Paytm (One 97 Communications Limited), India’s leading payments and financial services distribution company, announced its financial results for the quarter ended September 2026 (Q2 FY27). The company reported a profit after tax of ₹225 crore and its highest ever quarterly EBITDA of ₹270 crore, up 90% year-on-year, with EBITDA margin reaching 10% for the first time.
Operating revenue grew 28% YoY to ₹2,648 crore, driven by sustained momentum across merchant and consumer businesses, expanded monetisation and AI-led cost efficiencies. On a comparable basis, excluding the Payments Infrastructure Development Fund (PIDF) incentive, revenue grew 33% YoY, while EBITDA nearly quadrupled.
Net payment revenue increased 21% YoY on a comparable basis to ₹644 crore, supported by improvement in payment processing margin, which remained comfortably above 4 basis points. Merchants on subscription plans increased by 27 lakh YoY to 1.64 crore.
Distribution of financial services revenue grew 49% YoY to ₹912 crore, driven by growth in merchant loan distribution, personal loans and Paytm Postpaid, along with improved monetisation in equity broking and wealth products. Key financial services customers increased 35% YoY to 8.8 lakh.
Paytm continued to gain consumer UPI payment market share for the sixth consecutive quarter, with Paytm UPI growing 42% YoY, at 2.2 times the industry growth rate. Monthly Transacting Users increased by 1 crore YoY to 8.5 crore, the highest addition in nearly three years.