Net Profit Rises 14% YoY

April 30, 2024

, By INC42

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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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Net Profit Rises 14% YoY

April 30, 2024

, Published By INC42

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.)

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

General Catalyst’s Anand Chandrasekaran Steps Down As Partner

Next News

Devastated by his image being posted to a porn site, this founder hit on an AI startup idea

More like this

Popular

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