Fino Payments Bank has announced its Q2 FY25 financial results, showcasing strong growth in both Net Interest Income (NII) and net profit. The bank reported a 27.94% year-on-year (YoY) increase in NII, reaching ₹227 crore, up from ₹176.6 crore in Q2 FY24. The bank’s net profit also showed growth, rising by 8.35% YoY to ₹211.5 crore from ₹195.2 crore in the same quarter last year.
Key Highlights:
- Interest Earned:
- Quarter-on-quarter (QoQ): ₹477.5 crore vs ₹453.3 crore.
- Year-on-year (YoY): ₹477.5 crore vs ₹365.3 crore, reflecting a 30.71% increase.
- Interest Expended:
- QoQ: ₹250.5 crore vs ₹238.9 crore.
- YoY: ₹250.5 crore vs ₹188.7 crore, reflecting a 32.75% increase.
As a result, the bank’s NII (Net Interest Income) rose to ₹227 crore in Q2 FY25, marking a 27.94% YoY growth.
Net Profit:
The bank’s net profit for Q2 FY25 stood at ₹211.5 crore, an 8.35% increase from ₹195.2 crore in the same period last year.
These results reflect Fino Payments Bank’s strong financial performance, driven by increased interest earnings and profitability.
