Fino Payments Bank announced Q1FY26 results Customer base reached to 1.5 crore, adding over 6.8 lakh accounts in the quarter. Total throughput increased 17% YoY to Rs 1,23,542 crore in the first quarter. Digital throughput crossed Rs 67,800 crore, up 54% YoY. Average Deposits rose 34% YoY to Rs 2,275 crore, signalling rising customer confidence and deeper wallet share. Core Businesses - CASA & Digital Payment Services grew at 40% and traditional low margin business declined on account of tightened regulations on Remittance. Over 97 crore transactions on the Fino platform, an increase of 39% YoY. 53 lakh+ digitally active customers, 26% YoY increase Revenue from CASA increased to Rs 154 crore, an increase of 30% YoY; contribution rose to 34%. Subscription renewal Income increased 38% YoY to Rs 56 crore, reflecting strong customer stickiness and relationship depth. Net Revenue Margin improved by 250 bps YoY, led by digital and CASA momentum. Digital Payment Services revenue grew 59% YoY to Rs 106 crore; contributing 23% to total revenue. Rishi Gupta, MD & CEO, said: “In continuation to last year, the Q1FY26 witnessed active regulatory oversight and sector-wide efforts to counter ecosystem challenges in digital payment services. Our momentum in digital and liabilities business strategically positions us for long term sustainable growth despite evolving environment. The Bank is enhancing its UPI stack with new product offerings aimed at boosting digital throughput, improving user experience, and strengthening platform-level monetisation opportunities. Our Small Finance Bank application is being evaluated by the regulator.” Ketan Merchant, CFO, said: “Q1FY26 began in a challenging environment, with increasing regulatory focus and vigilant compliance requirements across the payment banking industry. While topline growth was modest at 4% YoY, our EBITDA grew 16% YoY, supported by a favourable shift in revenue mix towards high-margin segments like CASA and digital payment services. Our net revenue margins increased by 2.5%, indication of our enhanced focus on bottom line." Result PDF
Fino Payments Bank announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Total Income: Rs 49,349 lakh compared to Rs 40,130 lakh during Q4FY24. PBT: Rs 2,970 lakh compared to Rs 2,529 lakh during Q4FY24. Throughput: Rs 1,30,600 crore compared to Rs 1,20,800 crore during Q4FY24. Digital Throughput : Rs 74,900 crore compared to Rs 42,900 crore during Q4FY24. First Payments Bank to maintain consistent profitability for five consecutive years (Q4FY20 – Q4FY25). FY25 Financial Highlights: FY25 revenue at Rs 1,847 crore, in line with guidance, reflecting 25% YoY growth. High-margin CMS and CASA products contributed 38% to the revenue in FY25. Digital (UPI) transactions volume crossed 288 crore in FY25 up 80% over FY’24. Bank clocked over Rs 1,260 crore transactions on a daily basis in FY25 thereby demonstrating a record annual throughput of Rs 4.6+ lakh crore, registering 29% YoY growth. Rishi Gupta, MD & CEO, Fino Payments Bank, said: “FY25 has been a transformational year for Fino. Our endeavour to position ourselves as a leading digital player is reflected in our growth. Leveraging our technology-enabled network and digital ecosystem has been our mantra for sustainable growth. Our diligent customer centric approach enhances our long-term vision of monetising our customer base. Importantly, our strategic focus on customer ownership, digital-first approach, continuous innovation and exploring value creating avenues is at the core of our commitment to inclusive growth and profitability.” Ketan Merchant, CFO, Fino Payments Bank, said: “We delivered on our revised guidance of 25% YoY (5% up from earlier guidance of 20%) growth in topline and remain focused on creating long-term shareholder value with discipline and agility. Our sustained performance has made Fino the first payments bank to remain profitable for five consecutive years. Our continued focus on the highly profitable digital segment has delivered exceptional results, with digital now contributing 21% to the total revenue - exceeding our expectations in FY25.” Result PDF
Fino Payments Bank announced Q3FY25 results Q3FY25 Financial Highlights: Revenue increased by 25% YoY to Rs 461.3 crore. Digital Payment Business contributing 24% of revenue (up from 8% in Q3’24). EBITDA grew by 19% YoY to Rs 60.2 crore; PBT grew 25% YoY to Rs 28.5 crore. Operational & Transaction Highlights: Overall throughput value in Q3FY25 reached Rs 117.8k crore, reflecting a 26% YoY growth. Total throughput for 9M’25 reached Rs 330.4k crore, achieving 92% of the total FY24 throughput. Digital throughput grew 54% YoY to Rs 59k crore in Q3’25 and 68% YoY to Rs 150.6k crore in 9M’25. 26+ crore UPI transactions processed in Dec’24, contributing 1.61% to overall UPI ecosystem volume. Customer Ownership: Our total customer base has now reached 1.34 crore, marking a 33% increase compared to the previous year. During Q3FY25, we successfully opened around 8.3 lakh bank accounts, of which 70,831 were digital accounts. Annuity Business: Renewal income experienced a remarkable 52% YoY growth in both Q3FY25 and 9MFY25, reaching Rs 47.8 crore and Rs 133.9 crore, respectively. Average Deposits saw a significant rise of 39% YoY to Rs 1,890 crore in Q3FY25 and 37% YoY to Rs 1,762 crore in 9M’25, reflecting an increase in active accounts. Digital Payment Services recorded a significant 38% QoQ growth with Rs. 109.7 crores on the back of volume growth of the existing partners. We contributed 1.61% of the UPI ecosystem volume in Dec’24. AePS demonstrated a strong revival, with its throughput growing 19% YoY to Rs 8,142 crore in Q3FY25. Additionally, revenue rose by 34% YoY, reaching Rs 31.6 crore. Rishi Gupta, CEO & Managing Director said: “I am delighted to share that we have once again delivered record-breaking quarterly revenue, reflecting the strength and sustainability of our evolving business model. As we continue to advance our strategic initiatives, we are placing a strong focus on building our platform around digital services. Customer ownership continues to remain key to our growth and monetisation aspirations. India is rapidly moving towards digital economy, and we remain at the fore front of this transformation. With more and more customers becoming digitally active (~48 lakhs as on 31st December 2024) and with more partner accretions on B2B, we will continue to invest in technology and risk management to build a robust digital ecosystem.” Ketan Merchant, Chief Financial Officer said: “We are thrilled to announce that we have achieved our 20th consecutive profitable quarter, reflecting the strength and resilience of our business model and the execution effectiveness of our Transaction, Acquisition and Monetization (TAM) strategy. Staying aligned with our revised revenue growth guidance for FY25, we have delivered an impressive 25.7% YoY revenue growth in the first nine months of the current fiscal. Operating leverage is a key for us and with digital growth our margins are improving due to economies of scale." Result PDF