Fino Payments Bank's Q4 Profit Dips 5% YoY To INR 24 Cr

SUMMARY

Fino’s tax expense ballooned to INR 5.7 Cr in Q4 FY25 as against INR 8 Lakh in the year-ago quarter, resulting in the decline in profit

Total income during the quarter under review stood at INR 493.5 Cr, up over 23% from INR 401.3 Cr in Q4 FY24

Total expenses for the quarter grew 7% QoQ and 23% YoY to INR 463.8 Cr

Fino Payments Bank’s net profit slipped 5% to INR 24 Cr in Q4 FY25 from INR 25.2 Cr in the year-ago quarter on the back of rise in its tax expense.

The company’s tax expense ballooned to INR 5.7 Cr in the final quarter of FY25 as against INR 8 Lakh in the year-ago quarter.

On a sequential basis, its net profit grew 4% from INR 23.1 Cr.

The company’s total income during the quarter under review stood at INR 493.5 Cr, up over 23% from INR 401.3 Cr in Q4 FY24. It also rose 7% from INR 461.3 in Q3 FY25.

Meanwhile, Fino’s total expenses grew 7% quarter-on-quarter (QoQ) and 23% year-on-year (YoY) to INR 463.8 Cr in Q4 FY25.

For the full fiscal year FY25, net profit grew 7% to INR 92.5 Cr from INR 86.2 Cr in FY24. While EBITDA grew 22% YoY to INR 234.4 Cr, its top line grew 25% YoY to INR 1,847.1 Cr.

“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,” the company’s MD and CEO Rishi Gupta said.

Fino continued to see a majority of its revenue come from CASA (current account savings account), which contributed INR 155 Cr to the top line in Q4 FY25.

The company said its total customer base increased 33% YoY to 1.43 Cr at the end of the March 2025 quarter. Without giving the number of new accounts opened in the quarter, the company said it is seeing over 9,000 new accounts opening everyday.

The digital payment services vertical saw the biggest increase in terms of its contribution to Fino’s top line. It brought in INR 134.4 Cr of revenue, or 27% of the bank’s revenue, in Q4 FY25 as against INR 36.8 Cr, or 9% of revenue, in the year-ago quarter.

Besides, Fino’s UPI offering FinoPay registered 6.3 Lakh average monthly active users in Q4 FY25.

For the entire fiscal, Fino claimed that its digital UPI transactions volume crossed 288 Cr, marking an 80% increase from FY24. Digital throughout rose 70% YoY to INR 2.25 Lakh Cr in FY25.

The bank clocked in over INR 1,260 Cr transactions on a daily basis in FY25. Its annual throughput for the fiscal stood at INR 4.6+ Lakh Cr, marking a 29% YoY growth.

Shares of Fino Payments Bank ended today’s trading session 6.22% higher at INR 260.30 on the BSE.