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Paytm Powers Past Losses, IndiQube Goes IPO: A Double Disruption Week

Updated: July 23, 2025 08:34

Image Source: WowNews24x7

1. Paytm Turns the Corner

India’s fintech giant Paytm has posted its first-ever quarterly profit, marking a dramatic turnaround from a Rs 840 crore loss last year.

Key takeaways:

- Net profit for Q1 FY26 stood at Rs 123 crore

- Operating revenue surged 28% YoY to Rs 1,918 crore

- Contribution profit rose 52% YoY to Rs 1,151 crore, with a margin of 60%

- EBITDA came in at Rs 72 crore, signaling sustainable profitability

- Growth was driven by AI-led efficiencies,
improved payment margins, and a doubling of financial services revenue to Rs 561 crore

- Merchant subscriptions hit 1.3 crore, with long-term potential pegged at 10 crore

2. IndiQube IPO: Flexible Workspaces Go Public

Managed workspace provider IndiQube Spaces is set to launch its Rs 700 crore IPO on July 23, with listing expected by July 30.

Key highlights:

- Price band: Rs 225–237 per share; minimum lot size: 63 shares

- Fresh issue: Rs 650 crore; OFS: Rs 50 crore

- Funds to be used for new center expansion, debt repayment, and general corporate purposes

- Company operates 115 centers across 15 cities with 1.86 lakh seats

- FY25 revenue: Rs 1,103 crore; EBITDA: Rs 660 crore; net loss narrowed to Rs 139 crore

- Asset-light model and tech-driven services position it well in the evolving hybrid work landscape

Sources: News18, Business Standard, Financial Express, India Today, The Hindu, Livemint, Rediff, IPOWatch, Chanakya Ni Pothi

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