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One97 Communications (PAYTM) investor relations material
One97 Communications Q2 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Focus on integrating AI across products and services, with AI-driven features and devices for merchants and consumers, aiming for both cost optimization and new revenue streams.
Merchant ecosystem expansion remains a key growth driver, with aggressive hiring and onboarding of both offline and online merchants.
Approved unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025.
Appointed Ms. Manisha Raj Raisinghani as Non-Executive Independent Director for a five-year term.
Approved additional investment of up to INR 2,250 crores in Paytm Payments Services Limited (PPSL) to strengthen its net worth and support business expansion.
Financial highlights
Consolidated revenue from operations for Q2 FY26 was INR 2,061 crores, up from INR 1,659 crores in Q2 FY25.
Consolidated profit before tax for H1 FY26 was INR 156 crores, compared to a loss of INR 1,248 crores in H1 FY25.
Significant improvement in payment processing margins, driven by higher credit instrument and EMI product mix, as well as disciplined pricing.
Merchant lending and wealth (gold, mutual funds, stock trading) segments are showing strong growth, with gold products exceeding internal targets.
Net cash outflow from operating activities for H1 FY26 was INR 468 crores (consolidated), compared to an inflow of INR 78 crores in H1 FY25.
Outlook and guidance
Expectation of continued margin improvement and market share gains, especially in merchant payments and credit card on UPI.
AI investments to drive both efficiency and new revenue, with a focus on monetizing AI-led products for merchants of all sizes.
Additional investment in PPSL aims to fund working capital, acquisition of offline merchant payment business, and maintain leadership in merchant payments.
PPSL received in-principle authorization from RBI to operate as a Payment Aggregator, with final approval pending post-system audit.
International expansion to be low-capital, with revenue realization expected in 3–5 years.
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