Fino Payments Bank FY26 net profit falls 43% YoY to Rs. 5,246 lakhs
RESULTS
▼ Concern Flagged
MEDIUM RISK
📅 Filed on BSE: 29 Apr 2026, 07:16 PM IST · BSE ID: 364f5ea2-7591-4e3c-860b-4675504b5e4b
View Original BSE Filing (PDF)
💡
In Simple Terms
Fino Payments Bank's yearly profit fell 43% compared to last year, as commission income dropped sharply despite strong deposit growth.
🤖 AI Summary
- FY26 net profit Rs. 5,246 lakhs, down 43.3% YoY from Rs. 9,253 lakhs in FY25
- Total income fell 14% to Rs. 1,58,793 lakhs; other income collapsed 19% to Rs. 1,33,975 lakhs
- Deposits grew 22.7% to Rs. 2,37,949 lakhs; borrowings nearly doubled to Rs. 1,53,530 lakhs
- Q4FY26 net profit Rs. 710 lakhs, 70.4% lower YoY; operating profit fell 81.8% to Rs. 539 lakhs
- Chief Risk Officer Aninda Mukherjee re-appointed for 3-year tenure effective May 3, 2026 to May 2, 2029
🔢 Key Numbers — exact figures from BSE filing, not rounded
FY26 Net Profit
Rs. 5,246 lakhs
-43.3%
Q4FY26 Net Profit
Rs. 710 lakhs
-70.4%
FY26 Total Income
Rs. 1,58,793 lakhs
-14.1%
FY26 Other Income
Rs. 1,33,975 lakhs
-19.0%
Deposits (FY26)
Rs. 2,37,949 lakhs
+22.7%
Borrowings (FY26)
Rs. 1,53,530 lakhs
+82.8%
Capital Adequacy Ratio
83.95%
+3.5 percentage points
Debt-to-Equity Ratio
1.91
from 1.12
Basic EPS
Rs. 6.30
-43.3%
Return on Assets
1.10%
-55.1%
🏢 How This Affects the Company
Other income, the primary revenue driver, contracted 19% YoY to Rs. 1,33,975 lakhs. Q4FY26 operating profit before provisions fell 81.8% to Rs. 539 lakhs. The deposit base grew 22.7% YoY, but transaction and commission-based revenue declined significantly, indicating slower monetization of the deposit franchise.
Net profit fell 43.3% to Rs. 5,246 lakhs; basic EPS contracted to Rs. 6.30 from Rs. 11.12. Borrowings nearly doubled to Rs. 1,53,530 lakhs from Rs. 83,946 lakhs, raising debt-to-equity ratio to 1.91 from 1.12. Return on Assets declined to 1.10% from 2.43%. Net worth improved to Rs. 60,391 lakhs from Rs. 57,186 lakhs.
Employee costs remained stable at Rs. 22,229 lakhs (FY25: Rs. 21,276 lakhs). Other operating expenses fell 17.1% to Rs. 1,17,956 lakhs from Rs. 1,42,541 lakhs, reflecting cost discipline.
Debt-to-equity ratio deteriorated sharply to 1.91 from 1.12, indicating higher financial leverage. Total debts to total assets ratio increased to 28.90% from 19.96%. Heavy reliance on borrowings (53% of non-deposit liabilities) combined with declining profitability raises refinancing and liquidity risks.
👥 What This Means For Shareholders
✅
Action Required
No action required. Results already audited and disclosed; dividend decision not announced in this filing.
👤
Who Is Affected
All equity shareholders. Basic EPS fell to Rs. 6.30 from Rs. 11.12 (43.3% decline). Diluted EPS declined to Rs. 6.29 from Rs. 11.08. Return on assets fell to 1.10% from 2.43%.
🔍
Management Signal
Reinvestment in deposits and strengthened CAR to 83.95% suggest focus on balance sheet stability despite earnings pressure. Heavy borrowing indicates capital deployment for growth, but declining returns raise efficiency concerns.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q1FY27 results (July 2026) — verify if other income stabilizes or further contracts
RBI credit policy impact on borrowing costs — track if leverage increase erodes net interest margin
Dividend announcement (if any) — historically tracked in shareholder meetings; check impact on cash flow
MEDIUM RISK
Debt-to-equity ratio spike to 1.91 combined with 43% profit decline and 19% other income contraction. Refinancing risk elevated if transaction/commission revenue remains depressed.
💡 Investor Takeaway
FY26 net profit Rs. 5,246 lakhs fell 43.3% YoY as other income (80% of revenue) contracted 19% to Rs. 1,33,975 lakhs. Deposits grew 22.7% but borrowings doubled to Rs. 1,53,530 lakhs, pushing debt-to-equity to 1.91 from 1.12. Audit report unmodified; profitability compression is structural, not accounting.
⚖️ Strengths & Concerns
✅ Positives
- Deposit base expanded 22.7% YoY to Rs. 2,37,949 lakhs, indicating strong customer acquisition and trust.
- Capital Adequacy Ratio improved to 83.95% from 80.45%, providing substantial capital buffer for growth and regulatory compliance.
⚠️ Concerns
- Net profit collapsed 43.3% YoY to Rs. 5,246 lakhs; other income fell 19% to Rs. 1,33,975 lakhs.
- Debt-to-equity ratio deteriorated to 1.91 from 1.12; borrowings nearly doubled to Rs. 1,53,530 lakhs, signalling leverage buildup.
📅 Company Track Record
Prior quarter (Q3FY26, Dec 2026) filing showed deposits at Rs. 2,950+ crore with renewal income Rs. 62.2 crore, but transaction business declined 30%. This FY26 filing confirms full-year contraction in non-interest income, indicating structural headwinds in commission-based business model.
Based on publicly available historical data. For context only.