PAYTM One 97 Q4 FY26 results (Jan–Mar 2026) and concall
One 97 reported a robust Q4 FY26, with GMV growing 27% YoY and net payment margins expanding to 9 bps. The company achieved an EBITDA margin of approximately 6% for FY26. Management highlighted broad-based growth across payments and financial services, with merchant loan penetration reaching 7%. The company is focused on leveraging AI for customer acquisition and retention, and aims for 15-20% EBITDA margins in the medium term, while indirect costs are expected to grow significantly lower than revenue in FY27.
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What they filed
Q4 FY26: revenue up 18.4%, net profit up 133.6% against the same quarter last year.
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 1,828 | 1,912 | 1,918 | 2,061 | 2,194 +20% | 2,264 +18% |
| EBITDA | -223 | -88 | 72 | 140 | 155 +170% | 132 +250% |
| Net profit | -208 | -545 | 123 | 21 | 225 +208% | 183 +134% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
