Q3 2025 Fino Payments Bank Ltd Earnings Call Transcript
Key Points
- Fino Payments Bank Ltd (BOM:543386) reported a 25% year-on-year growth in revenue, reaching INR461 crores, in line with their guidance.
- The company achieved a 25% year-on-year growth in profit before tax, driven by efficient operations and strong growth in digital services.
- Digital transactions now account for 50% of the total throughput, indicating a successful shift towards digital services.
- The CASA business saw a 39% year-on-year growth in average deposits, reaching INR1,890 crores, highlighting increased customer trust.
- The bank's digital user base has grown to nearly 5 million customers, reflecting successful customer engagement and technology leverage.
- The remittance business experienced a decline due to new regulatory guidelines, impacting revenue by approximately 5%.
- Merchant network growth has slowed, with the addition of new merchants becoming more challenging due to market saturation.
- The cost-to-income ratio remains a concern, with ongoing investments in technology and compliance costs impacting margins.
- The company faces competitive pressures in the CMS business, with margins expected to remain range-bound.
- Despite strong digital growth, the UPI MDR remains zero, limiting direct revenue from B2C digital transactions.
Ladies and gentlemen, good day, and welcome to the Fino Payments Bank Limited Q3 FY25 earnings conference call hosted by Go India Advisors. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Rajat Gupta from Go India Advisors. Thank you, and over to you, sir.
Yes. Thank you, Rico. Good afternoon, everyone, and welcome to Fino Payments Bank Earnings Call to discuss the Q3 FY25 results. We have on the call with us today, Mr. Rishi Gupta, Managing Director and Chief Executive Officer; Mr. Ketan Merchant, Chief Financial Officer; and Mr. Anup Agarwal, Head, Investor Relations. We must remind you that the discussion on today's call may include certain forward-looking statements and must be therefore viewed in conjunction with the risk that the company faces. I now request Mr. Rishi Gupta to take us through the company's business outlook and financial highlights, subsequent to which, we'll open the floor for Q&A.
Thank you, and over to you, sir.
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