Fino Payments Bank announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Throughput increased by 52% and digital throughput increased 175% YoY. Revenue increased 24% YoY to Rs 401.3 crore. EBITDA growth was 26% YoY at Rs 54.2 crore from Rs 43.0 crore PAT growth at 14% YoY with Rs 25.2 crore. Digital throughput contributes 42% of overall throughput in Q4FY24, up from 23% in Q4FY23. FY24 Financial Highlights: FY24 revenue increased 20% YoY to Rs 1,478.4 crore. EBITDA expanded by 41% YoY to Rs 191.4 crore and PAT grew by 32% YoY to Rs 86.2 crore. PAT margins in FY24 at 5.8% up from 5.3% in FY23. Throughput increased by 41% YoY in FY24. Digital impetus gains further ground as it contributes 37% to the overall throughput (up from 19% in FY23). Rishi Gupta, CEO & Managing Director said, “This has been the highest profitable quarter for us in the history of the Bank. This remarkable achievement coupled by the key milestone of reaching 1 crore customers gives me enhanced confidence of future growth potential. Our TAM (Transaction, Acquisition and Monetization) strategy is playing its part for sustainable business growth. Our objective is to establish ourselves as the preferred digital banking destination by introducing advanced product offerings crafted to leverage emerging growth opportunities in Bharat.” Ketan Merchant, Chief Financial Officer said, “We are proud to announce our 17th consecutive profitable quarter, extending our consistent streak of profitability and growth. This quarter's performance reaffirms the success of our lean and digital-centric growth approach. Our growth in annuity income by 75% in FY’24, further reinforces the sustainability and growth in the business model.” Result PDF