5433962025-10-012025-12-315433962025-12-315433962025-04-012025-12-315433962025-10-012025-12-31in-capmkt:OtherExpenses1Member5433962025-10-012025-12-31in-capmkt:OtherExpenses2Member5433962025-10-012025-12-31in-capmkt:OtherExpenses3Member5433962025-10-012025-12-31in-capmkt:OtherExpenses4Member5433962025-04-012025-12-31in-capmkt:OtherExpenses1Member5433962025-04-012025-12-31in-capmkt:OtherExpenses2Member5433962025-04-012025-12-31in-capmkt:OtherExpenses3Member5433962025-04-012025-12-31in-capmkt:OtherExpenses4Member5433962025-10-012025-12-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15433962025-04-012025-12-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15433962025-10-012025-12-31AuditorDomain15433962025-12-31Statement15433962025-10-012025-12-31Statement1iso4217:INRxbrli:pureiso4217:INRxbrli:shares543396PAYTMNOTLISTEDINE982J01020ONE 97 COMMUNICATIONS LIMITEDMain BoardEquity2025-04-012026-03-312026-01-292026-01-16INRCroresQuarterlyThird quarterSingle segmentRefer Segment Note2026-01-2918:02:002026-01-2919:34:00Declaration of unmodified opiniontrue1true2025-10-012025-12-31UnauditedStandalone15530000000161000000017140000000000418000000040000000960000000105100000001569000000014500000000145000000000001450000000000014500000000145000000064000000012.272.23002.272.231. The Statement of Unaudited Standalone Financial Results has been prepared in accordance with the recognition and measurement principles laid down in the applicable accounting standards prescribed under Section 133 of the Companies Act, 2013 (the “Act”) and other accounting principles generally accepted in India and presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, (‘Listing Regulations’). The Statement of Unaudited Standalone Financial Results of the Company have been reviewed by the Audit Committee and approved by the Board of Directors of the Company in their respective meetings held on January 29, 2026. The Statutory Auditors of the Company have performed Limited Review of the aforesaid results. <BR> <BR> 2. The Company is engaged in different business units, including payment services, distribution of financial services and marketing services. The Board of Directors (Chief Operating Decision Maker “CODM”) reviews the information at the revenue level and does not allocate operating costs and expenses, assets and liabilities across business units, as the CODM does not use such information to allocate resources or evaluate the performance of the business units. The way the CODM reviews the performance, management of the Company has concluded that it constitutes a single segment as per Ind AS 108 'Operating Segments'. Hence, no separate disclosure is required for segments. <BR> <BR> 3. Exceptional item for the prior period and corresponding period comprises of: <BR> <BR> a. For the year ended March 31, 2025, exceptional gain of INR 728 crores comprises of amounts disclosed under para 3(b) and 3(c) below. <BR> <BR> b. During the quarter ended September 30, 2024 and nine months period ended December 31, 2024, the Company had sold its movie ticketing business and events business to Zomato Limited resulting in gain of INR 1,258 crores. <BR> <BR> c. On April 16, 2025, the MD & CEO voluntarily offered to forego certain ESOPs, which were consequently cancelled by the Nomination and Remuneration Committee (NRC) of the Company resulting in the Company recording cancellation charge of INR 492 crores in accordance with Ind-AS 102 during the year ended March 31, 2025. Further, for the quarter and year ended March 31, 2025, the Company recognized provisions for impairment of investments in subsidiaries amounting to INR 18 crores and an impairment provision of INR 20 crores of optionally convertible debentures. <BR> <BR> d. As at December 31, 2025, the Company holds an investment in First Games Technology Private Limited (FGTPL), a Joint Venture (JV), with a carrying value of INR 205 crores. Consequent to the enactment of the Promotion and Regulation of Online Gaming Act, 2025 (the Act), which prohibits online gaming, the Company recorded an impairment loss against the investment and loan given to the JV of INR 205 crores and INR 190 crores respectively during the quarter ended September 30, 2025 and nine-month period ended December 31, 2025. <BR> <BR> e. During the quarter ended June 30, 2025 and nine months period ended December 31, 2025, the Company recognized impairment of investments in subsidiaries amounting to INR 26 crores, impairment provision of investments in associates amounting to INR 5 crores and an impairment provision of INR 12 crores of optionally convertible debentures. <BR> <BR> 4. During the previous year ended March 31, 2025, the Company, together with its subsidiary and step-down subsidiary (namely Little Internet Private Limited and Nearbuy India Private Limited respectively), received a Show Cause Notice ("SCN") dated February 27, 2025, from the Directorate of Enforcement, Government of India. The SCN alleged contraventions of certain provisions of the Foreign Exchange Management Act, 1999 (FEMA) and the rules and regulations framed thereunder. <BR> The alleged contraventions inter-alia primarily pertains to certain investments made by the Company in those subsidiaries in earlier years and equity raised by the subsidiaries. The alleged contraventions include periods when Little Internet Private Limited and Nearbuy India