Paytm July-Sept revenue up 24% to Rs 2,061 crore, net profit falls
05 Nov 2025, 09:54 AMThe net profit fell in this quarter due to a Rs 190 crore exceptional charge against loans extended to its gaming joint venture.
Team Head&Tale
Share the story on
Paytm reported a 24% jump in revenue from operations to Rs 2,061 crore in the July-September quarter of this fiscal ending on March 31, 2026, from Rs 1,659 crore in same quarter FY25.
The rise in operating revenue was led by increase in subscription merchants, higher payments gross merchandise value (GMV), and growth in distribution of financial services, Paytm said in a filing to the stock exchanges.
Paytm's net profit fell 98% year-on-year to Rs 21 crore in the quarter from Rs 930 crore in the same period of the previous fiscal.
To be sure, the fintech company's profit had shot up in the July-September quarter of FY25 due to a one-time gain of Rs 1,345 crore from the sale of its movie and events ticketing business to Zomato.
The net profit also fell in this quarter due to a Rs 190 crore exceptional charge against loans extended to its gaming joint venture.
During the quarter, its payment services revenue (including other operating revenue) was up 25%
year-on-year to Rs 1,223 crore. Distribution of financial services revenue grew 63% year-on-year to Rs 611 crore, helped by growth in merchant loan distribution and improved collection performance experience for our partners.
GMV grew by 27% year-on-year to Rs 5.67 lakh crore during the quarter ended September.
As of September 2025, Paytm's merchant subscriptions were at 1.37 crore, an increase of 25 lakh year-on-year.
Total expenses of the fintech major declined to Rs 2,062 crore during the quarter as compared to Rs 2,245 crore in the same period in FY25.
Employee cost stood at Rs 663 crore in the second quarter of FY26, accounting for 32% of overall expenditure, followed by payment processing charges at Rs 629 crore.
Paytm also said that the company's board approved an additional investment of Rs 2,250 crore in Paytm Payments Services Ltd (PPSL) through a rights issue to strengthen the subsidiary's net worth and fund the transfer of its offline payments business, in line with RBI's regulatory guidance issued in September 2025.
Paytm's shares were trading at Rs 1,268.25, down 0.53%, on the BSE, in morning trade.
Who Reads Us
“I enjoy reading The Head and Tale for their coverage on the Fintech landscape. The reporting is incisive and honest, and it demonstrates a sharp understanding of the industry and the issues that concern it. I'd like to extend my best wishes to Arti for her continued success.”
“Well-researched, informative and analysis based reporting makes an interesting read. 'The Head and Tale' news portal has been demonstrating this quite well covering fintech and emerging tech sectors. Their timely updates, exclusive stories and different perspectives on these sectors help me stay informed. Kudos to Arti Singh for pursuing her passion and best wishes to the team.”
“The Head and Tale stands out for its deep industry knowledge and impressive network of sources. I especially appreciate that the reporting remains independent, rarely resorting to paid puff pieces, making it a publication I can genuinely trust. Having followed Arti’s work for years, I’ve come to rely on The Head and Tale for its unparalleled insight and truly independent coverage. Arti’s long-standing presence in the sector means her reporting is always informed, with access few can match.”
“What I really appreciate about The Head and Tale is that it doesn’t just report the news, it interprets it. The stories are well-researched, comprehensive, and bold. Arti brings a fearless lens to reporting, often asking the uncomfortable but necessary questions. She makes you pause, reflect, and rethink what it all means for the payments and fintech ecosystem. It’s rare to find journalism that’s this sharp, timely, and relevant to the work we do every day.”
“I’ve always valued journalism that goes beyond surface-level headlines. The Head and Tale does exactly that - it connects the dots, asks the tough questions, and brings clarity to the shifts shaping our evolving industry. I’ve even encouraged my team members to subscribe, because staying informed through credible, deeply reported stories is as important as building products. For me, The Head and Tale has become part of essential reading.”
