Fino Payments Bank Ltd - 543386 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to Regulation 47 of the Listing Regulations, enclosed herewith are the copies of newspaper publication of Unaudited Financial Result of Fino Payments Bank Limited ('the Bank') for the first quarter ended June 30, 2022 published in Financial Express Journal (English newspaper), Free Press Journal (English newspaper) and Navshakti (Marathi newspaper) on July 29, 2022. Fino Payments Bank Ltd - 543386 - Audio Recording Of Earnings Call (Q1 FY-2022-23)
In continuation of our letter dated July 26, 2022 and pursuant to the Regulation 30 read with Para A of Part A of Schedule III of the Listing Regulations, the link of recording of earnings call is made available in the letter. Q1FY23 Quarterly Result Announced for Fino Payments Bank Ltd.
Fino Payments Bank Announced Q1FY23 Result : Strong Growth Trajectory: Throughput value excluding digital, crosses Rs 50,000 cr for the first time in a quarter Revenue up by 40% YoY to Rs 289 cr For the first time in the history of Fino, revenue in a first quarter has also grown sequentially over the last quarter of the previous financial year Transaction revenue excluding BC banking was up by 22% YoY Subscription and on-boarding revenue continued to register strong momentum with a 68% YoY growth despite moderation in on-boarding fees EBITDA and PAT grew by 111% YoY and by 223% YoY to Rs 24 cr and Rs 10 cr, respectively EBITDA margins widened to 8.2% in Q1FY23 from 5.4% in Q1FY22 while PAT margins widened to 3.5% in Q1FY23 from 1.5% in Q1FY22 If PAT is adjusted for the digital spends (these spends are more of an investment for the future), it would’ve been higher by 30% in Q1FY23 Rishi Gupta, CEO & Managing Director: “The quarter ended marked the tenth straight quarter profit. And with it half of our five year existence as a payments bank has been profitable. A remarkable achievement given the concerns, reiterating the robustness of our asset light, scalable, growth oriented business model. Our customer centric innovations, partnerships and ability to identify opportunities have been critical in our growth story. We will continue the momentum with emphasis on customer acquisition strategy and I am confident of our next growth phase driven by high growth products and digital initiatives.” Ketan Merchant, Chief Financial Officer: “At Fino, our focus has always been on strong bottom line growth. We have been able to double our PAT despite some strong headwinds on inflation. Our endeavour is to leverage the 1.14 million strong network and dovetail our digital strategy to enhance cross sell opportunities in the long run for stakeholder value creation.” Result PDF Fino Payments Bank Ltd - 543386 - Announcement under Regulation 30 (LODR)-Investor Presentation
In continuation to our letter dated July 26, 2022, July 27, 2022 and pursuant to Regulation 30 of the SEBI Listing Regulations, please find attached the revised investor presentation on Unaudited Financial Results of Fino Payments Bank Limited ('the Bank') for the first quarter ended June 30, 2022. Fino Payments Bank Ltd - 543386 - Announcement under Regulation 30 (LODR)-Investor Presentation
In continuation to our letter dated July 26, 2022, July 27, 2022 and pursuant to Regulation 30 of the SEBI Listing Regulations, please find attached the revised investor presentation on Unaudited Financial Results of Fino Payments Bank Limited ('the Bank') for the first quarter ended June 30, 2022 Fino Payments Bank Ltd - 543386 - Announcement under Regulation 30 (LODR)-Investor Presentation
In continuation to our letter dated July 26, 2022 and pursuant to Regulation 30 of the SEBI Listing Regulations, please find attached the investor presentation on Unaudited Financial Results of Fino Payments Bank Limited ('the Bank') for the first quarter ended June 30, 2022 Fino Payments Bank Ltd - 543386 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), we enclose herewith the press release on Unaudited Financial Results for the first quarter ended June 30, 2022. Fino Payments Bank Ltd - 543386 - The Re-Appointment Of Mr. Rishi Gupta (DIN: 01433190) As Managing Director And Chief Executive Officer Of The Bank.
The re-appointment of Mr. Rishi Gupta (DIN: 01433190) as Managing Director and Chief Executive Officer of the Bank for a period of 3 (three) consecutive years, commencing from May 02, 2023 to May 01, 2026 (both days inclusive). The brief profile of Mr. Rishi Gupta is disclosed in the letter. Fino Payments Bank Ltd - 543386 - Announcement under Regulation 30 (LODR)-Change in Directorate
The appointment of Mr. Rakesh Bhartia (DIN: 00877865) as an Additional Director in the capacity of 'Independent Director' of the Bank with effect from July 27, 2022. The brief profile of Mr. Rakesh Bhartia is disclosed in the letter. Fino Payments Bank Ltd - 543386 - Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
The appointment of M/s. A P Sanzgiri & Co., Chartered Accountants (ICAI Firm Registration No.: 116293W) as the Statutory Central Auditor of the Bank, in place of MSKC & Associates, (formerly known as R.K. Kumar & Co.), for a period of 1 (one) year, subject to approval of the shareholders at the ensuing Annual General Meeting of the Bank. The Bank has received RBI approval for their appointment. The brief profile of M/s. A P Sanzgiri & Co is disclosed in the letter.