India, April 30 -- Fino Payments Bank on Tuesday (April 30) reported an over 14% increase in its net profit for the quarter ended March 31, 2024 (Q4 FY24) at INR 25.21 Cr from INR 22.08 Cr in the year-ago quarter.

Profit during the quarter under review grew over 10% from INR 22.80 Cr in Q3 FY24.

The payments bank's total income zoomed 24% to INR 401.30 Cr in Q4 FY24 from INR 323.43 Cr in the year-ago period. Sequentially, total income jumped 8% from INR 370.20 Cr.

Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 26% year-on-year (YoY) to INR 54.2 Cr during the quarter under review, while EBITDA margin expanded to 13.5% from 13.3% in Q3 FY24. However, it contracted quarter-on-quarter (QoQ) from 13.6%.

For the ...