Paytm Triumphs with Record Profits in FY26
One97 Communications, operating Paytm, recorded an impressive turnaround by posting a consolidated profit of Rs 183 crore for Q4 FY26, a significant improvement from the previous year's Rs 545 crore loss. The fintech benefited from strong growth in core payments, merchant services, and personal loans.
In a remarkable financial turnaround, One97 Communications, the parent company of the Paytm brand, reported a consolidated profit of Rs 183 crore for the fourth quarter of FY26, marking a significant recovery from a Rs 545 crore loss in the same period last year.
The fintech giant's share prices soared by over 8 per cent following the announcement, reflecting investor confidence bolstered by the company's robust performance in its core payments business and rapid expansion in its merchant and personal loans sectors.
Aided by favorable market conditions and strategic growth in financial services, Paytm's revenue from operations increased by 18.4 per cent year-over-year in Q4. Over the fiscal year, the company achieved an annual revenue growth of 22.2 per cent, solidifying its position in the competitive fintech landscape.
Google News