PayU India Turns Adjusted EBITDA Profitable In FY26 As Revenue Climbs 12.5% To $781 Mn

PayU India posted $18 Mn adjusted EBITDA in FY26, swinging to profit as revenue rose 12.5% YoY to $781 Mn. Payments revenue hit $577 Mn while credit revenue grew 19% to $204 Mn and turned profitable after exiting negative-margin portfolios.

— Source publishedMon, 29 Jun, 2026, 15:38 IST·First seen Mon, 29 Jun, 2026, 16:10 IST·Source Inc42

What happened

PayU India turned adjusted EBITDA profitable in FY26 with $18 Mn, as revenue rose 12.5% to $781 Mn. Both payments and credit verticals grew, with the credit

Key facts

  • revenue $781 Mn (₹7,384 Cr)
  • up 12.5% YoY
  • adjusted EBITDA $18 Mn FY26
  • H2 FY26 EBITDA $19 Mn
  • EBITDA margin 5% H2
  • payments revenue $577 Mn
  • credit revenue $204 Mn up 19%
  • credit EBITDA $6 Mn

Why this matters

With payments scaling to $577 Mn and credit now profitable, PayU India is positioning as a self-sustaining asset—reducing parent dependency and sharpening optionality for a standalone listing or strategic carve-out.

What to watch

  • Formal DRHP filing or IPO timeline confirmation for PayU India
  • RBI regulatory stance on digital lending and payment aggregator norms
  • Quarterly credit revenue growth rate vs the 19% baseline
  • Payments take-rate trends amid UPI and competitor pricing
  • Prosus capital allocation commentary in next earnings
  • Prosus reiterates India IPO timeline in investor communications citing profitability milestone
  • PayU expands credit lending book and onboards new lending partners post-portfolio cleanup
  • Investment in merchant acquiring and value-added services to defend payments revenue
  • Cost discipline messaging to reassure on durability of the EBITDA swing

Also reported by