Earnings Review
Fino Payments Bank's Q2 PAT down on fall in other income
This story was originally published at 19:45 IST on 29 October 2025
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--Fino Payments Bank Jul-Sept net profit INR 153.5 mln vs INR 211.5 mln
--Fino Payments Bank Jul-Sept total income INR 4.00 bln vs INR 4.55 bln
--Fino Payments Bank capital adequacy ratio 77.19% as on Sept 30
--Fino Payments Bank Apr-Sept net profit INR 331.1 mln vs INR 454.2 mln
--Fino Payments Bank Apr-Sept total income INR 8.54 bln vs INR 8.92 bln
By P. Madhu Kumar
MUMBAI – Fino Payments Bank Ltd. reported a sharp decline in its net profit during the September quarter. This was largely due to an on-year fall in other income while its net interest income rose on year.
It net profit in Jul-Sept was down over 27% on year at INR 153.5 million. Its total income fell over 12% on year to INR 4 billion, dragged down by a decline in other income. The payments bank's other income fell nearly 17% on year and over 13% sequentially to INR 3.40 billion for the reporting quarter.
Fino Payments Bank's capital adequacy ratio as on Sept. 30 was 77.19%, up from 75.20% in the year-ago quarter. The company's earnings before interest, tax, depreciation, and amortisation rose over 8% on year to INR 616 million for the reporting quarter. Its EBITDA margin for the quarter came in at 15.4%, up from 12.6% in the year-ago quarter.
The rise in EBITDA was due to a 20% on-year decline in its product cost to INR 2.51 billion and only 1% growth in its operating cost of INR 870 million. Operating cost of Fino Payments Bank declined 4% on quarter and its product cost fell 17% on quarter.
For Apr-Sept, the company's net profit stood at INR 331.10 million, as compared to INR 452.20 million in the year-ago period. Its total income fell over 4% on year to INR 8.54 billion for the same period.
On Wednesday, shares of Fino Payments Bank closed over 2% lower at INR 299.55 on the National Stock Exchange. End
Edited by Tanima Banerjee
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