India’s fintech sector witnessed a strong earnings season as Paytm and PB Fintech, the parent company of Policybazaar, reported robust growth in profitability, revenue, and financial services businesses during the March quarter of FY26.

Key Highlights

• Paytm posted Rs 183 crore quarterly profit driven by strong payments, lending, and merchant business growth.
• PB Fintech reported 54% profit growth amid rising insurance premiums and robust lending business momentum. 

Digital payments major Paytm reported a consolidated net profit of Rs 183 crore in Q4FY26, marking a sharp turnaround from a loss of Rs 545 crore in the same quarter last year. Revenue from operations rose 18.4% year-on-year to Rs 2,264 crore, driven by strong growth in payments, merchant services, and financial products distribution.

For the full financial year FY26, Paytm posted its first-ever annual consolidated profit of Rs 552 crore, compared to a loss of Rs 663 crore in FY25, reflecting improving operational efficiency and stronger monetisation across its fintech ecosystem.

Speaking during the earnings call, Madhur Deora said, “We are seeing strong tailwinds in payments. The company is also witnessing healthy growth in financial services, personal loans, and wealth management businesses."

Paytm’s consumer business also recorded its most profitable quarter in the last eight quarters, supported by improved unit economics and operating leverage. The company said payments contribute nearly 55% of revenue, while financial services account for around 30%.

Founder and CEO Vijay Shekhar Sharma highlighted the company’s increasing focus on artificial intelligence and technology-led innovation. “In the AI world, everything resets. Paytm plans to leverage AI investments to improve customer and merchant experiences across its ecosystem."

The fintech company also reiterated that it has no immediate plans to apply for an NBFC licence, preferring partnership-led lending models with established financial institutions.

Also Read: InCred Equities Flags Mixed Q4FY26 Earnings, Inflation Risks Loom

PB Fintech Reports 54% Profit Growth

Meanwhile, PB Fintech, the parent company of Policybazaar, reported a 54% year-on-year increase in consolidated net profit to Rs 261 crore in Q4FY26, supported by strong insurance premium growth and steady momentum in its lending business. Revenue from operations rose 37% to Rs 2,061 crore during the quarter.

The company said total insurance premiums for FY26 grew 42% year-on-year to Rs 29,934 crore, while new protection premiums surged 57%, highlighting rising demand for digital insurance products in India.

PB Fintech’s lending business also maintained strong traction, with total loan disbursals for FY26 increasing 50% year-on-year to Rs ​30,740 crore. The company’s UAE business additionally reported its first full-year profit during FY26.