One 97 Communications Limited (Paytm) announced its financial results for the quarter and nine months ended December 31, 2025 (Q3 FY26). The company reported an operating revenue of ₹2,194 crore, marking a 20% year-on-year increase, driven by higher payments Gross Merchandise Value (GMV), merchant subscriptions, and distribution of financial services. Paytm's payment services revenue grew by 21% YoY to ₹1,284 crore, with net payment revenue increasing by 25% YoY to ₹613 crore. The distribution of financial services revenue saw a significant rise of 34% YoY to ₹672 crore. Contribution profit stood at ₹1,249 crore, up 30% YoY, with a contribution margin of 57%. The company achieved an EBITDA of ₹156 crore (7% EBITDA margin), an improvement of ₹379 crore YoY, despite increased promotional expenses and the full impact of the new labor code. Profit After Tax (PAT) was ₹225 crore, showing a YoY improvement of ₹433 crore. Paytm's total cash balance remained strong at ₹12,882 crore. In business highlights, Paytm's consumer UPI GMV increased by 35% in the last nine months, outpacing the industry growth of 16%. Merchant device subscriptions reached 1.44 crore. The company also received all three key payment licenses from the RBI for its subsidiary, Paytm Payment Services Limited (PPSL), allowing it to resume onboarding online merchants. Paytm also announced its Q3 FY26 Earnings Call scheduled for January 30, 2026, from 8:00 AM to 8:45 AM IST.
