Fino Payments Bank Ltd posts net profit of Rs. 19.52 crores in Q2 FY2023-24

Fino Payments Bank Limited has reported Standalone financial results for the period ended September 30, 2023.

Financial Results (Q2 FY2024) - QoQ Comparison

The company has reported total income of Rs. 358.58 crores during the period ended September 30, 2023 as compared to Rs. 348.31 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 19.52 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 18.70 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 2.35 for the period ended September 30, 2023 as compared to Rs. 2.25 for the period ended June 30, 2023.

Financials	Q2 FY2024	Q1 FY2024	% Change
Total Income	₹ 358.58 crs	₹348.31 crs	2.95%
Net Profit	₹19.52 crs	₹18.70 crs	4.39%
EPS	₹2.35	₹2.25	4.44%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 358.58 crores during the period ended September 30, 2023 as compared to Rs.303.33 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.19.52 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.13.80 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.2.35 for the period ended September 30, 2023 as compared to Rs.1.66 for the period ended September 30, 2022.

Financials	Q2 FY2024	Q2 FY2023	% Change
Total Income	₹ 358.58 crs	₹303.33 crs	18.21%
Net Profit	₹19.52 crs	₹13.80 crs	41.45%
EPS	₹2.35	₹1.66	41.57%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.706.89 crores during the 6 Months period ended September 30, 2023 as compared to Rs.592.38 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.38.22 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.23.90 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.4.59 for the 6 Months period ended September 30, 2023 as compared to Rs.2.87 for the 6 Months period ended September 30, 2022.

Financials	Half Year Ended FY2024	Half Year Ended FY2023	% Change
Total Income	₹706.89 crs	₹592.38 crs	19.33%
Net Profit	₹38.22 crs	₹23.90 crs	59.92%
EPS	₹4.59	₹2.87	59.93%

Shares of Fino Payments Bank Limited was last trading in BSE at Rs. 305.30 as compared to the previous close of Rs. 298.70. The total number of shares traded during the day was 10760 in over 764 trades.

The stock hit an intraday high of Rs. 314.05 and intraday low of 296.20. The net turnover during the day was Rs. 3294271.00.

Source : Equity Bulls

Keywords

FinoPaymentsBank Q2FY24 H1FY24 ResultUpdate