Paytm Reports Third Consecutive Quarterly Profit

Paytm reported a net profit of about Rs 225 crore in the December quarter, its third consecutive profitable quarter, as revenue rose nearly 20% year-on-year to about Rs 2,200 crore and contribution margins expanded. Management said payments, merchant subscriptions and financial services anchored growth and set targets of 15–20% EBITDA margins and 30% revenue growth over two to three years, while analysts warned regulatory risks, competition and the non‑renewal of PIDF incentives could temper near-term earnings visibility.