Paytm's Q2 Profit Declines 98% YoY
Paytm's profit after tax (PAT) plunged 98% year-over-year (YoY) and 83% quarter-over-quarter (QoQ) to INR 21 Cr in Q2 FY26.
The decline was due to an impairment loss of INR 190 Cr on a loan given to its real money gaming joint venture, First Games.
Operating revenue, however, surged 24% YoY and 7% QoQ to INR 2,061 Cr, with total revenue reaching INR 2,283 Cr, including other income of INR 222 Cr.
Expenses declined 8% YoY to INR 2,062 Cr, helping the company maintain profitability despite the significant decline.
Paytm managed to cling to profitability in Q2 FY26, despite a substantial decline both on a year-on-year (YoY) and a sequential basis.
Author's summary: Paytm's Q2 profit drops 98% YoY to INR 21 Cr.
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