Paytm’s Q2 Snapshot, Porter Cuts 350 Jobs & More

Paytm’s Past Muddles Q2

Paytm just about managed to remain in the black in Q2 FY26. Despite robust growth in its top line and improving EBITDA margins, the company’s profits shrank considerably due to a statistical illusion. 

Here is a snapshot of Paytm’s Q2 numbers:

• Net profit stood at INR 21 Cr, down 98% YoY and 83% QoQ 
• Operating revenue rose 24% YoY and 7% QoQ to INR 2,061 Cr 
• Total expenses declined 8% YoY to INR 2,062 Cr
• EBITDA margin improved to 6.8% from -24% in Q2 FY25

Ghosts…