SUMMARY
Fino Payments Bank’s net profit in Q4 FY24 rose over 10% from INR 22.80 Cr in Q3 FY24
Total income zoomed 24% to INR 401.30 Cr in Q4 FY24 from INR 323.43 Cr in the year-ago period
For the full FY24, Fino Payments Bank’s net profit jumped 32% to INR 86.22 Cr from INR 65.08 Cr in FY23
Fino Payments Bank on Tuesday (April 30) reported an over 14% increase in its net profit for the quarter ended March 31, 2024 (Q4 FY24) at INR 25.21 Cr from INR 22.08 Cr in the year-ago quarter.
Profit during the quarter under review grew over 10% from INR 22.80 Cr in Q3 FY24.
The payments bank’s total income zoomed 24% to INR 401.30 Cr in Q4 FY24 from INR 323.43 Cr in the year-ago period. Sequentially, total income jumped 8% from INR 370.20 Cr.
For the full FY24, Fino Payments Bank’s net profit jumped 32% to INR 86.22 Cr from INR 65.08 Cr in FY23.
Shares of the payments bank were trading 1.15% higher at INR 298.35 on the BSE at 03:15 PM.
(This is a breaking story, will be updated soon.)
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