Paytm Share Price Target 2026: One 97 Communications, Paytm’s parent company, is expected to remain in focus in today’s trading session after reporting a strong set of Q4 FY26 results, marked by a return to profitability and steady operational growth.
For the quarter ended March 2026, the company posted a consolidated profit of Rs 183 crore, a sharp turnaround from a loss in the same period last year. Revenue from operations rose 18.4 per cent year-on-year to Rs 2,264 crore, compared with Rs 1,912 crore in Q4 FY25.
Paytm Q4 Performance
The improvement was supported by healthy growth across key segments. Financial services revenue increased 12 per cent quarter-on-quarter and 38 per cent year-on-year, driven by strong momentum in merchant lending.
Payment operations also remained solid, with core margins continuing to expand, even as incentive reductions led to a moderation in payment margins to 9 basis points.
On the platform side, Paytm strengthened its digital payments ecosystem, consistently gaining UPI market share through FY26. UPI volumes rose 46 per cent year-on-year, significantly outpacing the industry’s around 21 per cent growth, indicating stronger user engagement.
The monthly transacting user base also expanded by around 50 lakh year-on-year, reaching approximately 7.7 crore users. Meanwhile, Gross Transaction Value (GTV) growth continued to outpace the broader industry, reflecting higher platform activity.
The brokerage expects EBITDA to expand meaningfully over FY26–FY30, supported by controlled costs and steady revenue growth of under 20 per cent, suggesting improving profitability dynamics over time.
Device additions remained stable, easing earlier concerns about competitive pressure in the merchant ecosystem.
Paytm Stock Performance
Paytm stock shows mixed short-term performance but strong long-term gains. It is up 0.46 per cent in a week and 7.9 per cent in a month, but down over 6 per cent in 3 months and 14 per cent YTD.
However, it has surged 36 per cent in one year, 215 per cent in two years, and 61 per cent over three years, indicating strong long-term wealth creation despite recent volatility.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
