5433962026-04-012026-06-305433962026-06-305433962026-04-012026-06-30in-capmkt:OtherExpenses1Member5433962026-04-012026-06-30in-capmkt:OtherExpenses2Member5433962026-04-012026-06-30in-capmkt:OtherExpenses3Member5433962026-04-012026-06-30in-capmkt:OtherExpenses4Member5433962026-04-012026-06-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15433962026-04-012026-06-30ItemsThatWillNotBeReclassifiedToProfitAndLoss25433962026-04-012026-06-30AuditorDomain15433962026-06-30Statement15433962026-04-012026-06-30Statement1iso4217:INRxbrli:pureiso4217:INRxbrli:shares543396PAYTMNOTLISTEDINE982J01020ONE 97 COMMUNICATIONS LIMITEDMain BoardEquity2026-04-012027-03-312026-07-20INRCroresQuarterlyFirst quarterSingle segmentRefer Segment Note2026-07-2020:00:002026-07-2021:30:00Declaration of unmodified opiniontrue1true2026-04-012026-06-30UnauditedStandalone10690000000134000000012030000000000257000000050000000130000000725000000010000000000203000000002030000000180000000018000000001850000000000018500000000185000000064000000012.92.86002.92.861. 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 July 20, 2026. The Statutory Auditors of the Company have carried out Limited Review of the aforesaid results. <br /> <br /> 2. The Statement includes the results for the quarter ended March 31, 2026, being the balancing figure between audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the previous financial year which was subject to limited review. <br /> <br /> 3. The Company is engaged in different business units, including payment and financial services and marketing services and 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 /> 4. Exceptional items comprises of: <br /> <br /> a. March 31, 2026: <br /> <br /> i. During the quarter and year ended March 31, 2026, Company received interest amounting to INR 21 crores as part of settlement of loan given to JV in an earlier period. <br /> <br /> ii. During the year ended March 31, 2026, the Company recognized impairment of investments in subsidiaries amounting to INR 26 crores, impairment provision of investments in associates amounting to INR 5 crores, impairment loss against the investment and loan given to the JV of INR 205 crores and INR 190 crores respectively and an impairment provision of INR 12 crores of optionally convertible debentures. <br /> b. June 30, 2025: <br /> <br /> During the quarter ended June 30, 2025, the Company recognized provision for impairment of investments in subsidiaries amounting to INR 26 crores, impairment provision of investments in associate amounting to INR 5 crores and an impairment provision of INR 12 crores of optionally convertible debentures. <br /> <br /> 5. During the 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 /> <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 year ended March 31, 2026, Reserve Bank of India (“RBI”) compounded matters having aggregate value of approximately INR 21 crores relating to Nearbuy India Private Limited and matters having aggregate value of approximately INR 33 crores for the Company. <br /> Further, based on the application and the additional steps taken by the Company and its subsidiaries, RBI had 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 /> 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 /> 6.Details of utilisation of net IPO Proceeds of INR 8,119 crores, are as follows: <br /> (Amount in INR crores) <br /> <br /> S. No Objects of the issue Amount as proposed Amount Utilised Amount Un-utilised <br /> in Offer Document up to June 30, 2026 as on June 30, 2026 <br /> <br /> <br /> 1 Growing and strengthening our Paytm ecosystem, <br /> including through acquisition and retention of <br /> consumers and merchants and providing them with <br /> greater access to technology and financial services <br /> <br /> <br /> i) Marketing and promotional expenses 761 <br /> ii) Expanding our merchant base and deepening <br /> our partnership with our merchants 4,300 1,722 - <br /> iii) Strengthening and expanding our <br /> technology powered payments platform 1,817 <br /> <br /> Total (A) 4,300 4,300 - <br /> <br /> 2.Investing in new business initiatives, acquisitions <br /> and strategic partnerships <br /> <br /> i) Investments in new business initiatives <br /> a) Payment Services 5.5 <br /> b) Commerce and cloud services 2,000 60.0 1,686 <br /> c) Financial Services 248.5 <br /> <br /> ii) Investments in acquisitions and strategic partnerships - <br /> <br /> Total (B) 2,000 314 1,686 <br /> <br /> 3. General corporate purposes 1,819 1,819 - <br /> <br /> Total (C) 1,819 1,819 - <br /> <br /> Total (A+B+C) 8,119 6,433 1,686 <br /> <br /> <br /> Net IPO proceeds which were un-utilised as at June 30, 2026 were temporarily invested in fixed deposits with scheduled commercial banks and in monitoring agency accounts. <br /> <br /> 7. On April 24, 2026, the Reserve Bank of India (RBI), through a press release, cancelled the banking license of Paytm Payments Bank Limited (“PPBL”). Consequently, on 25 April 2026, the shareholders of PPBL approved necessary resolutions to enable the winding-up of PPBL either, as instructed by the RBI, or voluntarily with the permission of RBI. The Company has no exposure to PPBL and does not maintain any material business arrangements or service partnerships with PPBL. Additionally, PPBL operates independently with no board or management involvement from the Company. There is no direct financial or operational impact on the Company arising from this development. Previously RBI had issued directions to PPBL on January 31, 2024 effectively restricting PPBL’s normal business and Company had fully impaired its investment in PPBL as of March 31, 2024. <br /> <br /> 8. 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, with effect from 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. Consequent to the aforesaid transfer, results for the quarter ended June 30, 2026 are not comparable with the quarter ended June 30, 2025, the transfer does not have any financial impact on the quarter ended June 30, 2026. <br /> <br /> 9. First Games Technology Private Limited (“FGTPL”), Joint Venture of the Company, had discontinued its online real money gaming business with effect from August 25, 2025, following regulatory changes, and accordingly, the Company had earlier fully impaired its equity and loan investment amounting to INR 205 crores and INR 179 crores respectively in FGTPL. During the quarter ended June 30, 2026, the said loan along with unpaid interest amounting to INR 197 crores is converted into 19,67,70,855 equity shares of INR 10 each, at par, of FGTPL. This conversion has no financial impact on the Company. <br /> <br /> 10. Effective September 30, 2025, the Company has opted to present amounts in INR crores. Accordingly, corresponding comparative period amounts have also been changed and presented in INR crores from being presented in INR millions earlier. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> Payment processing charges330000000Marketing and promotional expenses1400000000Software, cloud and data centre expenses680000000Other expenses4840000000The Company is engaged in different business units, including payment and financial services and marketing services and 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 plans0Changes in fair value of equity instruments at FVTOCI00000UnauditedtrueS.R.Batliboi & Associates LLPtrue2027-07-3100000Public Issues2021-11-181830000000002026-06-30trueAxis Bank LimitedfalseNANANASunil Kumar BansalCompany Secretary and Compliance OfficerNoida2026-07-20