New Delhi, Nov. 24 -- Payment services provider PayU India turned profitable in the September quarter, with adjusted Ebitda turning positive at $3 million from a loss of $6 million a year ago largely due to a growth in its merchant-lending business.

The Prosus-backed company's Ebitda margin rose 400 basis points to 1% in the quarter. Ebitda is earnings before interest, taxes, depreciation and amortization.

PayU's revenue in the September quarter rose to $214 million, up 21% year‑on‑year, and 17% sequentially.

The financial data was reported in Dutch investor Prosus' half-yearly (H1FY26) update on Monday.

Prosus's latest India disclosures attribute much of this to PayU's merchant lending arm, whose assets under management i...