Paytm Group CFO Madhur Deora To Retire By Rotation, Step Down From Board At AGM

One97 Communications, which operates fintech giant, Paytm announced its April-June quarter results for fiscal 2025-26 (Q1FY26), reporting that Madhur Deora, group chief financial officer will retire by rotation as an executive director on the company's board. At the next Paytm's annual general meeting (AGM), Deora will not seek a reappointment to the board.

Paytm also announced that independent director Bimal Julka resigned to explore his “areas of emerging technologies and ease of doing business”, effective Tuesday. Urvashi Sahai has been appointed as additional director for a five-year term. Prior to her stint at One97 Communications, Sahai has worked as general counsel and senior vice president-legal for Walmart India

Paytm parent One 97 Communications Ltd turned profitable in the quarter ended June, as per the financial results declared by the company on Tuesday, driven by lower employee stock ownership cost, growth in distribution of financial services business and higher other income.

This is the first time when the payments services provider has logged a quarterly net profit, since its listing in November 2021. On the operational side, Paytm's earnings before interest, taxes, depreciation and amortisation came in positive. The firm logged an Ebitda of Rs 71.5 crore, as compared to loss of Rs 88.6 crore in the preceding quarter.

Paytm is working towards achieving 15–20% Ebitda margins in the next few years, with the contribution margin already trending in the high 50s. Deora noted this level is the “right number” for the business. Contribution margin growth is expected to support future Ebitda improvement. From the next quarter, the company will discontinue adjusted Ebitda and ESOP line disclosures, signalling a move towards more standardised reporting.