Business Standard

Fino Payments Bank net profit rises 116% at Rs 14.1 crore in Dec quarter

Its revenues rose by 20 per cent YoY to Rs 275.16 crore in Q3Fy22

fintech, digital lending, loans, payments, online
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Abhijit Lele Mumbai
Fino Payments Bank (Fino Bank) posted 116 per cent year-on-year (YoY) rise in net profit at Rs 14.1 crore in the third quarter ended December 2021 (Q3Fy22).

Its revenues rose by 20 per cent YoY to Rs 275.16 crore in Q3Fy22. The YOY revenue growth in Fy22 is expected to be in the range of 27-29 per cent over FY21 despite headwinds posed by wave 2 & 3 of Covid, Bank said in an analyst presentation.

Its stock closed 0.6 per cent higher at Rs 392.70 per share on BSE.

Overall throughput value (TPV) grew by 29 per cent YOY

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First Published: Jan 27 2022 | 10:35 PM IST

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