Private Limited were not subsidiaries of the Company. The aggregate value of the contraventions included in the SCN is approximately INR 611 crores. <BR> <BR> During the quarter ended December 31, 2025, the Reserve Bank of India (“RBI”) has compounded the matters having aggregate value of approximately INR 21 crores relating to Nearbuy India Private Limited. Further, based on the application and additional steps taken by the Company and its subsidiaries, RBI has observed that the matters having aggregate value of approximately INR 485 crores are in compliance with applicable laws. <BR> <BR> The Company is in the process of taking necessary steps for resolution of matters included in the SCN. Based on an independent legal opinion and management's assessment, the Company has recorded provision for related compounding fees on best estimates. <BR> <BR> Pending the final outcome of all the related processes in this regard, it is not possible to assess the consequent effects of the above remaining matters on these financial results. <BR> <BR> 5. Pursuant to the Master Direction on Regulation of Payment Aggregators (PA) issued by the Reserve Bank of India (RBI), vide its circular dated September 15, 2025 ('RBI Guidelines'), the Company, effective midnight of November 30, 2025, transferred its’ Offline merchant payment aggregator business to its wholly owned subsidiary, Paytm Payments Services Limited (PPSL) on a slump sale basis for purchase consideration of INR 975 crores. Considering the transaction to be within the Group, this has not been disclosed as discontinued operations. Consequent to the aforesaid transfer, results for the quarter and nine months ended December 31, 2025 are not comparable with the previous periods. <BR> <BR> 6. On November 21, 2025, the Government of India notified provisions of the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively, the “Labour Codes”), which consolidate twenty-nine existing labour laws into a unified framework governing employee benefits during employment and post-employment. The Labour Codes introduce several changes, including a uniform definition of wages and enhanced leave-related benefits. The Company has assessed the financial implications of these changes, which have resulted in an incremental expense (net) of INR 11 crores for the quarter and nine months ended December 31, 2025. The Company continues to monitor developments relating to the Labour Codes and will evaluate the impact, if any, on the remeasurement of liabilities pertaining to employee benefits. <BR> <BR> 7. Details of utilisation of net IPO Proceeds of INR 8,119 crores, are as follows: <BR> <BR> (Amount in INR crores) <BR> <BR> S. No. Objects of the issue Amount as Amount Utilised Amount Un-utilised <BR> proposed in up to as on <BR> Offer Document December 31, 2025 December 31, 2025 <BR> <BR> <BR> <BR> 1 Growing and strengthening our Paytm <BR> ecosystem, including through acquisition <BR> and retention of consumers and merchants <BR> and providing them with greater access to <BR> technology and financial services <BR> <BR> i) Marketing and promotional expenses 4,300 761 - <BR> ii) Expanding our merchant base and <BR> deepening our partnership with our merchants 1,722 <BR> iii) Strengthening and expanding our technology <BR> powered payments platform 1,817 <BR> <BR> <BR> Total (A) 4,300 4,300 <BR> <BR> <BR> 2 Investing in new business initiatives, <BR> acquisitions and strategic partnerships <BR> <BR> i) Investments in new business initiatives <BR> a) Payment Services 2,000 2,000 <BR> b) Commerce and cloud services <BR> c) Financial Services <BR> ii) Investments in acquisitions and strategic <BR> partnerships <BR> Total (B) 2,000 2,000 <BR> <BR> For detailed notes kindly refer to the financial results uploaded on the website of the Company <BR> 2025-04-012025-12-31UnauditedStandalone4820000000053900000005359000000000013340000000130000000391000000032360000000497400000003850000000-4380000000-5300000000000-5300000000000-530000000-40000000-5700000006400000001-0.83-0.8300-0.83-0.83Payment processing charges3410000000Marketing and promotional expenses1370000000Software, cloud and data centre expenses1190000000Other expenses4540000000Payment processing charges11150000000Marketing and promotional expenses3510000000Software, cloud and data centre expenses3620000000Other expenses14080000000The Company is engaged in different business units, including payment services, distribution of financial services and marketing services. The Board of Directors (Chief Operating Decision Maker “CODM”) reviews the information at the revenue level and does not allocate operating costs and expenses, assets and liabilities across business units, as the CODM does not use such information to allocate resources or evaluate the performance of the business units. The way the CODM reviews the performance, management of the Company has concluded that it constitutes a single segment as per Ind AS 108 'Operating Segments'. Hence, no separate disclosure is required for segments.Re-measurement gain/ (loss) on defined benefit plans00Re-measurement gain/ (loss) on defined benefit plans-40000000-4000000000000-40000000UnauditedtrueS.R.Batliboi & Associates LLPtrue2027-07-3100000Public Issues2021-11-181830000000002025-12-31trueAxis Bank LimitedfalseNANANASunil Kumar BansalCompany Secretary and Compliance OfficerNoida2026-01-29