Paytm shares rally 6% as RBI grants in-principle approval to subsidiary for online payment aggregation

When the onboarding ban was first imposed, Paytm’s management had downplayed its impact, saying it only affected new online merchants. That period also saw Antfin exit the company entirely through block deals, mirroring Berkshire Hathaway’s earlier divestment, both selling at a loss.

The regulatory development comes weeks after Paytm posted its first-ever June-quarter profit. For the three months ended June 30, 2025, One97 Communications reported a consolidated net profit of Rs 123 crore, a sharp turnaround from a loss of Rs 839 crore a year earlier. The improvement was driven by robust growth in its lending segment and tighter cost controls, particularly in marketing and employee expenses.

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Ebitda stood at Rs 72 crore for the quarter, marking a reversal from losses in the previous two quarters, aided by operating leverage and better margins across business lines. Revenue from operations rose 28 percent year-on-year to Rs 1,918 crore, while total income, including other income, touched Rs 2,159 crore.

At about 9:30 am, shares of the company were trading at Rs 1,181, higher by 5.45 percent from the last close on the NSE. Paytm shares have risen over 17 percent in the previous month.

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