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
Fino Payments Bank announced Q1FY25 results: Revenue increased 25% YoY to Rs 436.9 crore. EBITDA expanded by 31% YoY to Rs 53.2 crore and PBT grew by 30% YoY to Rs 24.3 crore. PBT margins in Q1FY25 at 5.6% up from 5.4% in Q1FY24. Q1FY25 RoE at 15.2 % v/s 13.6% in Q1FY24. Overall throughput value grew by 39% YoY to Rs 1,05,610 crore in Q1FY25. Digital throughput grew 141% YoY to Rs 44,197 crore in Q1FY25; digital impetus leads to digital contributing 42% to overall throughput in Q1FY25 v/s 24% in Q1FY24. ~57 crore UPI transactions in Q1FY25; contributed 1.42% to overall UPI ecosystem volume. Rishi Gupta, CEO & Managing Director said, “I am pleased to announce our highest profitable first quarter, a testament to our sustainable business model and strategy. Our new vertical “digital payment services” is growing on a profitable basis and giving the necessary impetus to our TAM (Transaction, Acquistion and Monetisation) strategy. As we move forward, our priority remains moving up the customer value chain, diversification and innovation. We are committed to maintaining our growth momentum by exploring new avenues and prepare ourselves for monetising our differentiated model.” Ketan Merchant, Chief Financial Officer said, “We are excited to announce our 18th consecutive profitable quarter, accentuating our lean model and digital-centric success. In light of our business momentum, we are revising our guidance from 20% YoY revenue growth to 25% for FY’2024-25. Our consistent profit margins demonstrate strength and sustainability in our business model and our accelerated growth plans. Result PDF
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