One 97 Communications Q2 FY27 Revenue Up 28% YoY to ₹2,648 Cr

One 97 Communications Ltd (Paytm) announced its financial results for the quarter and half-year ended September 30, 2026. The company reported a significant 28% year-on-year (YoY) increase in revenue, reaching ₹2,648 Crore, and an 8% quarter-on-quarter (QoQ) growth. EBITDA saw a substantial 90% YoY jump to ₹270 Crore, with a 33% QoQ increase. Profit After Tax (PAT) stood at ₹225 Crore. The company attributes this growth to its expanding merchant payments leadership, a strong runway in its capital-light merchant loan distribution business powered by AI, and enhanced consumer monetization strategies. Paytm emphasizes its core business model of acquiring customers through payments and monetizing through financial and technology services, stating that UPI MDR is an upside, not a foundation for profitable growth. Investments in AI are further accelerating revenue growth and cost efficiencies.