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Informist, Thursday, Aug. 13, 2026

 

--Fino Payments Bk Q1 net loss INR 137.20 mln vs PAT INR 177.60 mln year ago 

--Fino Payments Bk Apr-Jun total income INR 3.07 bln vs INR 4.53 bln yr ago 

 

By Nandini Sinha

 

MUMBAI – Fino Payments Bank Ltd. posted a net loss for the June quarter due to a sharp fall in other income, which pulled down its total income. The lender's net loss was despite its total expenses for the quarter falling sharply on year.

 

The payments bank reported a net loss of INR 137.20 million for the June quarter, against a net profit of INR 177.60 million a year ago. It had posted a net profit of INR 71 million in the March quarter.

 

Fino Payments Bank's total income fell over 32% on year and nearly 10% on quarter to INR 3.07 billion. The fall in total income was led by an over 40% on-year fall in other income at INR 2.35 billion for the June quarter. Interest income rose over 18% on year to INR 722 million.

 

The payments bank's total expenses, excluding provisions and contingencies, fell over 25% on year and over 4% on quarter to INR 3.21 billion. Operating expenses fell nearly 29% on year to INR 2.85 billion, while other operating expenses fell nearly 34% on year to INR 2.27 billion. However, interest expended rose nearly 25% on year to INR 353 million.  

 

The decline in revenue and profitability is primarily on account of recalibration of digital payments services in the business-to-business Unified Payments Interface person-to-merchant vertical and cash-driven transaction business, the lender said in a press release. 

 

Digital payments services remained non-operational in the reporting quarter due to strategic recalibration and a relaunch is expected in the fourth quarter of the current financial year, the lender said. "UPI continued to impact transaction business...as its revenue declined 50% YoY (year-on-year) and throughput decreased by 44% YoY (year-on-year)," Fino Payments Bank said.

 

The bank's loan referral segment disbursals surged 214% on year INR 6.28 billion in the June quarter, nearly 50% of the total disbursals in 2025-26 (Apr-Mar). Average total deposits rose 12% on year to INR 27.72 billion. Total throughput fell 10% on year but rose 3% on quarter to INR 1.11 trillion. 

 

Earnings before interest, tax, depreciation, and amortisation for the June quarter fell to INR 431 million from INR 616 million a year ago. The EBITDA margin fell to 14% from 16.5% a quarter ago.

 

The payments bank registered growth of 22% on year in its current account savings account customer base, which stood at 18.3 million in the June quarter. Cost of funds remained unchanged on quarter at 1.4%, while the cost to income rose to 28.7% from 23.5% a quarter ago. The capital adequacy ratio fell to 82.58% for the June quarter from 83.95% a quarter ago.

 

On Thursday, shares of Fino Payments Bank ended at INR 163.70 on the National Stock Exchange, up 2% over Wednesday. The payments bank announced its financial results after market hours.  End
 

Edited by Avishek Dutta

 

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