New Delhi, November 4 (IANS). Leading payments and financial services provider Paytm on Tuesday announced its financial results for the quarter ended September 30 (Q2FY26), which showed consistent improvement in all profitability metrics.
The company’s operating revenue increased by 24 percent to Rs 2,061 crore compared to last year. This is due to increase in subscription merchants, higher payments GMV and growth in distribution of financial services.
EBITDA grew by 7% margin to Rs 142 crore, reflecting AI-led operating leverage, continued cost discipline and the early festive season.
Paytm has reported a profit after tax (PAT) of Rs 21 crore, which includes a one-time charge of Rs 190 crore for the full impairment of shareholder loan.
Additionally, PAT increased to Rs 211 crore, reflecting the company’s underlying strength and efficient execution in a challenging macro environment.
If we talk about contribution profit, it increased by 35 percent year-on-year to Rs 1,207 crore and margin increased to 59 percent. This is believed to be due to higher share in net payment revenue, higher share in financial services revenue and lower direct expenses.
Talking about Paytm’s cash balance, it was Rs 13,068 crore, which provides considerable capital flexibility to invest in merchant expansion, financial services distribution and AI-driven innovation.
In its payments business, revenue including other operating income grew 25 per cent year-on-year to Rs 1,223 crore as the company further strengthened its leadership among India’s MSMEs and enterprises.
Gross merchandise value (GMV) grew 27 per cent year-on-year to Rs 5.67 lakh crore, while merchant subscriptions reached Rs 1.37 crore, up by Rs 25 lakh from last year. This strengthens Paytm’s leadership position in omni-channel merchant payments.
Paytm further strengthened its AI-first vision by launching India’s first AI Soundbox in the quarter.
Additionally, Paytm’s cost structure became lower and more efficient, with indirect expenses down 18 percent year-on-year.
According to the company, marketing costs declined 43 percent year-on-year, even as Paytm expanded its merchant base and strengthened its presence in Tier 2 as well as Tier 3 cities.
–IANS
PSK/ABM
