Fino Payments Bank Limited has informed the Exchange regarding a press release dated July 30, 2025, titled "Press Release on the unaudited financial results for the quarter ended June 30, 2025".
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Fino Payments Bank reported its Q1 FY26 (quarter ended June 30, 2025) results, showing stable performance in a challenging regulatory environment. Total throughput rose 17% YoY to ₹1,23,542 crore, with digital throughput jumping 54% YoY to ₹67,800 crore. Average deposits grew strongly at 34% YoY to ₹2,275 crore, and the customer base reached 1.5 crore with 6.8 lakh new accounts added. Revenue from CASA (current and savings accounts) grew 30% YoY to ₹154 crore, while digital payment services revenue surged 59% YoY to ₹106 crore. While overall topline growth was modest at 4% YoY, EBITDA grew 16% YoY, and net revenue margins improved by 250 basis points, reflecting a better revenue mix. Management highlighted that the Bank's Small Finance Bank application is under regulatory evaluation.
The results are mixed but show improving quality of earnings — top-line growth is modest, but higher-margin segments like CASA and digital payments are scaling rapidly, supporting margin expansion. The 16% EBITDA growth and 250 bps margin improvement are positive signals, though regulatory headwinds in remittance and the pending small finance bank licence keep the outlook cautious. Short-term stock reaction may be neutral to mildly positive given the focus on profitability rather than just topline.