Earnings
Home›Earnings›Results›Paytm parent One97 Communications profit surges 79% in…
Paytm parent One97 Communications profit surges 79% in June quarter
Revenue rose to ₹2,448 crore, helped by 33% YoY growth in Payment Services and a jump in EBITDA margin to 8%.
One97 Communications, the parent company of Paytm, posted a sharp turnaround for the quarter ended June 2026, reporting revenue from operations up 28% year-on-year to ₹2,448 crore and net profit that climbed 79% to ₹220 crore, according to LiveMint Markets.
The company said Payment Services remained the main driver, with its segment revenue increasing 33% year-on-year to ₹1,384 crore. Gross Merchandise Value growth accelerated to 31% year-on-year in Q1 FY27, supported by higher merchant payment volumes, expanded payments ecosystem investments, and momentum in its online merchant business after receiving an online Payment Aggregator licence last year.
On monetization and financial services, One97 Communications reported Distribution of Financial Services revenue rose 45% year-on-year to ₹814 crore, reflecting traction in merchant loans, personal loans, and other financial products. The company added 2.7 million Soundboxes over the past year, citing improved merchant retention and better payback periods.
Profitability improved further, with reported EBITDA increasing 182% year-on-year to ₹203 crore and the EBITDA margin widening to 8% from 4%. The board also reviewed a proposal to issue bonus shares but decided not to proceed at this stage, the outlet said.