New Delhi: In its Q4 Results for 2024-25, Paytm stated that its Operational focus helped increase its revenue to Rs 1,911 crore. It mentioned that it achieved EBITDA before ESOP profitability at Rs 81 crore.

Paytm mentioned that it is is close to full profitability as profit after tax (PAT) improved to Rs 23 crore., while it received UPI incentives of Rs 70 crore.  The fintech declared a robust cash balance of Rs 12,809 crore.

The Indian fintech pioneer Paytm in its January-March quarter of FY25 stated that it achieved EBITDA before ESOP profitability in the quarter. Paytm reported EBITDA before ESOP at Rs 81 crore, including the UPI incentive for Q4 FY25. While excluding the incentive, EBITDA improved by Rs 51 crore QoQ to Rs 11 crore.

The company also incurred an exceptional cost of Rs 522 crore (including a one-time, non-cash ESOP expense of Rs 492 crore, and a Rs 30 crore impairment to investments in certain subsidiaries or associates).

On reducing these exceptional expenses the company’s profit after tax (PAT) improved to Rs 23 crore. Excluding both the UPI incentive and one-time charges, PAT improved by Rs 115 crore QoQ to Rs 93 crore.

Paytm registered a 5 percent growth in its operating revenue to Rs 1,911 crore in Q4 FY25. Contribution profit rose to Rs 1,071 crore, up 12% QoQ, with the contribution margin improving to 56%. The company’s revenue from financial services rose 9% sequentially to Rs 545 crore, while merchant loan disbursements stood at Rs 4,315 crore during the quarter, with more than 50% of loans given to repeat borrowers, highlighting strong credit performance and customer retention.

Payments continued to deliver stable returns as the company’s net payment margin was Rs 578 crore, which included Rs 70 crore from the UPI incentive. Excluding the incentive, the margin stood at Rs 508 crore, up 4 percent quarter-on-quarter. Paytm also ended the quarter with a healthy cash balance of Rs 12,809 crore, providing a strong base for future growth, Paytm mentioned in its release.

The fintech giant saw a consistent rise in user and merchant activity with Gross Merchandise Value (GMV) growing to Rs 5.1 lakh crore in Q4 and Average Monthly Transacting Users (MTUs) increasing to 7.2 crore. Meanwhile, the number of merchants using Paytm’s payment devices rose by 8 lakh during the quarter, reaching a total of 1.24 crore.

The company also strengthened its innovation leadership with the launch of India’s first Solar Soundbox and the Mahakumbh Soundbox. These new products not only reinforce Paytm’s dominance in the soundbox category but also help in expanding financial services distribution among merchants.