Fino Payments Bank Ltd

- There is no explicit mention of any current or planned new fundraising through debt or equity in the provided transcript. - The company is focusing on building its Small Finance Bank (SFB) transition, with internal preparations such as technology investment (~INR90-100 crores capex for SFB) and organizational planning underway. - No specific guidance or announcement on raising funds via debt or equity has been disclosed during the call. - The management highlighted strong financial performance (with positive PBT and PAT) and ongoing technology investments funded internally. - The focus remains on accelerating CASA and deposit growth, enhancing digital infrastructure, and preparing for SFB operations rather than external fundraising at this stage.

- FY '25 technology capex was INR165 crores, significantly higher YoY, driven by migration of core banking system and platform upgrades. - For FY '26, expected technology capital expenditure is INR100 crores-plus on a business-as-usual basis. - Additional INR90-100 crores capex is anticipated for technology and operations to support transition to Small Finance Bank (SFB). - Technology investments focus on next-generation core banking platform, system architecture overhaul, AI integration for risk management and operational efficiency. - The technology upgrade and migration started FY '16-'17 with increasing investments since 2022 at INR80-100 crores annually, peaking at INR150 crore-plus in FY '25 due to work-in-progress. - Investments enable scalability, low latency, robust transaction handling (e.g., INR1,450 crores transactions/day in March quarter), and product expansion. - Strategy emphasizes ongoing tech investment as a cornerstone for growth, efficiency, compliance, and competitive differentiation.

- FY '25 revenue grew 25% year-on-year, reaching INR 1,847 crores. - Expectation to maintain strong momentum in FY '26 and FY '27, particularly in CASA and digital segments. - Digital revenue surged 4.2x in FY '25, contributing 21% of total revenue; expected to exceed 25% in FY '26. - Digital throughput increased 70% to INR 2.25 lakh crores, accounting for 49% of total throughput. - CASA liabilities grew 37%, with CASA revenue rising 42% in FY '25. - New digital products like Gullak account gaining traction; 7,000-8,000 accounts opened monthly since Nov-Dec '24. - Loan referral business expanded from INR 30 crores to INR 200 crores quarterly; target INR 300 crores. - Technology investment ongoing (~INR 100 crores+ in FY '26) to support scalable and flexible growth, including migration to Finacle core banking. - Focus on calibrated growth aligned with regulatory directives and risk mitigation.

- Fino Payments Bank expects to maintain strong revenue growth momentum similar to FY '25 (25% revenue growth). - PBT growth of 26% in FY '25 reflects operational leverage; a 10% PBT margin target remains linked to Small Finance Bank (SFB) transition. - Digital and CASA segments will continue driving growth, with digital revenue expected to exceed 25% of total in FY '26. - Technology investments (INR 100+ crores capex annually) will continue to enhance platform scalability and efficiency, supporting long-term profitability. - Earnings outlook calibrated with regulatory environment, especially regarding digital fraud and mule accounts. - Cost-income ratio targeted around 25%, supporting disciplined cost management. - Profit after tax grew 7% in FY '25 despite becoming a tax-paying entity. - EPS expected to improve as SFB transition proceeds and operating efficiencies from core banking system migration materialize.

The provided transcript from Fino Payments Bank Limited’s Q4 FY '25 earnings call does not explicitly mention details about the current or expected order book or pending orders. Instead, the discussion focuses on: - Growth in deposits and CASA (Current Account Savings Account) balances. - Digital transaction growth and technology investments. - Transition plans to a Small Finance Bank (SFB). - Expansion strategies in lending, remittances, and digital payments. - Investment in core banking systems and AI to enhance scalability and resilience. - Loan referral business growth from INR 30 crores to INR 200 crores annually, targeting INR 300 crores. No specific data on order book or pending orders is disclosed in this section of the report.