Fino Payments Bank Reports Mixed Financial Results for Q2 FY25
Fino Payments Bank, a smallcap finance company, recently announced its financial results for the quarter ending September 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.
According to the financials, Fino Payments has seen a flat performance in the quarter, with a score of -2 compared to 6 in the previous quarter. However, there are some positive aspects to the company’s performance. The net sales for the quarter were the highest in the last five quarters at Rs 47.74 crore, and have been growing each quarter. This indicates a positive trend in the company’s sales.
On the other hand, there are some areas that need improvement. The operating profit (PBDIT) for the quarter was the lowest in the last five quarters at Rs -381.73 crore, and has been falling each quarter. This trend is also reflected in the profit before tax (PBT) less other income, which has also fallen each quarter and is at its lowest at Rs -381.73 crore. This is a cause for concern as it indicates a negative trend in the company’s profitability.
Moreover, the non-operating income for the quarter is 1,572.16% of the PBT, which means that the company’s income from non-business activities is high. This may not be a sustainable business model in the long run. Additionally, the non-operating income for the quarter is the highest in the last five quarters, which may not be sustainable.
Overall, Fino Payments Bank’s financial performance for the quarter ending September 2024 has been mixed. While there are some positive aspects, there are also areas that need improvement. Investors are advised to hold their position and monitor the company’s performance closely.
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