Paytm's Revenue Drops Amidst Recovery Efforts
Paytm's revenue declined by 36% to 18.3 billion rupees ($211 million) in Q3 2025, as the Indian fintech continues to navigate regulatory challenges from the previous year.
Net loss narrowed to 2.08 billion rupees, aided by a stake sale in PayPay Corp. Analysts had projected losses of 3.32 billion rupees.
Paytm's banking affiliate was shut down early in 2024 due to regulatory concerns, disrupting the company's operations. Founder Vijay Shekhar Sharma has since forged partnerships with other lenders and divested non-core businesses to drive recovery.
The company is awaiting regulatory approval to become a payments aggregator, which would enable online retailers and merchants to accept digital payments.
Paytm shares remained largely unchanged in early trading, despite a 3.1% initial dip. The stock has recovered since its decline following regulatory action, but remains 58% below its 2021 debut.
Paytm pioneered fintech in India with its mobile wallets and QR codes. The company, backed by prominent investors, remains a major player in the highly competitive fintech market, facing competition from PhonePe, Google Pay, and others.