Overview

• The company posted a consolidated net loss of ₹41.9 cr in Q1 FY26, over six times last year’s loss as operating revenue fell 20.7% to ₹271.3 cr.
• Revenue from financial services plummeted 66% to ₹58.3 cr after pausing short-term BNPL offerings and prioritizing longer-tenure ZIP EMI loans.
• Core payments GMV hit a quarterly high of ₹38,400 cr, marking a 53% year-on-year rise and 16% sequential growth.
• Total expenses declined 9% to ₹312.8 cr, led by a 68.4% reduction in lending operation costs.
• The fintech has deployed ₹214 cr of its IPO funds on organic growth and technology upgrades as it pursues EBITDA breakeven in the second half of FY26.