Paytm has turned an operational profit for the first time. On a revenue of Rs 1,470 crore, the company reported a profit of Rs 122.5 crore. This first ever truly profitable quarter will hearten public investors. Paytm was hit hard by the Reserve Bank of India shutting down Paytm Payments Bank and forcing the company to discontinue Paytm wallets in early 2024. The company has been on a steady mend since that wipeout.
Paytm announced its results for the quarter ended March 2025, showing signs of recovery. Founder Vijay Shekhar Sharma teased a potential return for Paytm wallets, saying they “may be near a breakthrough or some resolution.” This is a significant hint for shareholders following the fintech company’s decline after the RBI restrictions on Paytm Payments Bank. The company is on track for profitability, with strong growth in financial services and merchant subscriptions.
The year after the Reserve Bank of India’s (RBI) action against Paytm Payments Bank started hard for the company, threatening its operational existence. However, Paytm is showing signs of recovery. In the December quarter, its revenue came in at ₹1,901 crore. The company bagged the National Payments Corporation of India’s approval for a Third-Party Application Provider (TPAP) license, marking a key regulatory milestone. CEO Vijay Shekhar Sharma has emphasized compliance.
