PAYTM Results Analysis-Q1FY26

Operating Revenue for Q1FY26 is Rs. 1,918 Crs., 27.7% growth YoY (due to increase in number of subscription merchants, higher GMV and growth in revenues from distribution of financial services), Total Income is Rs. 2,159 Crs., 31.7% growth YoY, GMV grew by 27% YoY to ₹5.39 Lakh Cr In this quarter, EBITDA is Rs. 72 Crs which turned from loss of 792 Cr. to Profit., PBT Rs. 127 Crs. which turned from loss of 839 Cr. to Profit, PAT Rs. 123 Crs. Which also turned from loss of 840 Cr. to Profit (demonstrating AI-led operating leverage, disciplined cost structure and higher other income). On QoQ basis Op. Revenue is flat to positive, EBITDA is Rs. 72 Crs which turned from loss of 89 Cr. to Profit., PBT Rs. 127 Crs. which turned from loss of 542 Cr. to Profit, PAT Rs. 123 Crs. Which also turned from loss of 545 Cr. to Profit.