Fino Payments Bank rises on reporting over 2-fold jump in Q4 net profit
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Fino Payments Bank is currently trading at Rs. 262.65, up by 2.00 points or 0.77% from its previous closing of Rs. 260.65 on the BSE.
The scrip opened at Rs. 292.00 and has touched a high and low of Rs. 292.00 and Rs. 261.00 respectively. So far 5163 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 583.35 on 12-Nov-2021 and a 52 week low of Rs. 246.00 on 24-Feb-2022.
Last one week high and low of the scrip stood at Rs. 285.00 and Rs. 250.00 respectively. The current market cap of the company is Rs. 2185.62 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 19.06% and 5.94% respectively.
Fino Payments Bank has reported over 2-fold jump in its net profit at Rs 17.62 crore for the quarter ended March 31, 2022 as compared to Rs 7.57 crore for the same quarter in the previous year. Total income of the bank increased by 23.05% at Rs 285.29 crore for Q4FY22 as compared Rs 231.85 crore for the corresponding quarter previous year.
For the year ended March 31, 2022, the bank has reported 2 -fold jump in its net profit at Rs 42.74 crore as compared to Rs 20.47 crore for the previous year. Total income of the bank increased by 27.54% at Rs 1008.85 crore for year under review as compared to Rs 791.03 crore for year ended March 31, 2021.
