Overview
- One97 Communications (Paytm) reported profit after tax of Rs 225 crore in Q2 FY27, up from Rs 21 crore a year earlier, marking its sixth straight profitable quarter.
- Operating revenue rose about 28% year-on-year to Rs 2,648 crore while EBITDA climbed 90% to Rs 270 crore and the EBITDA margin reached 10%.
- Paytm said UPI transaction value grew 42% in the quarter versus 19% industry growth and monthly transacting users rose by 1 crore to 8.5 crore, the largest addition in nearly three years.
- Revenue from distribution of financial services jumped 49% to Rs 912 crore and net payment revenue grew 21% on a comparable basis to Rs 644 crore, driven by higher-margin instruments and loan distribution.
- The company held Rs 13,617 crore in cash and said it is deploying AI across risk, fraud, personalisation and operations while beginning to offer its AI platform to enterprise merchants.