Airtel Payments Bank Q3 results: Profit rises 70% to ₹18.5 crore

Airtel Payments Bank Q3 results: Airtel Payment Bank on Wednesday, February 12, reported 70% increase in net profit at ₹18.5 crore for December quarter 2024-25 (Q3 FY25).

It had cinched a record growth with quarterly revenue crossing ₹700 crore, up by 49% year-on-year, a release said.

"The Bank’s net profit stood at ₹18.5 crore, up by 70% YoY and EBITDA grew 66% YoY to ₹87 crore in Q3 FY25," it said.

During the quarter, the payments bank’s Monthly Transacting Users (MTU) exceeded 100 million, up by 62% over the same period previous year.

The annualised gross merchandise value (GMV) of about ₹4,00,000 crore reflected the growing adoption of the payments bank’s digital savings accounts, merchant propositions and other products, it said.

Customer balances also saw a strong increase, crossing ₹3,332 crore, up 42% YoY.

"This growth is fuelled by the strong adoption of Airtel Payments Bank’s digital offerings, with more customers opting for its safe digital account for their daily transactions," the release said.

MD and CEO Anubrata Biswas said as a fully integrated, technology-driven banking platform, Airtel Payments Bank continues to meet the diverse financial needs of both urban and rural customers.

"Notably, we are now India’s third-largest mobile bank and the preferred choice for a secure second account," he said.