General Updates

July 20, 2026 BSE Limited National Stock Exchange of India Limited Department of Corporate Services, The Listing Department, Exchange Phiroze Jeejeebhoy Towers, Plaza, Dalal Street, Fort, Bandra Kurla Complex, Mumbai - 400 001 Mumbai-400 051 Scrip Code: 543396 Symbol: PAYTM Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Earnings Release Dear Sir/ Ma’am, In continuation to our earlier letter dated July 15, 2026, and pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with applicable circulars issued in this regard from time to time, please find enclosed copy of Earnings Release for the quarter ended June 30, 2026. The Earnings Release will also be hosted on the Company's website viz. https://ir.paytm.com/financial-results. Kindly take the same on record. Thanking you Yours Sincerely, For One 97 Communications Limited Sunil Kumar Bansal Company Secretary & Compliance Officer FCS: 4810 Encl:. as Above One 97 Communications Limited Corporate Office - One Skymark, Tower-D, Plot No. H-10B, Sector-98, Noida-201304 compliance.officer@paytm.com T: +91120 4770770 F: +91120 4770771 CIN: L72200DL2000PLC108985 www.paytm.com Registered Office - 136, First Floor, Devika Tower, Nehru Place, New Delhi-110019 Earnings Release |Q1 FY 2027 Strong Growth. Sustained Momentum. Accelerating Monetisation. Powered by AI. Q1 FY 2027 · EARNINGS RELEASE FOR THE QUARTER ENDING JUNE 2026 20 July 2026 Earnings Release |Q1 FY 2027 Q1 FY 2027 Growth Acceleration And Margin Expansion Drive Record Profitability Highest ever quarterly EBITDA of ₹203 Cr (up 182% YoY) Q1 FY 2027 marked a broad based accelerated growth in Payments and Financial Services for Merchant and Consumer Businesses REVENUE EBITDA ₹2,448 Cr ₹203 Cr ▲28% YoY | ▲8% QoQ ▲182% YoY | ▲54% QoQ Performance on YoY comparable basis was even better than reported, as until Dec’25, we also received PIDF incentive. Details on Page11 With large addressable TAM and AI-led operating leverage; accelerating revenue growth and EBITDA margin expansion position us for long-term sustainable profit growth Four growth engines: 1. Expansion of merchant payments business Accelerating market share gains is leading to increase in GMV growth, driven by continued strength in the offline business and tailwinds in the online business 2. Growth in high-margin merchant loan distribution business Merchant loan distribution continues to compound, led by a growing base, while AI-led capabilities drove gains in merchant engagement, retention, risk insights for partners, and strong collection efficiency 3. Consumer payments business growing more than 2x of industry growth Product innovation and AI optimised consumer acquisition has resulted in consumer payment market share gains for five consecutive quarters 4. Tailwinds in consumer monetisation Led by distribution of Postpaid, personal loans and wealth products, consumer monetization becoming powerful revenue engine AI applications across our businesses are accelerating in-built operating leverage: Revenue growth is significantly faster than indirect expense growth, supporting further EBITDA margin expansion Q1 FY 2027 = quarter ended 30 June 2026 | PIDF: Payments Infrastructure Development Fund Earnings Release |Q1 FY 2027 MERCHANT PAYMENTS Merchant Scale Enables Compounding Growth Accelerating GMV growth, structural payment margin expansion, and steady growth in device subscriptions, is making Paytm a core partner in merchants’ growth journey PAYMENT PROCESSING REVENUE SUBSCRIPTION REVENUE NET PAYMENT REVENUE Merchant GMV Merchant Subscriptions ₹601 Cr ▲31% YoY ▲27 Lakh YoY ₹7.1 L Cr 1.57 Cr ▲25% YoY | ▲13% YoY Comparable* | Reported >4bps Payment Processing Merchants on Subscription plan *excluding PIDF incentive Margin 1. Acceleration in merchant GMV growth GMV growth increased to 31% YoY in Q1 FY 2027 (from 27% YoY in Q4 FY 2026 and 24% YoY in Q3 FY 2026), led by investments in product, distribution and service of device merchants. We