New Delhi, Nov 4 – Paytm, India’s biggest payments and financial‑services platform, said it posted solid growth in its latest quarter, finishing September 30.
The company’s operating revenue jumped 24 % year‑on‑year to ₹2,061 crore. The lift came from more merchants signing up, higher payment volumes and a wider spread of financial‑service products.
Paytm’s earnings before interest, tax, depreciation and amortisation (EBITDA) rose to ₹142 crore, a 7 % margin. The improvement reflects tighter cost control, stronger AI‑driven efficiencies and early‑season momentum as holidays approached.
After a one‑time hit of ₹190 crore for a full write‑off of a shareholder loan, Paytm reported a net profit after tax (PAT) of ₹21 crore for the quarter. Excluding that charge, PAT actually improved to ₹211 crore, underscoring the company’s core strength even amid a tough market backdrop.
Contribution profit climbed 35 % year‑on‑year to ₹1,207 crore, with margins swelling to 59 %. The boost came from higher payment revenue, a bigger slice of financial‑services income, and lowered direct costs.
Paytm also announced a healthy cash pocket of ₹13,068 crore. The liquidity gives the fintech room to grow its merchant network, expand financial‑service distribution and invest in AI initiatives.
In its payments arm, revenue (including other operating income) grew 25 % to ₹1,223 crore, cementing Paytm’s leadership among India’s micro‑, small‑ and medium‑enterprise (MSME) segment and larger businesses. Gross merchandise value (GMV) for the quarter climbed 27 % to ₹5.67 lakh crore.
Merchant subscriptions hit 13.7 million, up 2.5 million from the last year, reinforcing Paytm’s omni‑channel payment dominance.
The company also launched India’s first AI Soundbox during the quarter, furthering its AI‑first strategy.
Cost discipline also deepened. Indirect expenses fell 18 % from a year earlier, while marketing spend dropped 43 % – even as Paytm added more merchants and broadened its reach into tier‑2 and tier‑3 cities.
“These results show that Paytm’s focus on merchant growth, AI and cost efficiency is paying off,” said a Paytm spokesperson. The firm remains confident that its strong cash position will support further expansion and innovation in the months ahead.
Source: ianslive
Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in world News on Latest NewsX. Follow us on social media Facebook, Twitter(X), Gettr and subscribe our Youtube Channel.
