India, Feb. 12 -- Airtel Payments Bank's consolidated net profit zoomed 68% year-on-year (YoY) to INR 18.5 Cr for the third quarter of the financial year 2024-25 (Q3 FY25) from INR 11 Cr in the year-ago quarter, driven by strong adoption of its digital banking solutions.

On a quarterly basis it grew 65% from INR 11.2 Cr in Q2 FY25.

For the quarter under review, revenue crossed INR 700 Cr, up by 49% YoY from INR 469 Cr in Q3 FY24. Sequentially, it grew 3.8% from INR 674 Cr in Q2 FY25.

Meanwhile, EBITDA jumped 66% YoY in Q3 to INR INR 87 Cr.

The Sunil Bharti Mittal-led entity claimed that its monthly transacting users (MTU) grew 62% YoY to cross the 100 Mn mark, reflecting increasing preference for its digital accounts and merchant solu...