Paytm Share Price in Focus as Company Rules Out NBFC Licence Plans

Paytm parent One97 Communications has no plans to apply for an NBFC licence and will continue its partnership-led lending model, the company said during its Q4 FY26 earnings call, while also reporting improved profitability and revenue growth. 

Paytm Rejects NBFC Licence Route 

As per news reports, Madhur Deora, President and Group CFO of Paytm, said, “We're not super excited about going for an NBFC licence”. He explained that Paytm prefers a collaborative model where the company focuses on customer distribution, technology infrastructure and collections, while lending partners manage capital deployment, credit risks and cyclicality. 

He also said, “We have a very large payments market; that market is growing, and our market share is growing, and that combined with low penetration means that the opportunity in the short to medium term already is very, very large.” 

The company continues to position payments and merchant services as its core growth drivers while scaling financial services through partnerships with established lenders. 

Paytm Returns to Profitability 

One97 Communications reported a consolidated profit of ₹183 crore for the quarter ended March 2026, compared with a loss of ₹545 crore in the same quarter last year. 

Revenue from operations during Q4 FY26 increased 18.4% to ₹2,264 crore from ₹1,912 crore in the March 2025 quarter. 

For the full financial year FY26, Paytm posted a consolidated profit of ₹552 crore against a loss of ₹663 crore in FY25. Annual revenue from operations rose 22.2% to ₹8,437 crore from ₹6,900 crore a year earlier. 

Read More: One 97 Communications Share Price in Focus After Q4 FY26 Earnings Results: Total Income up 21.8% YoY! 

One97 Communications Share Price Performance  

As of 07 May 2026, at 3:30 PM, One97 Communications Ltd share price closed at ₹1,196.40 per share, reflecting a surge of 7.73% from the previous closing price.  

Conclusion 

Paytm’s latest commentary reflects a continued focus on an asset-light fintech model centred around partnerships, while the company simultaneously delivered stronger revenue growth and returned to profitability during FY26. 

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