Fino Payments Bank Ltd on Wednesday (July 30) reported a 27.4% year-on-year decline in net profit at ₹17.6 crore for the first quarter that ended June 30, 2025. In the corresponding quarter of the previous fiscal, Fino Payments Bank posted a net profit of ₹24.2 crore.
Net interest income (NII) jumped 52.1%, coming at ₹32.6 crore against ₹21.4 crore a year ago.
Fino Payments Bank’s customer base reached 1.5 crore, including the addition of over 6.8 lakh new accounts during the period. Total throughput grew 17% YoY to ₹1,23,542 crore, with digital throughput crossing ₹67,800 crore, marking a 54% YoY increase.
Also Read: Fino Payments Bank FY25 revenue grows 25% YoY to ₹1,847 crore, PBT up 26%
Average deposits rose 34% to ₹2,275 crore year-on-year, indicating higher customer confidence and deeper wallet share. The bank’s core businesses — CASA and digital payment services — registered a 40% growth, while its traditional low-margin business declined due to tighter remittance regulations.
The Fino platform recorded over 97 crore transactions during the quarter, up 39% YoY. Digitally active customers exceeded 53 lakh, reflecting a 26% growth over last year. Revenue from CASA increased 30% YoY to ₹154 crore, with its contribution to total revenue rising to 34%.
Subscription renewal income grew 38% to ₹56 crore compared to last year, highlighting strong customer retention and relationship depth. The bank’s net revenue margin improved by 250 basis points YoY, driven by the momentum in digital and CASA segments. Revenue from digital payment services rose 59% to ₹106 crore, contributing 23% to the total revenue.
Also Read: Fino Payments Bank Q3 Results: Net profit flat, NII jumps 35%; revenue up 25%
Rishi Gupta, MD and CEO, said, “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 the evolving environment.”
The results came after the close of the market hours. Shares of Fino Payments Bank Ltd ended at ₹259.55, down by ₹3.85 or 1.46%, on the BSE.
