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Paytm Achieves EBITDA Profitability Before ESOP Costs in Q4 FY25

The fintech firm narrowed its net loss to ₹539.8 crore and strengthened its financial services and merchant base, positioning itself for full profitability next quarter.

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Overview

  • Paytm reported Q4 FY25 revenue of ₹1,911.5 crore, a 4.6% sequential increase but a 15.7% year-on-year decline due to earlier disruptions.
  • The company achieved EBITDA profitability of ₹81 crore before a one-time ESOP charge of ₹522 crore, which increased its net loss to ₹539.8 crore.
  • Revenue from financial services grew 9% quarter-on-quarter to ₹545 crore, with merchant loan disbursements totaling ₹4,315 crore.
  • Paytm's merchant subscriber base expanded to 1.24 crore as of March 2025, with 8 lakh new devices added during the quarter.
  • The company ended the quarter with a robust cash reserve of ₹12,809 crore, providing financial flexibility for future growth.