Paytm’s Profitability Milestone Comes With Caveats

by · Inc42

SUMMARY

  • Paytm’s first full-year profit marks a major turnaround, but a large portion of earnings still comes from “other income” reserves rather than core business margins
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For nearly five years after its public listing, the question hanging over One97 Communications, the parent of Paytm, was if India’s biggest listed fintech platform could consistently turn a profit. In FY26, Paytm finally delivered the answer the market had been waiting for.

The company reported its first-ever full-year profit of ₹552 Cr in FY26, a sharp turnaround from a loss of ₹663 Cr in the previous year. Revenue from operations rose 22% to ₹8,437 Cr, while the company also ended the year with one of the strongest balance sheets among India’s new-age tech companies.