Is PayTM’s turnaround for real? The complete story behind the numbers
- Posted on September 1, 2025
- By Financial Express
- 8 Views

Is PayTM’s turnaround for real? The complete story behind the numbers

Paytm turned profitable in Q1FY26 with Rs 1.2 bn net profit, aided by cost control and accounting gains. RBI’s nod as a payment aggregator boosts sentiment but adds little revenue. Growth is slowing as UPI saturates, lending faces headwinds, and sustainability of margins remains a key investor concern.