Paytm Q1 profit jumps 79% to ₹220 cr; EBITDA hits record ₹203 cr
Revenue rose 28% to ₹2,448 cr, merchant GMV hit ₹7.1 lakh cr, and financial-services revenue surged 45% to ₹814 cr. The company also expanded overseas, securing a European payment licence and a partnership in Indonesia.
— 5 earlier stories on One97 Communications Ltd. →What's new
- EBITDA hit a record ₹203 cr, up 182% YoY, driven by merchant payments expansion and AI-led cost efficiencies.
- Net profit rose 79% to ₹220 cr, with revenue up 28% to ₹2,448 cr.
- Financial-services revenue grew 45% to ₹814 cr; merchant GMV expanded 31% to ₹7.1 lakh cr.
Why this matters
Paytm is demonstrating the scale benefits investors have waited for. Record EBITDA and a cash pile of ₹13,529 cr signal the business is generating sustainable profits even as it invests in growth. The international foray and financial-services uptick add credibility to the long-term story.
What we're watching
- Whether the growth trajectory continues in Q2 and whether margins can expand further.
- Progress on the Europe payments licence and the Flip partnership in Indonesia.
- Any update on the bonus-share plan, which was shelved after Q1 results.
The full read
Paytm's June-quarter earnings show a business hitting its stride. Revenue of ₹2,448 cr grew 28% from a year ago, but the real story is profitability: EBITDA hit a record ₹203 cr, up 182% from last year, and net profit rose 79% to ₹220 cr. Merchant GMV expanded 31% to ₹7.1 lakh cr, and financial-services revenue jumped 45% to ₹814 cr — evidence that the platform is monetising its merchant base effectively. The company also moved abroad, securing a Luxembourg payment licence and a partnership in Indonesia with Flip. With ₹13,529 cr in cash, up ₹657 cr from last year, Paytm is generating cash even while investing in growth. The record EBITDA is the headline figure, but the underlying story is scale-driven margin improvement: as transaction volumes scale, costs are growing slower than revenue. The next test is whether this pace can be sustained through the rest of the year — and whether the shelved bonus-share plan signals a shift in capital priorities.
Questions answered
- What drove Paytm's record EBITDA and strong net profit growth?
- Higher merchant GMV, increased financial-services distribution, and AI-driven cost optimization. EBITDA rose 182% to ₹203 cr, while net profit increased 79% to ₹220 cr.
- How did the financial-services segment perform?
- Revenue from financial services — merchant loans, personal loans, and wealth products — jumped 45% to ₹814 cr, showing strong traction in cross-selling to Paytm's merchant base.
- What is Paytm's cash position, and how does it support growth?
- Cash and liquid balances stood at ₹13,529 cr, up ₹657 cr from a year ago. This provides a strong buffer for international expansion and product development without needing external capital.
- What are Paytm's international moves this quarter?
- Paytm Europe Payments secured a payment-institution licence in Luxembourg, and the group partnered with Indonesia's Flip to deploy payment devices in that market.
- What happened with the bonus share plan?
- The bonus-share plan was shelved after the Q1 results announcement; no reason was given. Investors will watch for any future capital-allocation updates.
- How does Q1 performance compare with the prior quarter?
- Revenue rose from ₹2,264 cr in the March quarter to ₹2,448 cr, and net profit improved from ₹183 cr to ₹220 cr. The EBITDA record marks a significant step in profitability.
One97 Communications Ltd.
Latest quarter · Jun 2026
Leverage & growth
Story so far
All notes on PAYTM →- 20 Jul 2026 · 10:14 PM IST Paytm Q1 profit jumps 79% to ₹220 cr; EBITDA hits record ₹203 cr
- 1d ago Paytm sets 15-20% margin target sooner, AI revenue line coming
- 2d ago Paytm Q1 profit jumps 79% to ₹220 cr; bonus share plan shelved
- 2d ago Paytm posts ₹220 cr Q1 profit, scraps bonus issue plans
- 2d ago Paytm Q1 profit rises to ₹220 cr; bonus share plan shelved