- Paytm's Q2 net profit fell 83% sequentially to Rs 21 crore due to exceptional items
- Revenue rose 7.5% to Rs 2,061 crore compared to the previous quarter
- EBITDA surged 95.8% to Rs 141 crore, with margin expanding to 6.8%
Paytm parent One 97 Communications Ltd.'s net profit for the second quarter of FY26 slumped 83% sequentially, weighed down by exceptional items, according to an exchange filing on Tuesday.
The company reported a consolidated bottom line of Rs 21 crore against Rs 123 crore in the previous quarter.
In its filing, Paytm noted that it recorded an impairment loss against a loan given to the joint venture First Games Technology Pvt Ltd. of Rs 190 crore during the quarter and six-month period ended Sept. 30.
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"Consequent to the enactment of the Promotion and Regulation of Online Gaming Act, 2025 (the Act), which prohibits online gaming, the Group has recorded an impairment loss against a loan given to the JV of INR 190 crores during the quarter and six-month period ended September 30, 2025," it said.
The revenue for the quarter under review rose 7.5% to Rs 2,061 crore from Rs 1,918 crore in the first quarter.
Notably, earnings before interest, taxes, depreciation and amortisation saw a massive jump of 95.8% to Rs 141 crore from Rs 72 crore, while Ebitda margin expanded to 6.8% from 3.8% in the last quarter.
In the quarter under review, indirect expenses (including ESOP Cost) was down 18% year-on-year and 1% sequentially to Rs 1,064 crore.
Paytm Q2 Highlights (Cons, QoQ)
Net profit down 82.9% at Rs 21 crore versus Rs 123 crore
Revenue up 7.5% at Rs 2,061 crore versus Rs 1,918 crore
Ebitda up 95.8% at Rs 141 crore versus Rs 72 crore
Margin at 6.8% versus 3.8%
The company announced that it will be investing Rs 2,250 crore in its arm Paytm Payments Services.
Share Price
Paytm's stock ended in the red, 0.53% lower at Rs 1,268 apiece on Tuesday on the NSE, compared to a 0.64% decline in the Nifty index. The share price has risen 24.58% year-to-date and 66.85% in the last 12 months.
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