Fino Paytech announced their FY24 results.

Fino Paytech announced their FY24 results.
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Financial Analyst Intern
Publish Date5 September 2024
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The company focuses on providing technology-driven solutions and services to promote financial inclusion. In FY24, the company reported a revenue of ₹1,497 Cr, up from ₹1,291 Cr in FY23. Net Profit After Tax rose significantly to ₹81 Cr, compared to ₹50 Cr in the previous year. The strategic initiatives highlight Fino PayTech Limited's efforts to streamline its group structure through a corporate restructuring proposal, enhance financial inclusion through its technology platform, expand its client base across various sectors, and improve the performance of its subsidiaries. Despite these positive developments, the financial results indicate that the company continues to face challenges in improving its standalone financial performance.

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