Fino Payments Bank reports Q1 FY26 results, driven by liabilities and digital business growth
The announcement details positive financial performance in core and high-margin business segments, indicating operational efficiency and strategic focus. The growth in digital and liabilities business, along with improved margins and EBITDA, signals a healthy financial trajectory. The ongoing evaluation of the Small Finance Bank application also adds potential for future growth and business transformation.
The bank reported strong growth in key operational metrics such as customer base, total throughput, digital throughput, average deposits, and transactions. Revenue from high-margin segments like CASA and Digital Payment Services showed significant year-on-year increases, leading to improved net revenue margins and EBITDA growth despite a challenging regulatory environment. Management commentary highlights strategic positioning for sustainable growth and future opportunities.
Fino Payments Bank Limited (FINOPB) announced its unaudited financial results for the quarter ended June 30, 2025, reporting a stable performance despite a challenging operating environment. * Customer base reached 1.5 crore, adding over 6.8 lakh accounts in the quarter. * Total throughput increased 17% year-on-year (YoY) to ₹1,23,542 crore. Digital throughput surged 54% YoY to ₹67,800 crore. * Average Deposits rose 34% YoY to ₹2,275 crore, indicating rising customer confidence. * Core businesses - CASA (Current Account Savings Account) and Digital Payment Services - grew 40%. * Over 97 crore transactions were processed on the Fino platform, an increase of 39% YoY. * Revenue from CASA increased 30% YoY to ₹154 crore, contributing 34% to total revenue. * Digital Payment Services revenue grew 59% YoY to ₹106 crore, contributing 23% to total revenue. * Subscription renewal income increased 38% YoY to ₹56 crore. * Net Revenue Margin improved by 250 basis points YoY.
Rishi Gupta, MD & CEO, stated that despite active regulatory oversight and sector-wide challenges in digital payment services, the momentum in digital and liabilities business strategically positions the bank for long-term sustainable growth. He also mentioned that the bank is enhancing its UPI stack with new product offerings and its Small Finance Bank application is being evaluated by the regulator.
Ketan Merchant, CFO, added that while topline growth was modest at 4% YoY, EBITDA grew 16% YoY, supported by a favorable shift in revenue mix towards high-margin segments like CASA and digital payment services. He noted that net revenue margins increased by 2.5%, indicating an enhanced focus on the bottom line.
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