quarter, which weighed on the net profit. The bank did not have any tax expense in the year-ago quarter.
The operating profit of the bank was up 1.5% in the June quarter at INR 246.3 million. Sequentially, the operating profit fell 17%.
The payments bank's total income rose 4% on year to INR 4.53 billion. Sequentially, however, the total income was down 8% because of an 11% quarter-on-quarter fall in other income. The bank reported other income of INR 3.92 billion for the June quarter, largely unchanged on year.
Total expenses rose 4% on year to INR 4.29 billion with operating expenses up 3% at INR 4.00 billion. Shares of Fino Payments Bank Wednesday ended 1.4% lower at INR 259.80 on the National Stock Exchange.
Total throughput, or volume of transactions, increased 17% on year to INR 1.24 trillion in the June quarter. Digital throughput rose 54% on year to INR 678.00 billion, the bank said in a press release. Average deposits rose 34% on year to INR 22.75 billion.
The net revenue margin rose 250 basis points on year to 33.5% in the June quarter. The net revenue margin was 31.5% in Jan-Mar. The capital adequacy ratio was 73.35% as on Jun. 30 against 80.45% a quarter ago and 76.31% a year ago. End
Edited by Rajeev Pai
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