India, May 6 -- "FY25 was truly a transformational year for Fino," MD and CEO Rishi Gupta said at the beginning of Fino Payment Bank's earnings call for Q4 FY25.

Registering its fifth consecutive profitable fiscal, the payments bank posted a net profit of INR 92.5 Cr in FY25, up 7% YoY. The company registered a 25% YoY increase in its top line, reporting a total revenue of INR 1,847.1 Cr.

While its top-line growth was in line with its guidance for the fiscal year, taxes took a toll on its profitability. Notably, the bank became a tax-paying entity in Q2 FY25.

Speaking with Inc42, CFO Ketan Merchant said that the payments bank is now targeting a 20-25% growth in its FY26 top line. The bank, however, expects its profit before tax (PBT) t...