Fino Payments Bank Earnings Call Transcript: Key Takeaways
Fino faces a tough Q1 with its profitable B2B UPI business paused for recalibration, causing an EBITDA drop despite strong retail growth.
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Fino faces a tough Q1 with its profitable B2B UPI business paused for recalibration, causing an EBITDA drop despite strong retail growth.
Fino Payments Bank reported a Q1 FY27 loss of ₹13.7 Cr. Despite revenue headwinds, Net Revenue Margin hit a record 42.8% driven by high-margin CASA business expansion.
Fino navigating transition to Small Finance Bank (SFB) amid regulatory headwinds. Q4 revenue dropped 31% YoY, but deposit base hit record ₹2,957cr and CASA grew 22% YoY.
Fino Payments Bank navigate a turbulent FY26, prioritizing risk-calibrated growth and regulatory compliance over aggressive expansion. Despite external headwinds, the bank achieved record deposit balances and successful migration to the Finacle core banking system.
Fino Payments Bank reports FY26 revenue of ₹1,587.9 Cr, down 14% YoY, while net revenue margin expanded to 36.8%. The Bank received in-principle RBI approval for Small Finance Bank (SFB) conversion.