| Metric | Value (₹ Cr) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 2.2K | 6.5% | 20.0% |
| Total Income | 2.4K | 5.4% | 19.3% |
| Expenditure | 2.2K | 5.5% | 2.0% |
| PBT | 231.00 | 645.2% | 213.6% |
| Net Profit | 225.00 | 971.4% | 207.9% |
| OPM | 7.11% | 9.49pp | 37.84pp |
| NPM | 9.35% | 8.43pp | 19.68pp |
| EPS | 3.52 | 966.7% | 207.7% |
Paytm Reports Q3 FY 2026 Revenue Growth to INR 2,194 Cr, EBITDA at 7%
29 Jan 2026 · 29 Jan, 7:23 pm
Summary
One 97 Communications Ltd (Paytm) has reported its Q3 FY 2026 financial results with a revenue growth of 20% YoY to INR 2,194 Cr and an EBITDA of 7%. The revenue growth was led by higher payments GMV, merchant subscriptions, and distribution of financial services revenue. The contribution profit stood at 21,249 crore, up 30% YoY with a contribution margin of 57%. The company has discontinued 'adjusted' metrics from its reporting and all disclosures are on GAAP basis.
Key Highlights
- 1
Revenue of 2,194 Cr, up 20% YoY
- 2
EBITDA of 156 Cr (EBITDA margin of 7%)
- 3
Contribution profit of 21,249 crore, up 30% YoY
- 4
Consistent gain in UPI consumer market share for 3 consecutive quarters
- 5
Merchant device subscriptions reached 1.44 crore
- 6
Customers availing financial services through our platform increased YoY from 5.9 lakh to 7.1 lakh
- 7
Received all three key payment licenses from RBI for online, offline and cross-border payments in Paytm Payment Services Limited (PPSL)
Management Comments
One 97 Communications Ltd
We continue to strengthen our leadership across small and large, online and offline merchants by deepening adoption of Paytm Ai our full-stack omni-channel payment offerings. Product Soundbox innovation and Al-led merchant acquisition is improving unit economics and driving profitability. Merchant device subscriptions reached 1.44 crore, expanding our recurring revenue base. We are further enhancing merchant retention and engagement through Al-led targeting and an expanded merchant sales and service team. Complimenting our leadership in merchant payments, we have established a strong foundation in merchant loan distribution business, which in turn leads to higher profitability.
Informational and educational content only. Not investment advice.