Paytm posts 1st full-year profit since listing

BENGALURU: Paytm’s parent firm One97 Communications posted its first full-year profit since listing, reporting an FY26 net profit of Rs 552 crore compared with a loss of Rs 663 crore a year earlier. Its revenue rose 21.8% to Rs 9,291 crore from Rs 7,625 crore. In the March quarter, net profit stood at Rs 183 crore, compared to a loss of Rs 545 crore a year ago, while total income grew 14.4% yearon-year to Rs 2,442 crore.The fintech firm is navigating regulatory fallout from action on Paytm Payments Bank and is pivoting towards merchant payments, lending distribution, and AI-led automation. The results follow the RBI’s cancellation of Paytm Payments Bank’s (PPBL) banking licence, which came after earlier restrictions on deposits and customer onboarding. Paytm said there was “no financial or business impact” from the move, noting that its investment in PPBL had already been fully impaired as of March 2024.