A split image showing a vendor using a payment terminal and a robotic arm assembling circuit boards.
Paytm has reported another profitable quarter, concluding FY26 with a net profit of ₹183 Cr in Q4, a significant turnaround from a ₹545 Cr loss in the previous year. The fintech company’s operating revenue grew 18.4% year-over-year to ₹2,264 Cr, driven by its core payments vertical and expanding financial services, which saw payment processing margins increase due to higher-value credit and EMI products.
This profitability is attributed to controlled expenses, AI-led automation enhancing efficiency, and strong performance in merchant GMV and monthly transacting users. Paytm anticipates further revenue acceleration and EBITDA margin expansion in the ongoing fiscal year.
In contrast, software-as-a-service (SaaS) company Freshworks is implementing workforce reductions, laying off 500 employees, or 11% of its total staff. This decision comes as the company increasingly integrates AI into its operations, with over half of its code now AI-generated and repetitive tasks automated. The layoffs are expected to cost the company $8 million.
The announcement coincided with Freshworks’ Q1 2026 results, which showed a net loss of $4.8 million on revenues of $228.6 million, a 16% year-over-year increase. Operating expenses rose 14.2% to $202 million.
Other notable financial news includes PB Fintech’s Q4 FY26 net profit surge of 54% to ₹261.2 Cr on operating revenue of ₹2,061 Cr, driven by its online insurance segment. Meanwhile, e-commerce platform Meesho narrowed its Q4 FY26 net loss to ₹166.3 Cr, with operating revenue climbing 47% to ₹3,531.2 Cr.
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