One97 Communications Ltd, the mum or dad of Paytm, reported a net profit of ₹225 crore for the quarter ended December 31 (Q3 FY26), marking its third consecutive worthwhile quarter. The corporate had posted a net lack of ₹208 crore in the identical interval final yr.
The turnaround was pushed by robust development in fee transactions, merchant subscriptions — particularly soundbox gadgets — and distribution of economic services, together with private and merchant loans.
Working income rose 20% year-on-year to ₹2,194 crore, supported by a 24% leap in Gross Merchandise Worth (GMV) to ₹6.2 lakh crore. The corporate’s EBITDA improved to ₹156 crore with a margin of seven%, a year-on-year enchancment of ₹379 crore. Oblique prices declined 8% to ₹1,092 crore, aided by decrease worker bills and provision for uncertain money owed.
Paytm’s fee services income grew 21% year-on-year to ₹1,284 crore, whereas net fee income rose 25% to ₹613 crore. Merchant subscriptions reached 1.44 crore, with 27 lakh gadgets added over the previous yr.
Income from monetary services distribution surged 34% year-on-year to ₹672 crore. Contribution profit grew 30% to ₹1,249 crore, with a contribution margin of 57%.
Paytm additionally benefited from incentives below the RBI’s Funds Infrastructure Improvement Fund (PIDF), incomes ₹216 crore for the 9 months ended December. Whereas the PIDF is about to expire by the tip of 2025, the corporate expects its contribution margin to stay within the mid-50% vary.
The agency highlighted features in shopper UPI share, with its UPI GMV rising 35% within the final 9 months, greater than double the trade development of 16%. Backed by an AI-first technique and product-led innovation, Paytm continues to strengthen its management throughout merchant classes and enhance unit economics.
The corporate closed the quarter with a money steadiness of ₹12,882 crore.
Shares of One 97 Communications Restricted closed the day at Rs 1,171.80 (down 0.44 %) on January 29.
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