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Fino Payments Bank Q4 Profit Plunges 70% to Rs 7.1 Cr Despite Revenue Growth

Fino Payments Bank's Q4 net profit slumped 70.4% to Rs 7.1 crore from Rs 24 crore a year ago. Net interest income grew 31.5% to Rs 35.2 crore, and the bank achieved its highest-ever net revenue margin of 40%. Deposits hit a record Rs 2,957 crore, with CASA renewal income reaching Rs 62.2 crore. However, total throughput declined 17% year-on-year to Rs 1,07,798 crore.

Key Points: Fino Bank Q4 Profit Falls 70% to Rs 7.1 Crore

  • Net profit falls 70.4% to Rs 7.1 crore
  • NII rises 31.5% to Rs 35.2 crore
  • Record high deposits at Rs 2,957 crore
  • Customer base expands to 1.75 crore
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Fino Payments Bank's Q4 profit slumps 70 pc to Rs 7.1 crore

Fino Payments Bank Q4 net profit drops 70.4% to Rs 7.1 crore. NII rises 31.5%, deposits hit record high, but total throughput declines 17%.

"The bank also recorded its highest-ever quarterly net revenue margin of 40 per cent in Q4 FY26 - Fino Payments Bank regulatory filing"

Mumbai, April 29

Fino Payments Bank Limited on Wednesday reported a sharp decline in profitability for the March quarter, with net profit falling 70.4 per cent year-on-year to Rs 7.1 crore from Rs 24 crore in the same period previous financial year.

Despite the drop in earnings, the bank showed resilience in core operating metrics. Net interest income (NII) rose 31.5 per cent to Rs 35.2 crore during the quarter, compared to Rs 26.8 crore a year ago, as per its regulatory filing.

The bank also recorded its highest-ever quarterly net revenue margin of 40 per cent in Q4 FY26, supported by an increase in CASA contribution to 45 per cent.

For the full financial year FY26, total revenue stood at Rs 1,587.9 crore, marking a 14 per cent decline year-on-year, while net revenue remained stable at Rs 584.4 crore, as per its regulatory filing.

On the deposits front, the bank witnessed strong growth, with average deposits rising 20 per cent year-on-year to Rs 2,535 crore during the quarter.

It also reported its highest-ever total deposit balance of Rs 2,957 crore on March 14, 2026. CASA renewal income reached a record Rs 62.2 crore in Q4 FY26, up 12 per cent from a year ago.

The bank's customer base expanded to 1.75 crore, with around 6.9 lakh new accounts added during the quarter, including approximately 3.2 lakh in March alone, as per its exchange filing.

However, business activity showed some moderation. Total throughput for the quarter declined 17 per cent year-on-year to Rs 1,07,798 crore, while digital throughput fell 13 per cent to Rs 65,269 crore.

For the full year, total throughput remained flat at Rs 4,64,047 crore, though digital throughput grew 16 per cent to Rs 2,62,009 crore.

- IANS

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Reader Comments

P
Priya S
Finally some good news for small towns! Adding 6.9 lakh new accounts in one quarter shows Fino is reaching the underserved. But why full-year revenue down 14%? Need more transparency in rural banking operations.
J
James A
The digital growth (16% YoY) is impressive. But throughput dropping 17% QoQ is a red flag. Are they losing transaction volume to UPI competitors? Need to see if this is seasonal or structural.
S
Sneha F
My father uses Fino for his pension. It's reliable. But 70% profit drop is scary for retail investors like us. Hope management explains what caused this. 🙁
K
Karthik V
CASA contribution crossing 45% is fantastic for a payments bank. And highest-ever deposits of ₹2,957 crore shows trust is building. The profit drop might be one-time provisions or investment in tech. Let's see next quarter.
M
Michael C
Interesting how NII grew 31% but profits fell 70%. Could be higher provisioning or operating expenses. For a payments bank, the digital throughput growth is good news. Would be cautious on the stock though.
R
Rohit L
This is what happens when you expand too fast! Adding 6.9 lakh accounts costs money

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