Paytm Q1 profit rises 79% to ₹220 crore; board drops bonus issue plan
One97 Communications reported Q1 FY27 revenue of ₹2,448 crore, up 28% year on year, as merchant GMV rose 31%. The board approved up to ₹100 crore for Paytm Money and will seek to extend IPO-proceeds deployment through March 2029.
Paytm posted stronger Q1 FY27 profitability and payments growth, while dropping its proposed bonus issue. The board approved up to ₹100 crore for Paytm Money and plans to seek approval to extend deployment of remaining IPO proceeds through March 2029.
Why this matters
The result follows recent Paytm signals reporting Q1 FY27 profit of ₹220 crore with 28% revenue growth and the withdrawal of its bonus-share plan as EBITDA exceeded expectations.
retail-company is accelerating, up 945400% QoQ.