Paytm’s revenue slumps on gaming-unit hit regardless of income achieve

One 97 Communications Ltd., the operator of Paytm, reported a web revenue of Rs 21 crore for the quarter ended Sept. 30, 2025, dropping sharply from about Rs 928 crore a 12 months earlier, as a one-time impairment tied to its online-gaming three way partnership swamped working beneficial properties.

Final 12 months’s Rs 928 crore was on account of Paytm’s ticketing platform sale to Everlasting, the holding firm of Zomato.

Income from operations rose 24% to Rs 2,061 crore from Rs 1,659 crore, whereas whole bills fell to Rs 2,062 crore from Rs 2,245 crore.

Earlier than distinctive gadgets, revenue earlier than tax improved to Rs 220 crore versus a lack of Rs 407 crore a 12 months earlier, underscoring higher core execution.

The underside line was hit by a Rs 190-crore impairment towards a mortgage to First Video games Know-how Pvt., Paytm’s JV, after India’s Promotion and Regulation of On-line Gaming Act, 2025, prohibited on-line gaming.

The corporate additionally recognised an impairment provision of Rs 5 crore on an affiliate funding and Rs 12 crore on optionally convertible debentures within the June quarter, bringing further stress on first-half outcomes.

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Funds

Internet fee income climbed 28% 12 months on 12 months to Rs 594 crore, helped by higher processing margins, extra system deployments and an early festive season. Service provider subscriptions reached 1.37 crore.

Whole fee quantity (GMV) rose 27% to Rs 5.67 lakh crore.

Paytm has adopted a extra environment friendly strategy to system administration, refurbishing {hardware} from inactive retailers and redeploying it to energetic ones. This technique has boosted utilisation charges whereas retaining capital expenditure beneath management.

Monetary companies

Distribution income jumped 63% to Rs 611 crore, with service provider loans serving as the first progress driver. Common month-to-month transacting customers reached 7.5 crore, whereas prospects actively utilizing Paytm’s monetary companies rose to six.5 lakh from 6.0 lakh a 12 months earlier.

This progress was led by service provider lending and margin-funding merchandise throughout the firm’s broking platform.