Last Updated:
Paytm posts Rs 183 crore Q4 net profit and 18 percent revenue rise, but RBI cancels Paytm Payments Bank licence from April 24 2026, citing depositor and public interest concerns
Paytm shares in focus
Paytm Share Price: Paytm shares are in focus on Thursday after the fintech reported a net profit of Rs 183 crore in the fourth quarter of the financial year 2024-25. The company had registered a net loss of Rs 545 crore in the corresponding period of the previous financial year.
On a sequential basis, the company reported a fall in the net profit to Rs 225 crore in Q3FY26.
The quarter went well for the firm as it reported a higher payment transaction volume and value, rising merchant subscriptions and the distribution of financial services (mostly personal and merchant loans).
For the March quarter, the revenue from operations stood at Rs 2,264 crore, an 18 percent rise compared to Rs 1,912 crore. Paytm had reported a revenue of Rs 2,194 crore in the December quarter, the filing showed.
The company’s full-year revenue from operations grew 22 percent to Rs 8,437 crore in the reported quarter, compared to Rs 6,900 crore during FY 25. Interestingly, this is still lower than the Rs 9,978 crore the company had reported in FY 24.
Paytm’s revenue from operations for March quarter stood at Rs 2,264 crore, an 18 per cent jump compared to Rs 1,912 crore. In the corresponding quarter of the previous fiscal year, the revenue was Rs 2,194 crore.
The company’s full-year revenue from operations grew 22 percent to Rs 8,437 crore in the reported quarter, compared to Rs 6,900 crore during FY 25.
Paytm Suffered Setback From RBI Earlier
In a major regulatory action, the Reserve Bank of India (RBI) has cancelled the banking licence of Paytm Payments Bank Ltd (PPBL) with immediate effect from the close of business on April 24, 2026. The action was taken under the Banking Regulation Act, 1949.
With this move, Paytm Payments Bank can no longer carry out banking business in India. The RBI has also said it will approach the High Court for the winding up of the bank.
The RBI said the bank’s affairs were being run in a way that was harmful to the interests of the bank and its depositors. It also raised concerns over the character of the management, saying it was prejudicial to depositors and public interest.
“The affairs of the bank were conducted in a manner detrimental to the interest of the bank and its depositors. Thus, the bank is not complying with Section 22 (3) (b) of the BR Act,” the RBI said.
Further, the RBI said allowing the bank to continue would not serve any useful purpose or public interest.
The regulator also said Paytm Payments Bank failed to comply with conditions attached to its payments bank licence.
Read More
Source link
[ad_3]
