Paytm Q4 Results 2025: One97 Communication At Rs 539.8 Crore Loss, Revenue Falls 15.7% YoY

Paytm's parent company, One97 Communications, announced its financial results for the fourth quarter of financial year 2025 (Q4 FY25) on Tuesday, May 6. The company reported a consolidated net loss of Rs 539.8 crore for the January-March quarter, compared to a loss of Rs 549.6 crore in the same period last year.

During the fourth quarter of FY25, Paytm recorded exceptional expenses worth Rs 522 crore. After excluding these one-time costs, the company's loss narrowed to Rs 23 crore. However, if both the UPI incentive and exceptional items are excluded, the loss increases to Rs 93 crore.

Paytm Q4 Results 2025 Live: One97 Communications Earnings

In its earnings release, Paytm said that its revenue from UPI incentives was lower this year because the government gave fewer incentives. The company stated, "The industry expects MDR on UPI for large merchants to be allowed in the near future, which will result in incremental monetisation opportunities. We will update our payment processing margin guidance once we have clarity on MDR on UPI."

The Vijay Shekhar Sharma lead fintech company's consolidated revenue from operations stood at Rs 1,911.5 crore for the quarter, reflecting a 15.7% decline year-on-year from Rs 2,267.1 crore reported in Q4FY24.

"In Q4FY25, we achieved operating revenue of Rs 1,911 crore, with an increase in revenues from the distribution of financial services and Rs 70 crore of UPI incentive for FY25. Excluding the UPI incentive, revenue increased 1 per cent QoQ, despite the festive season surge in payments volume in the previous quarter," the company said

One97 Communications Earnings FY 2025: Paytm EBITDA

Paytm announced that it made a profit at the operating level before accounting for employee stock costs. Its earnings before interest, tax, depreciation, and amortization (EBITDA), excluding ESOP (employee stock ownership plan) expenses, stood at Rs 81 crore in the March quarter. This is 21% lower than the Rs 102 crore it earned in the same quarter last year. The company's profit margin at this level also dropped slightly by 0.3 percentage points year-on-year, coming in at 4%.

The company's overall spending during the March quarter dropped by almost 20%, coming down to Rs 2,154.9 crore compared to Rs 2,691.4 crore in the same quarter last year. Last month, Paytm's Chief Executive Officer (CEO) Vijay Shekhar Sharma waived 21 million ESOPs following scrutiny from the market regulator SEBI, resulting in a non-cash expense of Rs 492 crore.

Paytm Share Price Today: Paytm Stock Movements

Shares of One97 Communications, the parent company of Paytm, fell by 5.7% on Tuesday before the company announced its quarterly results. The stock is still far below its IPO price of Rs 2,150, having dropped 62% since then. In 2025 alone, it has gone down by 17%.