| Metric | Value (₹ Cr) | vs Q4 FY25 |
|---|---|---|
| Revenue | 60.99 | 15.6% |
| Total Income | 453.47 | 8.1% |
| Expenditure | 428.84 | 7.5% |
| PBT | 24.63 | 17.1% |
| Net Profit | 17.76 | 26.0% |
| OPM | 40.38% | 15.89pp |
| NPM | 3.92% | 0.94pp |
| EPS | 2.13 | 26.3% |
Fino Payments Bank Ltd Reports Q1 FY26 Results: Liabilities & Digital Business Driving Growth
30 Jul 2025 · 30 Jul 2025, 07:42 pm
Summary
Fino Payments Bank Ltd announced its financial results for the quarter ended June 30th, 2025. The Bank delivered a stable performance in Q1 FY26, with a 17% YoY increase in total throughput to ₹1,23,542 crore and a 34% YoY rise in average deposits to ₹2,275 crore. The Bank's core businesses - CASA & Digital Payment Services grew at 40%, while revenue from CASA increased to ₹3,154 crore, a 30% YoY increase. Net Revenue Margin improved by 250 bps YoY, led by digital and CASA momentum.
Key Highlights
- 1
Customer base reached 1.5 crore, adding over 6.8 lakh accounts in the quarter
- 2
Total throughput increased 17% YoY to ₹1,23,542 crore
- 3
Digital throughput crossed ₹67,800 crore, up 54% YoY
- 4
Average Deposits rose 34% YoY to ₹2,275 crore
- 5
Core Businesses - CASA & Digital Payment Services grew at 40%
- 6
Over 97 crore transactions on the Fino platform, an increase of 39% YoY
- 7
53 lakh+ digitally active customers, 26% YoY increase
- 8
Revenue from CASA increased to ₹3,154 crore, a 30% YoY increase
- 9
Subscription renewal Income increased 38% YoY to ₹56 crore
- 10
Net Revenue Margin improved by 250 bps YoY
- 11
Digital Payment Services revenue grew 59% YoY to ₹106 crore
Management Comments
Rishi Gupta
MD & CEO
In continuation to last year, the Q1 FY26 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
Q1 FY26 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.
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