Prosus-owned PayU India’s revenue increased 20% to $397 million in the first six months of the financial year 2025–26 (H1 FY26), up from $332 million in the year-ago period, driven by robust growth in its payments and lending businesses.
On the back of strong top-line growth, the fintech company sat near breakeven in H1 FY26, with its adjusted Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) loss narrowing to $1 million, a sharp 95% decline from the $19 million loss posted in the same period last year.
“For years, our analysts have been complaining that PayU has to perform better. PayU is profitable finally,” said Fabricio Bloisi, CEO of Prosus, during the company’s earnings call.
Payments Biz Turns Profitable
In an investor presentation, PayU India said its payments business achieved profitability at the adjusted EBITDA level in H1 FY26. This segment reported an adjusted EBITDA profit of $2 million in the first half of the ongoing fiscal, compared to an adjusted EBITDA loss of $3 million in H1 FY25.
Meanwhile, adjusted EBIT (Earnings Before Interest and Taxes – Unlike EBITDA, this metric includes Depreciation and Amortisation expenses) losses declined to $9 million in H1 FY26, down 36% from the $14 million loss posted in the year-ago period.
Revenue from payment services jumped 20% to $301 million during the period under review, up from $250 million in H1 FY25.
The numbers for the India payments business also include the results of Singapore-based Red Dot Point, in which PayU acquired a majority stake in 2019.
Credit Arm LazyPay Continues Strong Show
PayU India also operates a credit business under the brand name LazyPay. The platform offers instant personal loans of up to Rs 1 lakh, buy-now-pay-later services, and no-cost EMIs.
LazyPay improved its income by 17% to $96 million during the half-year ended September 30, 2025, compared to $82 million in H1 FY25. The adjusted EBITDA loss in this business also fell sharply by 86% to $3 million, down from $16 million in the corresponding period a year ago.
Further, the adjusted EBIT loss declined over 68% to $6 million in H1 FY26, compared to a loss of $19 million a year ago.
As of September 30, 2025, the assets under management in the merchant lending business stood at $204 million.
“Our Indian ecosystem is evolving through better execution and acquisitions of high-potential businesses, with new investments in Rapido and ixigo. PayU is increasingly connected across this ecosystem, adding new partnerships with Swiggy, Meesho, and PharmEasy, and opportunities for synergies more widely,” the company said in a statement.
IPO Plans & Growing Competition In Payment Aggregator Space
Earlier in November, PayU India said it had received approval from the Reserve Bank of India (RBI) to operate as an offline, online, and cross-border payments company. The licence further solidified the company’s position as a…
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