based fintech posted revenue from operations of Rs 737 crore for the quarter ended June 30, up 20% from Rs 616 crore a year earlier. Net profit did the more dramatic climbing, jumping roughly fourfold to Rs 20 crore from just Rs 4.79 crore in the same quarter last year. The growth came from two engines working together: its Digital Infrastructure and Transaction Platform business grew 15% to Rs 499 crore, while its Issuing and Acquiring Platform, boosted by newer categories like gaming gift cards for Xbox and Roblox, surged 31% to Rs 238 crore.
The underlying numbers explain why merchants keep signing on. Digital checkout points climbed 18% to 21.7 lakh, with more than 70% of transactions now flowing through UPI, a clear signal that even enterprise-scale merchants are leaning into India's default payment rail. The platform processed roughly Rs 4.22 lakh crore in gross transaction value during the quarter, while adjusted EBITDA rose to Rs 126 crore at a 17.1% margin.
International business is quietly becoming a real growth lever too, not just a footnote. Revenue from outside India grew 21% to Rs 114 crore across 22 countries, helped along by the launch of its GCash payment app in the Philippines, new programmes in the UAE and Singapore, and expanded airline prepaid partnerships with British Airways and Romania's TAROM.
There is a small asterisk worth mentioning: profit fell 67% sequentially from Rs 59 crore in the previous quarter, partly due to a steep 48% effective tax rate that management expects to ease toward 28-30% for the full year. Still, with FY26 marking the company's first-ever profitable year since its 1998 founding, this quarter reads less like a stumble and more like a company settling into a steadier r
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