Fino Payments Bank Limited released its financials for Q2 FY24

Fino Payments Bank Limited announced its financials for Q2 FY24. The revenue of the company increased by 18.2% from Rs 303.3 Cr in Q2 FY23 to Rs 358.8 Cr in Q2 FY24. The net profit of the company increased by 41.4% from Rs 13.8 Cr in Q2 FY23 to Rs 19.5 Cr in Q2 FY24. The Debt-Equity Ratio of the company increased by 21.4% from 1.4 in Q2 FY23 to 1.7 in Q2 FY24. The capital adequacy ratio of the company decreased by -22.6% from 100.5% in Q2 FY23 to 77.8% in Q2 FY24