Finsamudra Desk
One97 Communications reversed a ₹663 crore FY25 loss on cost cuts and a 52% jump in loan and wealth distribution revenue.
One97 Communications Limited, Paytm's parent, has reported its first full-year net profit since its stock market listing, posting ₹552 crore in FY26 against a ₹663 crore loss in FY25.
EBITDA moved from a loss of ₹1,506 crore in FY25 to a positive ₹502 crore, an operating swing of more than ₹2,000 crore in a single year.
Revenue grew 22% year-on-year to ₹8,437 crore. Core payment services rose 20% to ₹4,646 crore, while financial services distribution — loans and wealth products — jumped 52% to ₹2,594 crore.
The turnaround came from cost discipline rather than a single strategic pivot. Marketing expenses were cut nearly in half, from ₹508 crore to ₹275 crore, and employee costs fell from ₹3,288 crore to ₹2,765 crore, aided by automated AI workflows in merchant onboarding and customer service.
The 52% jump in financial services distribution to ₹2,594 crore shows loan and wealth product referrals are now a high-margin growth lever for Paytm even as core payments growth moderates. For DSAs and connectors partnering with Paytm's network, this signals continued investment in distribution of credit products rather than a retreat.
The results also demonstrate that a fintech can recover profitability after regulatory restrictions on its Payments Bank by leaning harder into loan distribution and financial services revenue — a template lenders and NBFCs working with digital distribution partners will watch closely.
More on Paytm
Sources
Finsamudra Desk
As India's retail affordable housing finance companies (AHFCs) transition toward upper-tier scale under the Reserve Bank of India’s (RBI) Scale-Based Regulatory (SBR) framework, balance-sheet expansion must be matched by institutional governance.
Startups3 min read
Finsamudra Desk
The appointment of Amit Saini as Head of Risk Management at Namdev Finvest Limited marks a vital governance consolidation for the Jaipur-headquartered non-banking financial company (NBFC). Saini brings extensive experience across risk governance, internal audit, and credit controls, having previously served as Chief Risk Officer at Choice, with formative tenures at Laxmi India Finance and benchmark affordable housing lender Aavas Financiers Ltd.
Startups1 min read
Finsamudra Desk
The appointment of Ritu Jawa as Assistant Vice President – Operations at Truhome Finance Limited highlights a fundamental truth of India’s retail credit expansion: affordable housing finance is won or lost not in marketing campaigns, but inside Centralized Processing Units (CPUs).
Startups2 min read
Finsamudra Desk
The formal elevation of G D Manoj Pasangha as Managing Director & CEO of Asirvad Micro Finance Limited, following Reserve Bank of India (RBI) clearance, marks the completion of a pivotal leadership transition at one of India’s largest NBFC-MFIs.
Startups2 min read
Get the Morning Brief
The same daily intelligence 30,000+ CXOs, DSAs and finance professionals follow on LinkedIn, with the Finsamudra take.
-800x450.jpg&w=3840&q=75)
-800x450.jpg&w=3840&q=75)
-800x450.jpg&w=3840&q=75)
-800x450.jpg&w=3840&q=75)