Fino Payments Bank Posts ₹21 Cr Loss In Q2, Total Income Falls 17% YoY

Fino Payments Bank posted a second consecutive quarter of loss in Q2 FY27, reporting a net loss of ₹20.9 Cr against a net profit of ₹15.4 Cr in the year-ago period.

This is the second consecutive loss making quarter for the company after the operational disruptions it faced in February. Net loss widened 52.3% from ₹13.7 Cr loss incurred in the previous quarter.  

The company’s total income for the quarter declined 16.6% to ₹333.6 Cr from ₹400.1 Cr in the year-ago quarter. It increased 8.7% from ₹306.9 Cr in the preceding June quarter.

Fino’s other income, which includes fees and commissions from its banking and payment services, declined 23.8% YoY to ₹259.2 Cr from ₹339.9 Cr. Meanwhile, the company’s interest earned, from income on investments, balance with RBI and others and interest on advances/ bills, increased 24% YoY to ₹74.5 Cr.

This category includes earnings from current and savings accounts, micro-ATMs, Aadhaar Enabled Payment System (AePS) transactions, domestic remittances, debit cards, third-party products, business correspondent banking, digital payments, and cash management services.

Fino’s total expenditure, excluding provisions and contingencies, declined 6.4% YoY to ₹354.5 Cr from ₹378.8 Cr, remaining above its total income.

(The story will be updated soon)

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