One 97 Communications Ltd Q4 FY26 Results

Summary

Paytm reported its first full year of profit in FY26, with PAT at ₹552 Cr and revenue growing 22% year-on-year to ₹8,437 Cr. The company's EBITDA significantly improved to ₹502 Cr for the fiscal year, achieving a 6% margin. For Q4 FY26, operating revenue increased 18% YoY to ₹2,264 Cr, while reported EBITDA stood at ₹132 Cr. Management expressed confidence in future growth, expecting revenue acceleration and further EBITDA margin expansion in FY27, driven by strategic initiatives like merchant payment expansion and structural growth in high-margin financial services distribution. The company highlighted market share gains, expanded payment processing margins, and AI-led operating leverage as key drivers for its performance.

Key Highlights

1. 1

   Paytm achieved its first full year of profit in FY26, with PAT standing at ₹552 Cr, a significant improvement from ₹(663) Cr a year ago.

2. 2

   The company's FY26 revenue grew by 22% year-on-year to ₹8,437 Cr, reflecting strong top-line performance.

3. 3

   EBITDA for FY26 showed a substantial improvement, swinging from ₹(1,506) Cr in FY25 to ₹502 Cr, with a 6% margin.

4. 4

   In Q4 FY26, reported operating revenue reached ₹2,264 Cr, representing an 18% growth year-on-year.

5. 5

   Q4 FY26 reported EBITDA improved to ₹132 Cr, marking an increase of ₹220 Cr year-on-year.

6. 6

   The distribution of financial services revenue demonstrated robust growth, scaling to ₹2,593 Cr in FY26, up 52% year-on-year.

7. 7

   Payment processing margin expanded to over 4 bps in FY26, an improvement from the previous guidance of over 3 bps.