Results · Financial Services

Paytm shares hit record high on profit surge and MDR optimism

By Startup Enthusiast · 10 August 2026

What they do

Paytm offers UPI payments, mobile recharge, bill payments, FASTag, insurance, and investment services

Shares hit a 52-week high of ₹1,594.80 after Q1 net profit jumped 79% YoY to ₹220 Cr and Bernstein upgraded the stock

Bernstein sees 53% upside, factoring in potential UPI MDR monetisation that could add ₹2,200 Cr to EBITDA

Paytm shares hit a fresh 52-week high of ₹1,594.80 on BSE.
Shares ended 9.9% higher at ₹1,584.95 on BSE.
Market capitalisation reached ₹1.02 Lakh Cr ($10.6 Bn).
Bernstein upgraded Paytm to 'Outperform' and raised the price target to ₹2,200 from ₹1,500.
Bernstein sees 53% upside from the previous close of ₹1,441.
Bernstein factored potential UPI MDR monetisation into base-case estimates from FY28.
The Lok Sabha passed amendments to the Payment and Settlement Systems Act, 2007 enabling MDR on specified UPI transactions.
The finance ministry clarified consumers will not be charged for UPI payments; MDR if introduced applies only to limited merchant transactions above a threshold at a nominal rate.

Bernstein expects UPI MDR to improve Paytm's net payment margins by 3-4 bps.
Bernstein estimates MDR could boost FY30 EPS by 30% versus earlier estimates.
Bernstein expects MDR to add ~₹2,200 Cr to Paytm EBITDA by FY30.
Bernstein noted competition among payment platforms could limit the MDR Paytm retains.
Elevation Capital offloaded Paytm shares worth ₹2,038 Cr via bulk/block deals at an average price of ₹1,367.8.

Paytm offers UPI payments, mobile recharge, bill payments, FASTag, DTH, insurance premium, metro recharge, toll gate recharge, and flight booking.
Paytm provides credit cards, an insurance marketplace, and margin trading facility (MTF) via Paytm Money.
Paytm offers merchant payment solutions: UPI, cards, EMI, Paytm QR, Soundbox, and Paytm Card Machine.
Paytm reported Q1 FY27 consolidated net profit of ₹220 Cr, up 79% YoY from ₹123 Cr.
Profit rose 20% sequentially from ₹183 Cr in Q4 FY26.
Operating revenue was ₹2,448 Cr, up 28% YoY.
Revenue excluding UPI and PIDF incentives grew 31% YoY.
Record EBITDA of ₹203 Cr, up 182% YoY; EBITDA margin improved to 8% from 4% a year ago.