New Delhi, Nov. 18 -- Brokerage firm Emkay Global has said that Noida-based Paytm has delivered strong earnings, with profitability and revenues surpassing Street estimates.

The brokerage reiterated its 'Buy' rating and raised its price target to Rs1,600 (up from Rs 1,500), citing strong execution and an attractive risk-reward profile for the stock.

As part of its Q2 2025-26 results ending September, Paytm had reported a 71 per cent sequential increase in profit after tax (PAT) at Rs 211 crore for the quarter, excluding a one-time charge of Rs 190 crore.

Merchant subscriptions for the payments firm reached an all-time high of 1.37 crore, up 25 lakh year-on-year, underscoring Paytm's continued innovation-led leadership in merchant payme...