{"id":150377,"date":"2023-07-28T08:50:30","date_gmt":"2023-07-28T12:50:30","guid":{"rendered":"https:\/\/44.250.171.167\/?p=150377"},"modified":"2023-07-28T08:50:30","modified_gmt":"2023-07-28T12:50:30","slug":"fino-payments-bank-ltd-q1fy24-90-rise-in-profits","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/fino-payments-bank-ltd-q1fy24-90-rise-in-profits\/","title":{"rendered":"Fino Payments Bank Ltd Q1FY24; 90% rise in Profits"},"content":{"rendered":"<p>Financial Inclusion Network Operations (\u201cFINO\u201d) 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.<\/p>\n<p><strong>Financial Results:<\/strong><\/p>\n<ul>\n<li>Fino Payments Bank Ltd reported Revenues for Q1FY24 of \u20b933.00 Crores up from \u20b919.00 Crore year on year, a rise of 73.68%.<\/li>\n<li>Total Expenses for Q1FY24 of \u20b9329.00 Crores up from \u20b9279.00 Crores year on year, a rise of 17.92%.<\/li>\n<li>Consolidated Net Profit of \u20b919.00 Crores up 90.0% from \u20b910.00 Crores in the same quarter of the previous year.<\/li>\n<li>The Earnings per Share is \u20b92.25, up 85.95% from \u20b91.21 in the same quarter of the previous year.<\/li>\n<\/ul>\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"839\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-364-839x1024.png\" alt=\"\" class=\"wp-image-150380\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-364-839x1024.png 839w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-364-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-364-768x937.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-364-1259x1536.png 1259w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-364.png 1489w\" sizes=\"auto, (max-width: 839px) 100vw, 839px\" \/><\/figure>\n\n\n<p>*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. <br \/>*The presented data is automatically generated. It may occasionally generate incorrect information.<\/p>","protected":false},"excerpt":{"rendered":"<p>Financial Inclusion Network Operations (\u201cFINO\u201d) 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 Q1FY24 of \u20b933.00 [&hellip;]<\/p>\n","protected":false},"author":1917,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,392],"tags":[763],"class_list":["post-150377","post","type-post","status-publish","format-standard","hentry","category-infographics","category-earnings","tag-payments"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":152272,"url":"https:\/\/alphastreet.com\/india\/jtekt-india-ltd-q1fy24-19-rise-in-profits\/","url_meta":{"origin":150377,"position":0},"title":"JTEKT India Ltd Q1FY24; 19% rise in Profits","author":"Hardik Bhandare","date":"August 10, 2023","format":false,"excerpt":"JTEKT India Ltd is primarily engaged in the business of manufacturing steering systems & other auto components for the passenger car and utility vehicle manufacturers in the automobile sector. 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