Paytm, the Noida-based digital payments company, said April–June operating revenue rose 28% year on year to 24.5 billion rupees (US$254 million).

Its board also decided not to proceed with what would have been its first bonus share issue since its 2021 listing.

The board said it was prioritizing long-term growth and profitability.

The proposed bonus ratio and record date were not disclosed before the proposal was shelved.

The quarter followed Paytm’s first full-year profit since listing in fiscal year 2026.

The company said growth was driven by four businesses: merchant payments, merchant loan distribution, consumer payments, and consumer monetization.

Paytm said it will invest 1 billion rupees (US$10.4 million) in Paytm Money, its wholly owned stockbroking subsidiary, while retaining 135.3 billion rupees (US$1.4 billion) in cash for selective organic and inorganic opportunities.

It also appointed former Google executive Amit Singhal as an independent director.

Paytm’s shares closed nearly flat at 1,348 rupees (US$14) on the BSE.

🔗 Source: The Economic Times

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