Indian fintech firm Paytm expects revenue growth in fiscal 2027 to exceed the 22 percent recorded in FY 2026. The company attributes the forecast to gains in market share for merchant and consumer payments, along with expansion in its financial services distribution.
Paytm also stated that margins should widen in the current fiscal year due to strict control on indirect expenses, including marketing and software costs.
The company posted a consolidated net profit of 1.84 billion rupees for the quarter ended March 31, reversing a loss of 5.4 billion rupees from a year earlier. Revenue from operations rose 18.4 percent to 22.64 billion rupees, driven by a 21 percent increase in payments services and a 38 percent jump in financial services distribution revenue.
Contribution margin stood at 55 percent, compared with 56 percent a year earlier. Profitability was impacted by the discontinuation of the RBI's Payments Infrastructure Development Fund scheme, which subsidized payment device deployment.
Last month, the Reserve Bank of India cancelled Paytm Payments Bank's license, citing persistent compliance lapses. Paytm said the move has had no impact on its business or financials.