Financial Results Approval

The Board approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, based on the recommendation of the Audit Committee. The financial results were reviewed by the statutory auditors, S.R. Batliboi & Associates LLP.

Key Financial Figures (Consolidated)

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹2,648 crore
  • Other income: ₹182 crore
  • Total income: ₹2,830 crore
  • Profit before tax: ₹292 crore
  • Profit for the period: ₹225 crore
  • Basic EPS: ₹3.52
  • Diluted EPS: ₹3.47

Half Year Ended September 30, 2026:

  • Revenue from operations: ₹5,096 crore
  • Other income: ₹364 crore
  • Total income: ₹5,460 crore
  • Profit before tax: ₹539 crore
  • Profit for the period: ₹445 crore
  • Basic EPS: ₹6.97
  • Diluted EPS: ₹6.89

Comparative Figures (Quarter Ended September 30, 2025):

  • Revenue from operations: ₹2,061 crore
  • Profit for the period: ₹21 crore
  • Basic EPS: ₹0.33

Key Financial Figures (Standalone)

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹1,199 crore
  • Other income: ₹133 crore
  • Total income: ₹1,332 crore
  • Profit before tax: ₹187 crore
  • Profit for the period: ₹169 crore
  • Basic EPS: ₹2.64
  • Diluted EPS: ₹2.61

Half Year Ended September 30, 2026:

  • Revenue from operations: ₹2,268 crore
  • Other income: ₹267 crore
  • Total income: ₹2,535 crore
  • Profit before tax: ₹390 crore
  • Profit for the period: ₹354 crore
  • Basic EPS: ₹5.52
  • Diluted EPS: ₹5.46

Subsidiary Investments Approved

The Board approved additional investments of up to ₹500 crore in Paytm Cloud Technologies Limited (PCTL), a wholly owned subsidiary, in one or more tranches over the next twelve months. The PCTL Board also approved an additional investment of up to ₹500 crore in its wholly owned subsidiary, Paytm Singapore Pte. Ltd., over the next twelve months. These investments are intended to support working capital, investments, and business expansion requirements.

NPCI Circular Update on MDR

As per the latest NPCI press release dated October 13, 2026, Merchant Discount Rate (MDR) will be implemented immediately after Diwali on a date to be notified separately. Based on the proposed cap of 0.4% MDR on select payments (non-industry merchants) for payments above ₹2,000, and based on current GMV mix, the company expects an indicative uplift of approximately 2.5 bps in overall Payments Processing Margin (PPM). The actual outcome is expected to stabilize in 2-3 quarters post-implementation.

Default Loss Guarantee Update

The company approved Default Loss Guarantee (DLG) on loans disbursed by lending partners. The updated limits are:

  • Revised DLG limit of up to ₹150 crore each for Piramal Finance Limited and Kisetsu Saison Finance (increased from ₹90 crore each)
  • New DLG limit of up to ₹100 crore each for Vivriti Capital Ltd and UGRO Capital Limited
  • Existing DLG of up to ₹350 crore to SMFG India Credit Co. Ltd. and ₹90 crore to Muthoot Fincorp Limited

The guarantee will be provided in the form of Fixed Deposits or Bank Guarantee.

Key Managerial Personnel Authorization

The Board authorized Mr. Madhur Deora (President and Group CFO) for determining materiality of events, and Mr. Sunil Kumar Bansal (Company Secretary & Compliance Officer) for dissemination and disclosure of material events to stock exchanges.

Emphasis of Matter in Auditor's Report

The review report highlights a Show Cause Notice received by the company and two subsidiaries from the Directorate of Enforcement alleging contraventions of FEMA provisions with an aggregate value of approximately ₹611 crores. Management has recorded provisions for related compounding fees based on best estimates, but the final outcome cannot be assessed pending resolution.

IPO Proceeds Utilization

As of September 30, 2026, the company has utilized ₹6,633 crore of the net IPO proceeds of ₹8,119 crore. The unutilized amount of ₹1,486 crore is temporarily invested in fixed deposits. During the quarter, the Board and shareholders approved changing the purpose of utilization of residual IPO proceeds of Object 2, making ₹1,686 crore fungible between Object 1 and Object 2 without sub-limits by March 31, 2029.

Other Significant Matters

  • Paytm Payments Bank Limited's banking license was cancelled by RBI on April 24, 2026, with no direct financial or operational impact on the company
  • The company transferred its offline merchant business to Paytm Payments Services Limited on a slump sale basis for ₹975 crores effective November 30, 2025
  • First Games Technology Private Limited (JV) received a GST demand order for ₹704 crore plus penalty and interest on October 12, 2026, subsequent to the reporting period. The company's exposure is limited to its investment, which is already fully impaired

Board Meeting Details

The board meeting commenced at 7:51 PM IST on October 26, 2026, and was ongoing at the time of the disclosure.