Fino Payments Q1 FY27 Results (NSE: FINOPB)
Signal: Slipped to loss
The read
The earnings trajectory has inflected negatively: total income fell 32.4% YoY to ₹30,687 lakh as other income dropped 40.2% to ₹23,464 lakh, and the ₹1,372 lakh operating loss indicates that fee-led revenue weakness is again overwhelming the 13.1% YoY NII growth.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹306.87 Cr | -32.4% | -9.7% |
| EBIT | ₹-13.72 Cr | -155.7% | |
| Net profit | ₹-13.72 Cr | -177.3% | |
| EPS | ₹-1.65 | -177.5% | |
| EBIT margin | 0% |
P&L walk
NII rose to ₹3,690 lakh, +13.1% YoY, but total income fell 32.4% to ₹30,687 lakh because other income declined 40.2% to ₹23,464 lakh; operating expenses of ₹28,526 lakh exceeded income and drove a ₹1,372 lakh loss.
Segments
Other Banking Operations drove the deterioration, moving from a ₹2,298 lakh profit YoY and ₹-250 lakh loss QoQ to a ₹2,482 lakh loss, while Retail Banking profit rose to ₹7,166 lakh and Treasury profit rose to ₹4,740 lakh.
Key positives
- NII increased 13.1% YoY to ₹3,690 lakh and 4.8% QoQ, supported by interest earned growth of 18.4% YoY to ₹7,223 lakh.
- Retail Banking segment profit increased to ₹7,166 lakh from ₹4,815 lakh YoY, while Treasury segment profit rose to ₹4,740 lakh from ₹4,366 lakh.
- Capital adequacy remained high at 82.58%, despite declining 1.37pp QoQ.
Key concerns
- Total income declined 32.4% YoY to ₹30,687 lakh because other income fell 40.2% to ₹23,464 lakh.
- Operating expenses of ₹28,526 lakh consumed nearly all current-quarter income and produced a pre-provision operating loss of ₹1,372 lakh.
- Other Banking Operations swung to a ₹2,482 lakh loss from a ₹2,298 lakh profit YoY, indicating weakness in the transaction and fee-led operating engine.
Research and educational content only. Not investment advice.