Paytm’s September-quarter revenue and EBITDA increased, but the sharp profit comparison also reflects a smaller exceptional charge. Total group profit and profit attributable to parent shareholders are different figures.
Primary documents checked: . Amounts are in Indian rupees; crore and million conversions are identified where used.
| Measure | Q2 FY27 and comparison | Primary source |
|---|---|---|
| Revenue from operations | ₹2,648 crore; ₹2,061 crore a year earlier (+28%, issuer-rounded) | Consolidated statement, PDF p6 |
| Total consolidated profit | ₹225 crore versus ₹21 crore | Consolidated statement, PDF p6 |
| Profit attributable to owners of the parent | ₹226 crore; non-controlling interests recorded a ₹1 crore loss | Consolidated statement, PDF p6 |
| Reported EBITDA | ₹270 crore versus ₹142 crore (+90%, issuer-rounded) | Earnings release, PDF p13 |
| Exceptional charges | ₹4 crore versus ₹190 crore | Consolidated statement and notes, PDF p6, p8 |
| PIDF-excluded comparable revenue / EBITDA | ₹2,636 crore / ₹258 crore; growth 33% / 279% | Comparable bridge, PDF p11 |
What changed in the quarter
One 97 Communications, which operates Paytm, reported revenue from operations of ₹2,648 crore for the quarter ended 30 September 2026, up from ₹2,061 crore a year earlier. Its 26 October release puts reported EBITDA at ₹270 crore, up 90%. EBITDA is earnings before interest, tax, depreciation and amortisation; it is not net profit or cash flow.
Why the profit comparison needs context
The consolidated statement records total profit of ₹225 crore, compared with ₹21 crore. Profit attributable to the parent’s owners is separately ₹226 crore, offset by a ₹1 crore loss attributable to non-controlling interests. These labels explain why both ₹225 crore and ₹226 crore appear in discussions of the results.
The year-ago quarter included a ₹190 crore exceptional charge, against ₹4 crore now. Paytm’s release reconciles profit before exceptional items at ₹229 crore versus ₹211 crore. This is an issuer-presented comparison, not a replacement for statutory profit. The headline profit increase therefore should not be treated as the growth rate of underlying operations.
Reported and comparable are not interchangeable
The Payments Infrastructure Development Fund (PIDF) is an incentive scheme. Paytm’s comparable bridge removes ₹12 crore of PIDF income from the current quarter and ₹74 crore from the year-ago quarter. That produces 33% comparable revenue growth and 279% comparable EBITDA growth, versus reported growth of 28% and 90%.
Future comparisons should keep the same definition and track whether revenue growth continues to translate into reported EBITDA. No share-price reaction, future MDR income or investment return is established by these results.
More company earnings: Supreme Industries Q2 FY27.
AI-assisted reporting checked against the linked primary documents. This is not independent human editorial approval or investment advice.
Primary sources: One 97 consolidated results – 2026-10-27T05:58:44Z; Paytm earnings release – 2026-10-27T05:58:44Z.
Recorded source observation: . This is a source-check timestamp, not a market quote or a new article update.