Mumbai, India – January 29, 2025
Fino Payments Bank Limited (NSE: FINOPB, BSE: 543386) has announced its financial results for the third quarter (Q3) and nine months (9M) ended December 31, 2024, highlighting robust revenue growth, stable profitability, and continued expansion in digital banking services.Key Financial Highlights (Standalone Results, Q3 FY 2024-25 vs Q3 FY 2023-24)
- Total Revenue: ₹4,613 crore, up 24.6% YoY from ₹3,702 crore.
- Net Profit (PAT): ₹23.11 crore, up 1.3% YoY from ₹22.80 crore.
- Operating Profit Before Provisions: ₹284.5 crore, up 24.7% YoY.
- Earnings Per Share (EPS): ₹2.78, compared to ₹2.74 in Q3 FY24.
- Capital Adequacy Ratio (CAR): 65.78%, compared to 76.00% in Q3 FY24.
- Return on Assets (ROA): 0.63%, slightly down from 0.73% last year.
Nine-Month Performance (9M FY 2024-25 vs 9M FY 2023-24)
- Total Revenue: ₹13,536 crore, up 25.7% YoY from ₹10,770 crore.
- Net Profit: ₹68.53 crore, up 12.3% YoY from ₹61.02 crore.
- Total Deposits & CASA Growth: Significant growth in account openings and deposits.
Business Growth & Strategic Highlights
✔ Payments & Transaction Banking Expansion- 41% growth in transaction volumes across UPI, AEPS, and digital remittances.
- Retail banking revenue grew 26% YoY to ₹1,053.8 crore.
- Interest income from investments surged 23.8% YoY to ₹376.6 crore.
- Treasury income reached ₹1,422.5 crore in 9M FY25.
- Cost-to-income ratio stable at 92.8%.
- Increased focus on automation & digital banking efficiencies.
- Growth in micro-ATM transactions & doorstep banking services.
- Strong presence in Tier-3 & Tier-4 cities supporting financial inclusion.
Segmental Performance
| Segment | Q3 FY25 Revenue (₹ crore) | 9M FY25 Revenue (₹ crore) | Q3 FY25 Profit (₹ crore) | 9M FY25 Profit (₹ crore) |
|---|---|---|---|---|
| Retail Banking | 1,053.8 | 3,054.4 | 39.58 | 123.17 |
| Treasury & Investments | 376.6 | 1,422.5 | 33.70 | 95.13 |
| Other Banking Operations | 3,066.0 | 9,056.7 | 41.54 | 102.81 |
Strategic Leadership Appointment
✔ Appointment of Ms. Manjiri Barve as Head-HR & CSR, effective March 1, 2025- Over 20 years of HR experience at Yes Bank, WNS, Lupin & Watson Wyatt.
- Expertise in digital HR transformation, talent engagement, and organizational development.
- Enhancing workforce strategy to support digital expansion.
- Focus on employer branding & employee engagement in financial services.
Financial Strength & Future Expansion Plans
✔ Digital Banking Innovation:- Scaling digital payment solutions in semi-urban & rural India.
- Expanding microfinance & digital lending capabilities.
- New product launches in savings & transaction accounts.
- Targeting higher CASA deposits through fintech partnerships.
- Increasing network of banking correspondents & micro-ATMs.
- Empowering small merchants with digital payment solutions.
Market Outlook & Future Growth Plans
✔ Payments & Digital Banking Boom:- Continued growth in UPI transactions & merchant banking.
- New RBI regulations supporting fintech-bank collaborations.
- Exploring partnerships in digital lending & credit services.
- Strengthening cross-sell opportunities in insurance & wealth management.
- Lower credit risk exposure as a payments bank.
- Improved capital allocation & regulatory compliance.
Conclusion
Fino Payments Bank has delivered steady revenue & profit growth in Q3 FY 2024-25, with expanding digital banking services, higher transaction volumes, and a strong leadership team. With a well-positioned business model, new product innovations, and digital transformation initiatives, the company is set for continued success in India’s evolving fintech landscape.For further details, visit www.finobank.com.
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