India, April 28 -- Fino Payments Bank's net profit slipped 5% to INR 24 Cr in Q4 FY25 from INR 25.2 Cr in the year-ago quarter on the back of rise in its tax expense.

The company's tax expense ballooned to INR 5.7 Cr in the final quarter of FY25 as against INR 8 Lakh in the year-ago quarter.

On a sequential basis, its net profit grew 4% from INR 23.1 Cr.

The company's total income during the quarter under review stood at INR 493.5 Cr, up over 23% from INR 401.3 Cr in Q4 FY24. It also rose 7% from INR 461.34 in Q3 FY25.

Meanwhile, Fino's total expenses for the quarter grew 7% quarter-on-quarter (QoQ) and 23% year-on-year (YoY) to INR 463.8 Cr.

For the full fiscal year FY25, Fino's PAT profit grew 7% to INR 92.53 Cr from INR 86.22 in F...