Fino Payments Bank Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
Fino Payments Bank reported a challenging Q1 FY27 in which its UPI P2M B2B business remained paused for recalibration while net revenue margin expanded to 42.8% and referral loan disbursals grew sharply to Rs 628 crores. Management described progress on the Small Finance Bank transition, including technology partner onboarding and leadership hiring plans, while EBITDA declined to Rs 43.1 crores from Rs 56 crores in Q4 FY26. The bank also reported growth in average total deposits, digitally active customers, and renewal income during the quarter.
Fino Payments Bank reported Q4 FY26 revenue down 31% year-on-year and full-year revenue down 14%, which management attributed to regulatory-driven declines in digital payments and bank-led DMT remittances rather than customer attrition. The bank recorded record quarterly renewal income of Rs 62.2 crore, added 3.2 lakh new CASA accounts in March alone, and reached total deposits of Rs 2,957 crore, while completing its core banking migration to Finacle. Management discussed the bank's progress toward converting to a Small Finance Bank following RBI's in-principle approval, along with an unspecified event during Q4 that led to interim CEO leadership arrangements approved by the RBI.