{"id":178403,"date":"2026-01-30T01:07:33","date_gmt":"2026-01-30T06:07:33","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=178403"},"modified":"2026-01-30T01:07:33","modified_gmt":"2026-01-30T06:07:33","slug":"paytm-reports-profitable-third-quarter-as-revenue-climbs-20-to-%e2%82%b92194-crore","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/paytm-reports-profitable-third-quarter-as-revenue-climbs-20-to-%e2%82%b92194-crore\/","title":{"rendered":"Paytm Reports Profitable Third Quarter as Revenue Climbs 20% to \u20b92,194 Crore"},"content":{"rendered":"\n<p>One 97 Communications (NSE:PAYTM), the parent company of Indian fintech pioneer Paytm, announced its financial results for the quarter ending December 2025, reporting a significant swing to profitability alongside robust revenue growth. The company&#8217;s operating revenue rose 20% year-on-year to \u20b92,194 crore, driven by momentum in payment services and the distribution of financial products.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Latest Q3 and 9M Financial Results<\/strong><\/h2>\n\n\n\n<p>For the quarter ended December 2025, Paytm reported:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Operating revenue for Q3 FY26 rose 20% year-on-year to \u20b92,194 crore, driven by higher payments GMV, increased merchant subscriptions and strong growth in financial services distribution.<\/li>\n\n\n\n<li>EBITDA turned positive at \u20b9156 crore in Q3 FY26 versus a loss of \u20b9223 crore a year earlier, with EBITDA margin improving to 7%.<\/li>\n\n\n\n<li>Profit after tax (PAT) came in at \u20b9225 crore for the quarter, an improvement of \u20b9433 crore year-on-year.<\/li>\n<\/ul>\n\n\n\n<p>For the nine-month ended December 2025, Paytm reported:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Nine-month revenue grew 24% year-on-year to \u20b96,173 crore.<\/li>\n\n\n\n<li>For the nine months, EBITDA improved to \u20b9370 crore from a loss of \u20b91,418 crore last year.<\/li>\n\n\n\n<li>Nine-month PAT stood at \u20b9369 crore versus a loss of \u20b9118 crore a year earlier.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"546\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/PAY2-1024x546.png\" alt=\"\" class=\"wp-image-178405\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/PAY2-1024x546.png 1024w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/PAY2-300x160.png 300w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/PAY2-768x410.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/PAY2.png 1162w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Business and Operations Update<\/strong><\/h2>\n\n\n\n<p>Paytm continued to expand its core payments franchise across both consumers and merchants, supported by product innovation and wider device deployment.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Contribution profit increased 30% year-on-year to \u20b91,249 crore, lifting contribution margin to 57% (up around 5 percentage points), helped by better payment processing margins and lower direct costs. Nine-month contribution margin reached 58%.<\/li>\n\n\n\n<li>Payments scale strengthened with GMV up 24% year-on-year to \u20b96.2 lakh crore in Q3. Net payment revenue rose 25% to \u20b9613 crore as processing margins improved.<\/li>\n\n\n\n<li>Merchant ecosystem expanded, with subscription merchants (including devices) reaching 1.44 crore, up 27 lakh year-on-year.<\/li>\n\n\n\n<li>Merchant transactions grew 32% year-on-year.<\/li>\n\n\n\n<li>Consumer engagement improved, with average monthly transacting users (MTU) rising to 7.6 crore, up 9% year-on-year, alongside continued gains in UPI market share.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Other Major Developments<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Operationally, Paytm consolidated its merchant acquiring business under its subsidiary Paytm Payments Services Limited (PPSL) after receiving Reserve Bank of India approvals for online, offline and cross-border payment aggregation.<\/li>\n\n\n\n<li>Internationally, the group approved incorporation of subsidiaries in Indonesia and Luxembourg and agreed to induct a strategic partner into its UAE payments unit, which will remain majority owned. These steps align with its framework to expand selected overseas payment opportunities while maintaining capital discipline.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Investor Sentiment &amp; Outlook<\/strong><\/h2>\n\n\n\n<p>Investor confidence is bolstered by Paytm&#8217;s commitment to transparency; the company has discontinued the use of &#8220;adjusted&#8221; metrics, reporting all results on a GAAP basis. Cost discipline remains a priority, with indirect expenses falling 8% year-on-year. This was partly driven by a decline in non-sales employee costs following the CEO\u2019s voluntary surrender of ESOPs in a previous quarter.<\/p>\n\n\n\n<p>Paytm maintains a robust liquidity position with a total cash balance of \u20b912,882 crore. While the company noted the expiration of the Payment Infrastructure Development Fund (PIDF) incentive in December 2025, management expects to offset this through increased revenue and targeted sales efforts. As the company enters 2026, it remains focused on leveraging AI to drive merchant retention and expand leadership in the Indian financial ecosystem.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>One 97 Communications (NSE:PAYTM), the parent company of Indian fintech pioneer Paytm, announced its financial results for the quarter ending December 2025, reporting a significant swing to profitability alongside robust revenue growth. The company&#8217;s operating revenue rose 20% year-on-year to \u20b92,194 crore, driven by momentum in payment services and the distribution of financial products. Latest [&hellip;]<\/p>\n","protected":false},"author":2378,"featured_media":125269,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5,1941,392,8],"tags":[8797,11638,8532],"class_list":["post-178403","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-stock-analysis","category-earnings","category-technology-stocks","tag-fintech","tag-paytm","tag-technology"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":172115,"url":"https:\/\/alphastreet.com\/india\/paytm-q2-fy26-earnings-results\/","url_meta":{"origin":178403,"position":0},"title":"Paytm Q2 FY26 Earnings Results","author":"Chirag Gupta","date":"November 5, 2025","format":false,"excerpt":"Incorporated in 2000, One 97 Communications Ltd is India's leading digital ecosystem for consumers as well as merchants. As of March 31, 2021, the company has a 333 million+ client base and 21 million+ registered merchants to whom it offers payment services, financial services, and commerce and cloud services. Q2\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Paytm Q2 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/Paytm-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/Paytm-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/Paytm-Q2-FY26-Earnings-Results.