Fino Payments Bank Limited — Investor Meet, 04-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Fino Payments Bank's Q2 FY26 revenue stood at ₹400 Cr (-12% YoY), with H1 at ₹853.5 Cr (-4% YoY), impacted by regulatory shifts in digital payments and legacy transaction businesses. Despite this, a strong focus on high-margin CASA accounts (₹159.4 Cr revenue, +21% YoY, 54% margin) and renewals (₹62 Cr, +36% YoY) propelled EBITDA margin to a record 15.4% (+284 bps YoY). Deposits grew 36% YoY to ₹2,306 Cr, adding 9.1 lakh new accounts. The bank anticipates SFB license approval within months, expecting significantly higher yields. Management forecasts H2 profitability to improve as digital payments recover, maintaining a cautiously optimistic outlook.