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Fino Payments Bank reports marginal increase in Q3FY25 net profit at ₹23.1 crore

Fino Payments Bank reports marginal increase in Q3FY25 net profit at ₹23.1 crore


Fino Payments Bank reported a marginal increase in third quarter net profit at ₹23.1 crore against ₹22.8 crore logged in the year ago period.

Net revenue (revenue – product cost) increased by 21 per cent year-on-year (y-o-y) to ₹148 crore (₹122 crore).

Profit before tax increased by 25 per cent y-o-y to ₹28.5 crore (₹22.8 crore). The marginal increase in profit is because the tax expense was at ₹5.34 crore in the reporting quarter against nil in the year-ago period.

Average deposits amounted to ₹1,890 crore (₹1,358 crore). The Bank said it opened 9,033 accounts daily during the quarter (8,434 in the year-ago quarter), translating into one account being opened every 10 seconds. Transaction throughout increased by 26 per cent y-o-y to ₹ 1,18,000 crore.





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