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/Paytm-Q2-FY26-Earnings-Results.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/Paytm-Q2-FY26-Earnings-Results.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/Paytm-Q2-FY26-Earnings-Results.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":178407,"url":"https:\/\/alphastreet.com\/india\/paytm-payments-growth-accelerates-as-gmv-upi-usage-and-merchant-base-expand\/","url_meta":{"origin":178403,"position":1},"title":"Paytm payments growth accelerates as GMV, UPI usage and merchant base expand","author":"Staff Correspondent","date":"January 30, 2026","format":false,"excerpt":"One 97 Communications (NSE:PAYTM), which operates the Paytm digital payments platform, reported robust momentum in its core payments business for the quarter ended December 2025. Gross merchandise value (GMV) processed through the platform rose 24% year-on-year to \u20b96.2 lakh crore, reflecting increased consumer spending and wider merchant acceptance of digital\u2026","rel":"","context":"In &quot;LATEST&quot;","block_context":{"text":"LATEST","link":"https:\/\/alphastreet.com\/india\/category\/latest\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":135742,"url":"https:\/\/alphastreet.com\/india\/infographic-one97-communications-ltd-nse-paytm-q2-results-released-revenue-up-77-48-yoy\/","url_meta":{"origin":178403,"position":2},"title":"Infographic : One97 Communications Ltd.  (NSE : PAYTM) | Q2 Results Released! | Revenue UP 77.48% YoY","author":"Divyansh_Kasana","date":"November 8, 2022","format":false,"excerpt":"Paytm is India's payment Super App offering consumers and merchants most comprehensive payment services.Pioneer of mobile QR payments revolution in India, Paytm\u2019s mission is to bring half a billion Indians into the mainstream economy through technology-led financial Services. Paytm enables commerce for small merchants and distributes various financial services offerings\u2026","rel":"","context":"In &quot;Analysis&quot;","block_context":{"text":"Analysis","link":"https:\/\/alphastreet.com\/india\/category\/stock-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/d22292bd-8c57-4edc-aeb4-e9bb187bdddd.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/d22292bd-8c57-4edc-aeb4-e9bb187bdddd.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/d22292bd-8c57-4edc-aeb4-e9bb187bdddd.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/d22292bd-8c57-4edc-aeb4-e9bb187bdddd.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/d22292bd-8c57-4edc-aeb4-e9bb187bdddd.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/d22292bd-8c57-4edc-aeb4-e9bb187bdddd.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":169752,"url":"https:\/\/alphastreet.com\/india\/one-97-communications-ltd-q1-fy26-earnings-results-28-rise-in-revenue\/","url_meta":{"origin":178403,"position":3},"title":"One 97 Communications Ltd Q1 FY26 Earnings Results &#8211; 28% rise in Revenue","author":"Chirag Gupta","date":"August 5, 2025","format":false,"excerpt":"Incorporated in 2000, One 97 Communications Ltd is India's leading digital ecosystem for consumers as well as merchants. As of March 31, 2021, the company has a 333 million+ client base and 21 million+ registered merchants to whom it offers payment services, financial services, and commerce and cloud services. Presenting\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"PAYTM Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/1-3.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/1-3.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/1-3.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/1-3.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/1-3.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/1-3.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":179509,"url":"https:\/\/alphastreet.com\/india\/firstsource-solutions-q3-fy26-earnings-results\/","url_meta":{"origin":178403,"position":4},"title":"Firstsource Solutions Q3 FY26 Earnings Results","author":"Divyansh_Kasana","date":"February 4, 2026","format":false,"excerpt":"Executive Summary Firstsource Solutions Ltd reported Q3FY26 revenues of \u20b92,443 crore, up 16.22% YoY, but consolidated net profit declined 25% to \u20b9120 crore due to new Labour Codes exceptional items. Revenue growth from BPM services in BFSI and healthcare offset one-time regulatory costs impacting profitability. Revenue & Growth Revenues expanded\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/FSL.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/FSL.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/FSL.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/FSL.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/FSL.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/FSL.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":132681,"url":"https:\/\/alphastreet.com\/india\/one-97-communications-ltd-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":178403,"position":5},"title":"One 97 Communications Ltd Q1 FY23 Earnings Conference Call Insights","author":"Praveen","date":"August 9, 2022","format":false,"excerpt":"Key highlights from One 97 Communications Ltd (PAYTM) Q1 FY23 Earnings Concall Q&A Highlights: Sachin Salgaonkar of Bank of America asked about Soundbox monthly rental going down to zero and the monetization of it. Bhavesh Gupta CEO, Lending replied that on Soundbox, the rental going down to zero is not\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/178403","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/2378"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=178403"}],"version-history":[{"count":2,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/178403\/revisions"}],"predecessor-version":[{"id":178406,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/178403\/revisions\/178406"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125269"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=178403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=178403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=178403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}