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Paytm reported a 79% year-on-year jump in net profit to Rs 220 crore for Q1 FY27, with operating revenue up 27% to Rs 2,448 crore. The results confirm sustained profitability after the company returned to the black in FY26 following regulatory setbacks.
The Reserve Bank of India has formally cancelled the license of Paytm Payments Bank Ltd, sending One97 Communications shares down 8% in early trade. The cancellation ends any possibility of the payments bank resuming operations, adding regulatory risk to Paytm's ongoing business restructuring.
Paytm shares fell 8% after the RBI cancelled Paytm Payments Bank's licence, then recovered as Jefferies, Goldman Sachs, and Bernstein held their buy ratings. All three brokerages said the financial impact is limited because Paytm's core business is structurally separate from PPBL.
Tag
Paytm reported a 79% year-on-year jump in net profit to Rs 220 crore for Q1 FY27, with operating revenue up 27% to Rs 2,448 crore. The results confirm sustained profitability after the company returned to the black in FY26 following regulatory setbacks.
1mo ago · 3 min · Business
The Reserve Bank of India has formally cancelled the license of Paytm Payments Bank Ltd, sending One97 Communications shares down 8% in early trade. The cancellation ends any possibility of the payments bank resuming operations, adding regulatory risk to Paytm's ongoing business restructuring.
3mo ago · 2 min · Markets
Paytm shares fell 8% after the RBI cancelled Paytm Payments Bank's licence, then recovered as Jefferies, Goldman Sachs, and Bernstein held their buy ratings. All three brokerages said the financial impact is limited because Paytm's core business is structurally separate from PPBL.
3mo ago · 2 min · Markets
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