have started to see momentum in online merchant business, post receipt of online PA license last year 2. Payment Processing Margin structurally improved to comfortably above 4bps This improvement is owing to a combination of factors such as higher growth in profitable MDR-bearing instruments such as credit cards on UPI and credit line on UPI (Postpaid), market share gains, and pricing discipline. We expect this to continue in the mid to long term 3. Soundbox is an indispensable operating system, deployed at 1.57 Cr storefronts in India We added 27 lakh net devices YoY. High merchant retention, improving payment processing revenue and loan distribution revenue, resulting in higher overall merchant monetisation and better payback periods ₹1 Cr = ₹10 million; L Cr = Lakh Crore = ₹1 trillion equivalent scale unit used for GMV/GTV MDR: Merchant Discount Rate, GMV: Gross Merchandise Value, GTV: Gross Transaction Value, PA: Payment Aggregator Earnings Release |Q1 FY 2027 CONSUMER PAYMENTS AND MONETISATION ENGINES India’s Fastest-Growing Profitable Consumer Payments Business More consumers, more engagement and more monetisation from each consumer CUSTOMER UPI GTV MONTHLY TRANSACTING vs INDUSTRY UPI GROWTH USERS ₹5.9 L Cr 8.0 Cr 2.2x ▲45% YoY ▲60 Lakh YoY 45% Paytm growth vs 20% industry growth Based on internal estimates; NPCI Improved monetisation across payments and consumer monetisation levers Consumer Payments Base is growing MTU expanded by 60 lakh YoY to 8 Cr. We are simultaneously growing the user base and deepening engagement per user. Consumer payments saw an acceleration in both GMV and revenue growth, led by market share gains. We continue to make AI-led improvements (alongside fraud and risk models) that are improving acquisition costs and retention outcomes, and hence long-term monetisation. Consumer Monetisation Engines Paytm Postpaid (credit line on UPI) is expected to compound over the coming quarters, leading to meaningful revenue and EBITDA contribution from FY 2028 onwards. AI-led personalisation is driving higher engagement and revenue per active customer across equity broking, MTF and wealth products. We are seeing tailwinds in postpaid, personal loans and wealth products. MTU: Monthly Transacting Users, MTF: Margin Trade Funding Earnings Release |Q1 FY 2027 DISTRIBUTION OF FINANCIAL SERVICES Turning Payment Acquisition into High- Quality Financial Services Revenue High growth, high-margin business with low penetration and repeat behaviour REVENUE KEY FINANCIAL SERVICES REPEAT BORROWER MIX CUSTOMERS ₹814 Cr 7.6 Lakh > 50% ▲45% YoY ▲2 Lakh YoY of merchant loan (▲34% YoY) disbursements Growth acceleration on back of continued strong growth in Merchant loan distribution alongside momentum in Consumer businesses (Consumer Loans, Equity Broking and Wealth Products) Merchant Loans Merchant loan distribution business is anchored on our deeply engaged, and growing merchant base. This is accompanied by improvement in penetration, scale up of lending partners, and bolstered by AI-led lifecycle management of device merchants, including AI driven risk insights for partners and collections. We continue to see lower cyclicality and sustainable growth, with more than half of disbursements to repeat borrowers. The credit quality for partners has remained robust even during recent geopolitical uncertainty. Consumer Loans Paytm Postpaid (credit line on UPI) continues to scale well on both monthly sign-ups and disbursements, with healthy collection performance reported by our lending partner. Beyond monetisation, Postpaid deepens payment engagement and serves as a funnel for additional consumer credit products. In Personal Loans, we are seeing tailwinds as lending partners are scaling up disbursements, in line with industry trends. With continued addition of lending partners on our platform, we are well-positioned to continue on this growth tr [Showing first 8,000 characters — download PDF for full document]