{
  "id": 6905875,
  "title": "NPCI’s FY26 Profit Drops 32% YoY To ₹989 Cr As Tax Outgo, BHIM Loss Surge",
  "url": "https://urgent.news/2026/09/12/npcis-fy26-profit-drops-32-yoy-to-989-cr-as-tax-outgo-bhim-loss-surge",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-12T09:28:14.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/npcis-fy26-profit-drops-32-yoy-to-%e2%82%b9989-cr-as-tax-outgo-bhim-loss-surge/"
  },
  "original_language": "en",
  "account": "The National Payments Corporation of India (NPCI) reported a significant drop in its FY26 profit, declining by 32.4% year-over-year (YoY) to ₹989.4 crore in the financial year ended March 2026, down from ₹1,463.2 crore in FY25. This decline was primarily attributed to a sharp increase in tax expenses, which offset growth in its pre-tax profit. NPCI's revenue from operations increased by 21.8% to ₹4,240 crore in FY26, compared to ₹3,480.8 crore in the previous fiscal year. Within this, payment services, which account for 88.1% of the revenue, grew by 16.3% to ₹3,735.8 crore. The surge in tax expenses, up 173.4% to ₹898.5 crore, was the main driver behind the reduced net profit. Despite this, NPCI's profit before tax rose by 5.4% to ₹1,888 crore. The company's total expenses grew by 31.5% to ₹2,984.6 crore, with marketing expenses accounting for nearly half of these costs, increasing by 27.3% to ₹1,420.3 crore. This included marketing and branding costs, product incentives, cashback expenses, and payments to banks for issuing RuPay cards.",
  "summary": "The National Payments Corporation of India’s (NPCI’s) consolidated net profit fell 32.4% to ₹989.4 Cr in the financial year ended…",
  "key_points": [
    "NPCI's FY26 profit declined 32.4% to ₹989.4 crore compared to ₹1,463.2 crore in FY25.",
    "Tax expenses surged 173.4% to ₹898.5 crore, primarily driving the profit drop.",
    "Payment services revenue grew 16.3% to ₹3,735.8 crore in FY26."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}