Paytm profit soars but hit by Rs 190 crore charge
Paytm posted financial gains for the three months through Sept. 30 as the digital payments firm expanded its merchant network and controlled spending. The company announced on Tuesday that operating revenue climbed 24 percent from a year earlier to reach 2,061 crore rupees during the second quarter of fiscal 2026. Growth came from additional subscription merchants, increased payment volumes and expanded distribution of banking products.
Earnings before interest, taxes, depreciation and amortization reached 142 crore rupees with a 7 percent margin as artificial intelligence applications boosted efficiency. The firm recorded a profit after tax of 21 crore rupees, which reflected a single expense of 190 crore rupees for the complete write-down of a loan to shareholders. Stripping away this charge shows an adjusted profit of 211 crore rupees. Contribution profit jumped 35 percent to 1,207 crore rupees with margins widening to 59 percent.
Payment revenue grew 25 percent to 1,223 crore rupees while gross merchandise value advanced 27 percent to 5.67 lakh crore rupees. Merchant subscriptions totaled 1.37 crore, an increase of 25 lakh from the prior year. Cash reserves stood at 13,068 crore rupees. Indirect costs dropped 18 percent while marketing expenses fell 43 percent despite business expansion.
