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Fino Payments Bank Ltd Q2FY24; 43% rise in Profits

Financial Inclusion Network Operations (“FINO”) is a growing fintech company offering a diverse range of financial products and services that are primarily digital and have a payments focus. It offers such products and services to the target market via a Pan-India distribution network.

Financial Results:

Fino Payments Bank Ltd reported Revenues for Q2FY24 of ₹37.00 Crores up from ₹21.00 Crore year on year, a rise of 76.19%.

Total Expenses for Q2FY24 of ₹339.00 Crores up from ₹290.00 Crores year on year, a rise of 16.9%.

Consolidated Net Profit of ₹20.00 Crores up 42.86% from ₹14.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹2.35, up 41.57% from ₹1.66 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: NBFC
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