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Fino Payments Bank Ltd share Price

Company details

6M Return 58.31%
1Y Return 28.94%
Mkt Cap.(Cr) 2,654.53
Volume 172,788
Div Yield 0.00%
OI Chg %
Volume 172,788

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Fino Payments Bank announced Q1FY24 results:

  • Revenue increased 21% YoY to Rs 348 crore.
  • EBITDA and PAT expanded by 72% and 85% YoY to Rs 41 crore and Rs 19 crore, respectively.
  • PAT margins increased to 5.4% in Q1FY24 from 3.5% in Q1FY23 while EBITDA margins increased to 11.6% from 8.2% for the same period.
  • Q1FY24 RoE at 13.6% v/s 8.5% in Q1FY23.
  • Q1FY24 was the first-ever quarter where the total throughput crossed Rs 75,000 crore.
  • Digital throughput grew 94% YoY to Rs 18,351 crore; digital throughput is also 24% of overall throughput in Q1FY24, up from 16% in Q1FY23
  • ~41 crore transactions were processed in the Fino ecosystem, up 63% YoY

Rishi Gupta, CEO & Managing Director said, “We are very happy to announce another quarter of strong performance which is in the right direction towards meeting our stated guidance of FY26. We intend to supplement payments bank business with lending to known customers through the enhancement of license. Our opportunity to grow by transiting to SFB is significant on the back of optimal leveraging of our widespread network to cater to the unmet credit demand of our merchants and customers. Fino’s core business activity will continue to be that of a banking service provider to the existing target segment with credit as an additional service offering.”

Ketan Merchant, Chief Financial Officer said, “We are delighted to announce the highest ever quarterly revenue in the bank’s history as we continue to aim to grow at 20 percent YoY, focusing on customer ownership business and high margin products. Our SFB will be a Payments Bank model, different from existing players wherein the fee-based income will constitute 75% - 80% of the revenue in the first few years of operation.”


Result PDF

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Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Fino Payments Bank Ltd Stocks COMPARISION


Equity Capital: 552.54 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 13,565.29 -8,591.81
LAST 3M 37,244.98 3,231.65
LAST 6M 45,909.21 154,115.29
LAST 12M 133,371.71 158,810.39

Fino Payments Bank Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • The Bank was incorporated as Fino Fintech Foundation on 23 June 2007.Pursuant to surrender of the license under section 8 of Companies Act, 2013, the name was changed to Fino Fintech Private Limited and a fresh certificate of incorporation dated 15 December 2015 was issued by Registrar of Companies, Maharashtra at Mumbai. Thereafter, pursuant to the conversion of the Bank to a public limited company, the name of the Bank was changed to Fino Fintech Limited on 03 February 2017. The Promoter, Fino PayTech Limited, was granted an in-principle approval to establish a payments bank ("Payments Bank"), by the RBI, pursuant to its letter dated 07 September 2015. Subsequently, the Bank received the final approval of the RBI to carry on the business as a Payments Bank on 30 March 2017. Pursuant to receipt of approval by RBI, the name of the Bank was changed to Fino Payments Bank Limited on 04 April 2017. The Bank commenced its business operations on 30 June 2017.The bank is a wholly owned subsidiary of FINO PayTech Ltd which is engaged in providing business and banking technology platform based solutions and services related to financial inclusion. The bank is engaged in providing a wide range of financial services to the rural,poor and underserved and unserved classes. Fino Payments Bank offers a diverse range of financial products and services that are primarily digital and have a payments focus, and operates an asset light business model that principally relies on fee and commission based income generated from merchant network and strategic commercial relationships. In the FY2021 and the three months ended 30 June 2021, its platform facilitated approximately 43.5 crore and 12.33 crore transactions, respectively and had gross transaction value of Rs 1,32,930.69 crore and Rs 39,035.99 crore, respectively. In the month of October 2021,the bank come out with an Rs 1200.29-crore IPO comprised a fresh issue of Rs 300 crore and an offer for sale of Rs 900.29 crore by the promoter.The proceeds from the fresh issue will get utilised for augmenting bank`s tier-1 capital base to meet its future capital requirements.The IPO shares were issued and allotted at a price of Rs 577 per share including the premium of Rs 567 per share.The allotted shares were listed on the BSE Ltd and National Stock Exchange of India Ltd(NSE) on 12 November 2021.

Registered Address

Mindspace Juinagar Plot No Gen, 2/1/F Tower 1 8thFlr TTC IndlA, Navi Mumbai, Maharashtra, 400706

Tel : 91-22-7104 7000
Email : basavraj.loni:finobank.com
Website : http://www.finobank.com

KFin Techologies Ltd

AGM Date (Month) :
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 543386
Book Closure Date (Month) :
BSE Group : B
ISIN : INE02NC01014

FAQ’s on Fino Payments Bank Ltd Shares

You can buy Fino Payments Bank Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Fino Payments Bank Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Sep 22, 2023 03:54 PM the closing price of Fino Payments Bank Ltd was ₹ 319.00.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Sep 22, 2023 03:54 PM, the market cap of Fino Payments Bank Ltd stood at ₹ 2,654.53.

The latest PE ratio of Fino Payments Bank Ltd as of Sep 22, 2023 03:54 PM is 35.92

The latest PB ratio of Fino Payments Bank Ltd as of Sep 22, 2023 03:54 PM is 0.21

The 52-week high of Fino Payments Bank Ltd is ₹ 379.50 while the 52-week low is ₹ 180.20

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