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Fino Payments Bank Ltd share Price Today

Company details

274.95
283.05
205.00
384.00
6M Return 0.47%
1Y Return 33.24%
Mkt Cap.(Cr) 2,305.03
Volume 52,691
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 52,691

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Fino Payments Bank announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Throughput increased by 52% and digital throughput increased 175% YoY.
  • Revenue increased 24% YoY to Rs 401.3 crore.
  • EBITDA growth was 26% YoY at Rs 54.2 crore from Rs 43.0 crore
  • PAT growth at 14% YoY with Rs 25.2 crore.
  • Digital throughput contributes 42% of overall throughput in Q4FY24, up from 23% in Q4FY23.

FY24 Financial Highlights:

  • FY24 revenue increased 20% YoY to Rs 1,478.4 crore.
  • EBITDA expanded by 41% YoY to Rs 191.4 crore and PAT grew by 32% YoY to Rs 86.2 crore.
  • PAT margins in FY24 at 5.8% up from 5.3% in FY23.
  • Throughput increased by 41% YoY in FY24. Digital impetus gains further ground as it contributes 37% to the overall throughput (up from 19% in FY23). 

Rishi Gupta, CEO & Managing Director said, “This has been the highest profitable quarter for us in the history of the Bank. This remarkable achievement coupled by the key milestone of reaching 1 crore customers gives me enhanced confidence of future growth potential. Our TAM (Transaction, Acquisition and Monetization) strategy is playing its part for sustainable business growth. Our objective is to establish ourselves as the preferred digital banking destination by introducing advanced product offerings crafted to leverage emerging growth opportunities in Bharat.”

Ketan Merchant, Chief Financial Officer said, “We are proud to announce our 17th consecutive profitable quarter, extending our consistent streak of profitability and growth. This quarter's performance reaffirms the success of our lean and digital-centric growth approach. Our growth in annuity income by 75% in FY’24, further reinforces the sustainability and growth in the business model.”

Result PDF

View Other Company Results

Fino Payments Bank Ltd shares SWOT Analysis

Strengths (9)

  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year
  • Growth in Net Profit with increasing Profit Margin (QoQ)

Weakness (5)

  • Negative Breakdown First Support (LTP < S1)
  • Rising other income, and low operating income
  • Low Piotroski Score : Companies with weak financials

Opportunity (0)

Data not found

Threats (1)

  • RSI indicating price weakness

Resistance and support

R1 281.5
R2 282.8
R3 284.5
Pivot

279.75

S1 278.5
S2 276.8
S3 275.5
EMA SMA
283.4
289.2
292.6
290.4
284.5
288.9
298.3
303.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2023-07-31 343.95 449875 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2023-07-31 343.82 449875 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2023-07-28 321.91 539323 NSE
Name Category Shares
Fino Paytech Limited PROMOTER 75%

FINANCIALS

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Fino Payments Bank Ltd Stocks COMPARISON

Financials( in Cr) Fino Payments Bank Ltd HDFC Bank Ltd ICICI Bank Ltd State Bank of India Axis Bank Ltd
Price 277.00 1,527.50 1,129.55 833.50 1,187.25
% Change -1.16 0.68 -0.21 0.59 1.13
Mcap Cr 2,305.03 1,160,428.16 793,207.96 743,866.41 366,453.02
Revenue TTM Cr 94.86 170,754.05 121,066.81 350,844.58 87,448.37
Net Profit TTM Cr 65.09 46,148.70 34,463.03 56,558.43 10,852.66
PE TTM 27.06 17.98 17.97 10.22 13.74
1 Year Return 33.24 -5.46 20.08 43.04 29.37
ROCE 0.00 0.00 0.00 0.00 0.00
ROE 7.09 17.20 17.66 18.44 8.75
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 552.54 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 29,248.28 -22,040.96
LAST 3M 102,638.29 -30,717.76
LAST 6M 167,920.74 50,623.85
LAST 12M 262,867.28 126,756.31

Fino Payments Bank Ltd Information

Stock PE (TTM)
27.06
Promoter Holding
75%
Book Value
75.4623
ROE
7.09%
Description
  • 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
Registrar

KFin Techologies Ltd

AGM Date (Month) :
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 543386
NSE Code : FINOPB
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 May 27, 2024 03:29 PM the closing price of Fino Payments Bank Ltd was Rs.277.00.

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 May 27, 2024 03:29 PM, the market cap of Fino Payments Bank Ltd stood at Rs. 2,305.03.

The latest PE ratio of Fino Payments Bank Ltd as of May 27, 2024 03:29 PM is 27.06

The latest PB ratio of Fino Payments Bank Ltd as of May 27, 2024 03:29 PM is 0.27

The 52-week high of Fino Payments Bank Ltd share price is Rs. 384.00 while the 52-week low is Rs. 205.00

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