Fino Payments Bank Q4 and FY’25: PBT up 26% to Rs 108.3 crore; marks 5th year of profitability

DBT Bureau

Pune, 30 April 2025

Fino Payments Bank Limited announced its financial results for the fourth quarter and full year ended 31 March 2025. The Bank reported robust growth across its digital, annuity, and deposit verticals, underpinned by platform scalability, sustained customer acquisition, and effective technology optimisation.

Key Highlights

• First Payments Bank to maintain consistent profitability for five consecutive years (Q4 FY’20 – Q4 FY’25)
• FY’25 revenue at Rs 1,847 crore, in line with guidance, reflecting 25% YoY growth
• High-margin CMS and CASA products contributed 38% to the revenue in FY’25
• Digital (UPI) transactions volume crossed 288 crore in FY’25 up 80% over FY’24
• Bank clocked over Rs 1,260 crore transactions on a daily basis in FY’25 thereby demonstrating a record annual throughput of Rs 4.6+ lakh crore, registering 29% YoY growth

Financial Highlights

Segment-wise Highlights

Digital Momentum

• Digital throughput rose 70% YoY to Rs 225,482 crore in FY’25
• Contributed 1.62% of national UPI transaction volume in Q4’25
• Digital payments revenue grew 4.2x YoY to Rs 390 crore

Customer Ownership

• Customer base reached 1.43 crore, a 30% YoY increase
• 33+ lakh new accounts opened during FY’25. (Over 9,000 accounts opened everyday)
• Average deposits rose 37% YoY to Rs 1,849 crore.
• Strong liability franchise augurs well to mobilise low cost deposits and explore future growth opportunities, including Small Finance Bank transition
• CASA renewal income reached ₹190 crore, up 48% YoY
• ~ 53 lakh customers digitally active in Mar’25 setting base for higher balances and renewal revenue.

CMS (FY’25)

• Client base expanded to 230, a 11% YoY increase
• CMS throughput grew 24% YoY to Rs 83,451 crore

Technology Update

• Invested over Rs 150 crore+ in FY’25, will continue to invest in superior technology.
• Core banking platform (CBS) migration to Finacle is progressing as planned and is expected to be completed by Q1’26
• UPI: Handled ~1 crore daily transaction volume in Q4’25

Management Commentary

Rishi Gupta, MD & CEO, said:

“FY’25 has been a transformational year for Fino. Our endeavour to position ourselves as a leading digital player is reflected in our growth. Leveraging our technology-enabled network and digital ecosystem has been our mantra for sustainable growth. Our diligent customer centric approach enhances our long-term vision of monetising our customer base. Importantly, our strategic focus on customer ownership, digital-first approach, continuous innovation and exploring value creating avenues is at the core of our commitment to inclusive growth and profitability.”

Ketan Merchant, CFO, added:

“We delivered on our revised guidance of 25% YoY (5% up from earlier guidance of 20%) growth in topline and remain focused on creating long-term shareholder value with discipline and agility. Our sustained performance has made Fino the first payments bank to remain profitable for five consecutive years. Our continued focus on the highly profitable digital segment has delivered exceptional results, with digital now contributing 21% to the total revenue – exceeding our expectations in FY’25.”