Paytm Q1 Results: Co swings to black, logs Rs 122 crore profit vs YoY loss; revenue jumps 28%
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One 97 Communications, which operates fintech platform Paytm , swung to profit in Q1FY26, with consolidated net gain of Rs 122.5 crore against a loss of Rs 839 crore in the year ago period. The company's revenue from operations stood at Rs 1,917 crore, which was up 28% from Rs 1,502 crore reported in the corresponding quarter of the last financial year.One 97 Communication had reported a net loss of Rs 540 crore in Q4FY25 and it was attributable to the owners of the parent.Meanwhile, the topline was marginally higher on a sequential basis at 0.3% over Rs 1,911 crore reported in the January-March quarter of FY25.Paytm's operating revenue grew by 28% YoY to Rs 1,918 crore, due to increase in number of subscription merchants, higher GMV and growth in revenues from distribution of financial services.Company's contribution profit stood at Rs 1,151 crore, up 52% YoY, with a contribution margin of 60% (up 10 percentage points YoY), driven by improved net payment revenue, higher share of distribution of financial services revenue, and reduction in direct expenses.The Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) and PAT turned profitable at Rs 72 crore (margin of 4%) and Rs 123 crore respectively, demonstrating AI-led operating leverage, disciplined cost structure and higher other income, the company filing said.Its Cash balance stood at Rs 12,872 crore, providing capital flexibility to expand merchant payments, distribution of financial services, and AI-led innovations.
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