| Metric | Value (₹ Cr) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 60.11 | 1.4% | 25.9% |
| Total Income | 400.05 | 11.8% | 12.2% |
| Expenditure | 378.83 | 11.7% | 11.8% |
| PBT | 21.22 | 13.8% | 18.2% |
| Net Profit | 15.35 | 13.6% | 27.4% |
| OPM | 35.30% | 5.08pp | |
| NPM | 3.84% | 0.08pp | 0.80pp |
| EPS | 1.84 | 13.6% | 27.6% |
Fino Payments Bank Records Profitable Quarter Amid Industry Headwinds, Highest Customer Acquisition in Two Years
29 Oct 2025 · 29 Oct 2025, 06:12 pm
Summary
Fino Payments Bank Limited announced its financial results for the quarter ended September 30th, 2025 (Q2 FY26 & H1 FY26) today. The Bank continued to navigate industry-wide headwinds in Q2 FY26 while strengthening its focus on CASA accounts. Despite a challenging business environment, the Bank's margins improved by 5.75% on YoY basis and the EBITDA margin increased by 2.8% YoY to 15.4%.
Key Highlights
- 1
Total throughput increased 7% YoY to 21,14,574 crores in Q2 FY26 and 12% YoY to 2,38,116 crores in H1 FY26
- 2
Digital throughput at 62,771 crores in Q2 FY26, up 32% YoY, and 1,30,643 crores in H1 FY26, up 43% YoY
- 3
PBT dropped by 14% QoQ for Q2 FY26, but expected to gain momentum in H2 FY26
- 4
Margin expanded by 5.75% YoY to 37.1% and EBITDA margin improved by 2.8% YoY to 15.4%
- 5
Bank’s CASA accounts reached ~1.6 crores, adding over 9.1 lakh accounts in the quarter and 15.9 lakh accounts for the first half year
- 6
Renewal income increased 36% YoY to 62 crores in Q2 FY26 and 37% to 118 crores in H1 FY26
- 7
Average deposits were up by 36% YoY to 2,306 crores with 1.9% Cost of Funds in Q2 FY26
- 8
Daily UPI transactions grew by 33% YoY, ~1 Cr in Q2 FY26
- 9
Traditional Business saw ~46% YoY decline in revenue in Q2 FY26
- 10
Bank continues to focus on ‘OFF US’ to ‘ON US’ conversion to ensure long term sustainability of the business model
Management Comments
Rishi Gupta
Managing Director & CEO
Our focused execution of Transaction, Acquisition and Monetization (TAM) strategy kept us sustain headwinds. We maintained a risk calibrated approach while being resilient and strengthening our digital rail roads. As such we expect H2 FY26 to have enhanced momentum in Digital Payment Services business. Despite the slow pace, our core financial fundamentals remain stable for long term growth.
Ketan Merchant
Chief Financial Officer
Despite a challenging business environment, our margins improved by 5.75% on YoY basis. Our EBITDA margin increased by 2.8% YoY to 15.4%. In the evolving regulatory environment our focus has shifted towards enhancing bottom line through increased margin and execution of risk calibrated approach.
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