Fino Payments Bank’s net profit declined 47% to INR 12.3 Cr in the December 2025 quarter (Q3 FY26) from INR 23.1 Cr in the year-ago period. This also marked a 20% decline from INR 15.4 Cr profit registered in the previous quarter. Total income for the quarter declined 15% YoY and 2% QoQ to INR 394.4 Cr. It attributed the decline in revenue due to a fall in its traditional transaction business. Fino Payments Bank earns revenue primarily from three streams – retail banking, treasury and other banking operations. During the period under review, it earned INR 128.2 Cr (up 22% YoY) from retail banking, INR 63.3 Cr (up 28% YoY) from treasury and about INR 202.9 Cr from other banking operations. Revenue from other banking operations declined, its largest revenue driver, declined 33% YoY. While profitability moderated, Fino’s EBITDA grew 6% YoY to INR 63.9 Cr along with it posting its highest-ever EBITDA margin of 16.2% (+300 bps YoY). Meanwhile, total expenses, excluding provisions and contingencies, grew 13% YoY to INR 373.9 Cr in Q3 FY26. The company incurred an exceptional expense of INR 3.1 Cr during the quarter. In terms of operational footprint in Q3 FY26, Fino Payments… Read MoreInc42 Media
