India, July 22 -- Fintech major Paytm turned profitable in the first quarter of FY26, posting a consolidated net profit of INR 122.5 Cr against a net loss of INR 840.1 Cr in the year-ago quarter. The company had reported a net loss of INR 544.6 Cr in the preceding March quarter.

The Vijay Shekhar Sharma-led company's revenue from operations grew 28% to INR 1,918 Cr during the quarter under review from INR 1,502 Cr in Q1 FY25. It was almost flat compared to INR 1,911 Cr operating revenue in Q4 FY25.

Total expenses for the quarter under review declined 18% to INR 2,016.1 Cr from INR 2,476.4 Cr in Q1 FY25. On a QoQ basis, expenses fell 6.4% from INR 2,154.9 Cr.

(The story will be updated soon)

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