NPCI’s FY26 Profit Drops 32% YoY To ₹989 Cr As Tax Outgo, BHIM Loss Surge

by · Inc42

SUMMARY

  • NPCI’s consolidated net profit fell 32.4% YoY to ₹989.4 Cr in FY26 despite a 21.8% increase in revenue from operations.
  • The decline came even as NPCI’s pre-tax profit grew, with a sharp rise in tax expenses and widening loss at its BHIM subsidiary weighing on the bottom line.
  • NPCI’s expenses jumped 31.5% YoY to ₹2,984.6 Cr, led by marketing expenses of ₹1,420.3 Cr, while its tax outgo nearly tripled to ₹898.5 Cr.