Airtel Payments Bank reports revenue growth of Rs. 700 crore in Q3 FY25, up 49% YoY
New Delhi: Airtel Payments Bank today announced its consolidated results for the third quarter ended on 31 December 2024, marking record growth with quarterly revenue crossing Rs. 700 crore, up by 49% YoY. The Bank’s net profits stood at Rs. 18.5 crore, up by 70% YoY and the EBITDA grew by 66% YoY to INR 87 crore in Q3 FY25.
During the quarter, the Bank’s Monthly Transacting Users (MTU) exceeded well above 100 million, up by 62% YoY. The annualised gross merchandise value (GMV) close to INR 4,000 billion reflecting the growing adoption of the Bank’s digital savings accounts, merchant propositions and other products. Customer balances also saw a robust increase, crossing INR 3,332 crore, up by 42% YoY.
This growth is fueled 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 Bank is also a leader in the B2B urban transit segment, having issued over 1.7 million RuPay NCMC-enabled cards to date. The adoption of its merchant offerings, including its innovative Soundbox, continues to rise among businesses. The Bank continues to register solid uptake for its solutions in the deep rural pockets of the country.
