Fino Payments Bank Limited released its financials for Q2 FY24

02 November 2023

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