Paytm Q2 results: Firm posts Rs 211 cr profit for second straight quarter; revenue jumps 24% on financial services push

Paytm brand owner One 97 Communications reported its second consecutive quarterly profit, posting a Rs 211 crore profit after tax (PAT) in the September 2025 quarter, alongside a 24% year-on-year revenue rise to Rs 2,061 crore, PTI reported.The company said growth was led by its payments and financial services businesses, reflecting continued improvement in operating performance and profitability.After accounting for a one-time impairment of Rs 190 crore related to its joint venture, First Games Technology Pvt Ltd, reported PAT stood at Rs 21 crore. The results mark a sharp improvement from the previous quarter, underscoring Paytm’s steady path to sustainable profitability.EBITDA improved to Rs 142 crore with a 7% margin, driven by revenue growth and operating leverage. Contribution profit rose 35% year-on-year to Rs 1,207 crore, maintaining a healthy 59% margin, supported by higher net payment margins and a rising share of financial services revenue.Payment services revenue grew 25% year-on-year to Rs 1,223 crore, while net payment revenue rose 28% to Rs 594 crore. Gross Merchandise Value (GMV) climbed 27% to Rs 5.67 lakh crore, helped by stronger growth in credit cards on UPI and affordability products such as EMI.

The company’s merchant network continued to expand, with device subscriptions reaching an all-time high of 1.37 crore — up 25 lakh year-on-year — reaffirming Paytm’s leadership in omni-channel merchant payments.Revenue from financial services distribution jumped 63% year-on-year to Rs 611 crore, boosted by robust merchant loan disbursements and improved collection performance for lending partners.Over 6.5 lakh consumers availed Paytm’s financial services during the quarter, reflecting growing adoption across its ecosystem.Indirect expenses declined 18% year-on-year and 1% sequentially to Rs 1,064 crore, while marketing costs for customer acquisition fell 42%, driven by stronger retention and improved monetisation.The company said it will continue to invest strategically to grow market share while maintaining a disciplined approach to spending.