Fino Payments Bank Records 23rd Consecutive Profitable Quarter, Sees Strong CASA Growth in Q2 FY26
Fino Payments Bank achieved its 23rd profitable quarter in Q2 FY26, with 7% throughput growth and significant CASA account additions, despite a PBT drop due to digital business slowdown.
Financial results, especially quarterly performance and profitability milestones, are critical indicators of a company's health and future prospects, directly influencing investor perception and stock value. The announcement of 23 consecutive profitable quarters and strong customer acquisition is a significant positive for the bank.
The bank achieved its 23rd consecutive profitable quarter, showed strong growth in throughput and CASA accounts, and expanded its margins, indicating underlying business strength despite some headwinds and a temporary dip in PBT.
Fino Payments Bank Limited announced its financial results for the quarter and half year ended September 30, 2025 (Q2 FY26 & H1 FY26), marking its 23rd straight profitable quarter despite industry headwinds. The bank reported its highest customer acquisition over the past two years. * Throughput: * Q2 FY26: Total throughput increased 7% year-on-year (YoY) to ₹1,14,574 crores. Digital throughput grew 32% YoY to ₹62,771 crores. * H1 FY26: Total throughput increased 12% YoY to ₹2,38,116 crores. Digital throughput rose 43% YoY to ₹1,30,643 crores. * PBT & Margin Expansion: * Profit Before Tax (PBT) dropped 14% quarter-on-quarter (QoQ) for Q2 FY26 due to a momentary slowdown in digital business, but enhanced momentum is expected in H2 FY26. * Margin expanded by 5.75% YoY to 37.1% due to a shift towards higher-margin products. * EBITDA margin improved by 2.8% YoY to 15.4% driven by operational efficiency. * Ownership Business: * CASA accounts reached approximately 1.6 crore, with 9.1 lakh new accounts added in Q2 and 15.9 lakh in H1. * Daily account openings in Q2 FY26 increased 11% YoY to 9,893. * Renewal income grew 36% YoY to ₹62 crores in Q2 FY26 and 37% to ₹118 crores in H1 FY26. * Average deposits were up 36% YoY to ₹2,306 crores with a 1.9% Cost of Funds in Q2 FY26. * Digital Adoption: * Daily UPI transactions grew 33% YoY, reaching approximately 1 crore in Q2 FY26. * Over 57 lakh customers were digitally active in September 2025, up from 45+ lakh in September 2024. * Traditional Business: * Revenue from Traditional Business (DMT + AePS + MATM) declined by approximately 46% YoY following regulatory changes in November 2024, particularly in direct money transfer.
Rishi Gupta, MD & CEO, stated that the Transaction, Acquisition and Monetization (TAM) strategy helped sustain headwinds and expects enhanced momentum in the Digital Payment Services business in H2 FY26. Ketan Merchant, CFO, highlighted improved margins and EBITDA despite a challenging environment, noting a focus on enhancing the bottom line through increased margin and a risk-calibrated approach.
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