Top News

In an exchange filing on Wednesday (August 20), the company said it had granted 89,762 stock options to ESOP 2020

In a separate filing, the board of directors also approved the appointment of Basavraj Loni as the company secretary and vice president-legal

Fino Payments Bank reported a net profit of INR 17.7 Cr for Q1 FY26, down 27.4% year on year and 26% quarter on quarter

Shares of Fino Payments Bank surged 7.7% to INR 277.75 apiece during early trading hours on the BSE today, buoyed by the announcement of ESOPs and a key leadership addition.

By 12:30 PM, the stock was trading 6.6% higher at INR 274.70 on the BSE, taking the company’s market capitalisation to INR 2,286.01 Cr. Around 8.09 Lakh shares had exchanged hands by then.

In an exchange filing on Wednesday (August 20), the company said it had granted 89,762 stock options to eligible employees under its Employee Stock Option Policy (ESOP 2020). Fino fixed the exercise price at INR 256.90 per stock option, valuing the ESOP issue at INR 2.3 Cr.

In a separate filing, the board of directors also approved the appointment of Basavraj Loni as the company secretary and vice president-legal, effective August 21, 2025.

On the financial front, Fino Payments Bank reported a net profit of INR 17.7 Cr for Q1 FY26down 27.4% year on year and 26% quarter on quarter. The profit decline was largely due to a sharp rise in tax expenses, with the tax outgo at INR 68.7 Cr during the quarter under review, compared to nil in the same period last year.

Meanwhile, the company’s total income rose 3.8% to INR 453.5 Cr from INR 436.8 Cr a year earlier.

(The story will be updated soon.)