Despite reporting a hefty sequential jump in its Q3 profit to INR 225 Cr, shares of Paytm plunged close to 5% during intraday trading today to touch a low of INR 1,112.55 on the BSE. A key concern of investors was uncertainty over continuation of incentives under the Payments Infrastructure Development Fund (PIDF). The company’s shares have been under pressure since last week, when a report by CNBC TV18 raised concerns over the financial impact that could arise from the discontinuation of the PIDF. The scheme, which was implemented by the RBI to incentivise deployment of digital payments infrastructure, has not been extended beyond December 2025 as of now. Last week, Paytm said that the amount of incentive for H1 FY26 under the PIDF stood at INR 128 Cr, triggering investor concerns over the company’s top line performance moving forward. Brokerages have estimated that this number surged to INR 220 Cr for 9M FY26. The company’s shares have plummeted more than 10% since that disclosure. Amid all these, the company reported a more than 10X sequential jump in its profit to INR 225 Cr in Q3 FY26 yesterday. Its operating revenue zoomed 20% YoY and 7% QoQ to INR 2,194… Read MoreInc42 Media
