Fino Payments Bank jumps on reporting 25% rise in Q4 net profit
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Fino Payments Bank is currently trading at Rs. 222.60, up by 4.60 points or 2.11% from its previous closing of Rs. 218.00 on the BSE.
The scrip opened at Rs. 220.00 and has touched a high and low of Rs. 230.00 and Rs. 220.00 respectively. So far 35440 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 305.80 on 04-May-2022 and a 52 week low of Rs. 182.55 on 17-Nov-2022.
Last one week high and low of the scrip stood at Rs. 230.00 and Rs. 208.15 respectively. The current market cap of the company is Rs. 1842.78 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 11.94% and 13.06% respectively.
Fino Payments Bank has reported results for fourth quarter (Q4) and year ended March 31, 2023.
Fino Payments Bank has reported 25.31% rise in its net profit at Rs 22.08 crore for the quarter under review as compared to Rs 17.62 crore for the same quarter in the previous year. Total income of the bank increased by 13.37% at Rs 323.43 crore for Q4FY23 as compared to Rs 285.29 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the bank has reported 52.27% rise in its net profit at Rs 65.08 crore as compared to Rs 42.74 crore for the previous year. Total income of the bank increased by 21.91% at Rs 1,229.91 crore for year under review as compared to Rs 1,008.85 crore for year ended March 31, 2022.
