Fino Payments Bank announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Revenue increased 27% YoY to Rs 455.4 crore, with digital contributing 17% of revenue (up from 5% in Q2FY24). PBT margins in Q2FY25 stood at 5.7% up from 5.4% in Q2FY24. H1FY25 Financial Highlights: Revenue increased 26% YoY to Rs 892.3 crore, with digital contributing 16% of revenue. PBT margins in H1FY25 stood at 5.6% up from 5.4% in H1FY24. H1FY25 cost-income ratio is at 25.6%, down from 26.9% in H1FY24. Business Highlights: Overall throughput value grew 24% YoY to Rs 106.9k crore in Q2FY25. H1FY25 was the first ever half where the total throughput crossed Rs 2 lakh crore. 23+ crore UPI transactions in Sep’24; contributed 1.55% to overall UPI ecosystem volume. Operational Highlights: Distribution network: Our merchant network climbed 22%+ YoY to 18.5 lakh, covering 97% of India’s pin codes. Customer ownership: More than 8.2 lakh bank accounts were opened during Q2FY25. Our total customer base is now 1.26 crores with 70% active, building base for significant cross and up-selling opportunity. Increase in share of high-margin products: Revenue from CASA and CMS is 32% of total revenue in Q2FY25 (30% in Q2’24). Customer stickiness: Annuity business experienced exponential growth as renewal income saw a substantial rise of 51% YoY in Q2FY25 and 52% YoY in H1FY25 to Rs 45.7 crore and Rs 86.1 crore respectively. Average deposits grew 34% YoY to Rs 1,696 crore in Q2FY25 and 35% YoY to Rs 1,698 crore in H1FY25. CMS transaction value saw a massive 49% YoY rise to Rs 21,818 crore in Q2FY25 and 37% YoY growth to Rs 41,614 crore in H1FY25. Digital Payment Services accounts for 17% of the revenue pie in Q2FY25 which was 5% in Q2FY24, driven by robust and simplified technology solutions for our B2B partners. Rishi Gupta, Managing Director & CEO said: “I am delighted to announce that we have posted our highest-ever quarterly revenue and profit before tax, a testament to our TAM (Transaction, Acquisition and Monetisation) strategy and sustainable business model. Our emphasis on ‘digital payment services’ is giving the necessary impetus to our growth thereby contributing to the overall journey of ‘Digital as well as Vikasit Bharat’. We are committed to explore new opportunities and sustain the current growth momentum by monetizing our unique model with highest governance standards.” Ketan Merchant, Chief Financial Officer said: “We are excited to announce that it is our 19th consecutive profitable quarter, accentuating our lean model and digital-centric success. Last quarter, we had revised our guidance to 25% revenue growth for FY’2024-25; with 26.2% YoY growth in H1FY25, we are on track to achieve the same.” Result PDF