It’s been a long time coming, but it’s finally here — Paytm has finally reported a profit.
Paytm has reported its first-ever profit after tax. In Q1FY26, Paytm’s parent company reported a profit of Rs. 123 crore. In comparison, the company had made a loss of Rs. 840 crore in the same period last year.
Paytm had been seeing a steady improvement in its Profit After Tax numbers over the last five quarters. Paytm had reported a loss of Rs. 840 crore in the June-24 quarter, a loss of Rs. 415 crore in the Sept-24 quarter, and a loss of Rs. 208 crore in the December-2024 quarter. Paytm had come close to profitability with a loss of Rs. 93 crore in the March-25 quarter, and has now swung into the black with a profit of Rs. 123 crore in the June-25 quarter.
This quarter, Paytm made a total revenue of Rs. 1,918 crore. Of this, Rs. 1,100 crore came from Payment Services, Rs. 561 crore came from Financial services, and Rs. 247 crore came from marketing services. Paytm’s direct expenses were Rs. 767 crore. In addition, it incurred employee expenses of Rs. 643 crore and marketing costs of Rs. 62 crore. After recording other income of Rs. 241 crore, Paytm ended up with a Profit after tax of Rs. 123 crore.
This is a long-awaited turnaround for Paytm, which has been languishing at the stock markets since going public in late 2022. Paytm had become the world’s worst-performing IPO on its debut, losing nearly half its value on its first day of trade. The stock price had floundered further, and at one point, Paytm was trading 75% below its IPO price. Paytm, however, managed to stage a bit of a recovery, and now trades at 50% below its IPO price. Paytm might still have a mountain to climb to give its initial investors a return on their investment, but it a major step towards getting there by reporting its first ever profit.