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Paytm Q2 FY25 results: Fintech firm posts first-ever quarterly profit; here's why
The company's revenue from operations rose 10.52 per cent to Rs 1,659.5 crore, sequentially. But, it slipped by 34.11 per cent on a year-on-year (YoY) basis.
Paytm reports ₹930cr profit in Q2 after selling ticketing business
Paytm 's parent company One 97 Communications Ltd has posted a whopping profit of ₹930 crore for the second quarter ending September 2024. This is a major turnaround from the ₹290 crore loss posted during the same period last year. The profit jump is largely due to the sale of its ticketing business to Zomato.
Paytm swings to profit in Q2 FY24, driven by ticketing biz sale to Zomato
One 97 Communications, the parent company of Paytm, saw its revenue from operations rise 10.51% in Q2 FY24 to Rs 1,659.5 crore from Rs 1,501.6 crore in Q1 FY24.
Paytm posts Rs 928 cr profit in Q2 after selling ticketing unit to Zomato
One97 Communications, which operates fintech firm Paytm, on Tuesday announced a consolidated profit of Rs 928.3 crore in the second quarter of Financial Year 2024-25 (Q2 FY25) compared to a loss of Rs 290.5 crore a year ago on the back of selling its movie ticketing and events business.
Paytm Q2 Results: Net profit of ₹930 crore aided by one-time gain, revenue declines
Paytm reported a net profit of ₹930 crore during the quarter, compared to a net loss of ₹290.5 crore during the same period last year. The company's net profit was aided by a one-time gain of ₹1,345 crore,
Paytm declares Q2 results, earns Rs 930 crore as windfall gains by way of sale of ticketing business to Zomato
Paytm Q2 results One97 Communications windfall gains EBITDA profitability financial services Default Loss Guarantee gross merchandise value
India's Paytm Posts First-Ever Quarterly Profit on Gain From Ticketing Business Sale
India's Paytm reported its first-ever quarterly profit since listing, helped by a one-time gain from the sale of its entertainment ticketing business to Zomato. The company posted a consolidated net profit of 9.
LIVE
Business News LIVE Updates Today October 22, 2024: Paytm's Q2 profit at ₹930 crore on gains from ticketing business sale
Profit After Tax reached ₹930 crore, aided by a one-time gain. Gold And Silver rates Today: The price of 10 gm of 24 carat gold is Rs. 79823.0/10 grams in Delhi, whereas 1 kg of silver is Rs. 104200.0/Kg in Delhi.
2h
on MSN
Indian fintech Paytm's Q2 results show regulatory woes still haunt, shares drop
India's Paytm barely slowed its revenue decline in the second quarter, while its user base dwindled in its key digital ...
1h
on MSN
Paytm Q2 Results Preview: Net loss expected to widen to ₹660 crore, GMV to be flat YoY
Paytm is expected to clock revenue from operations of ₹1,617 crore in Q2FY25, a 35% fall year-on-year (YoY). However, revenue ...
thetechportal.com
7h
Paytm reports ₹930 crore Q2’25 profit from Insider sale to Zomato, other losses increase year-on-year
Paytm has reported its Q2 numbers for FY 25, with profits of ₹930 crore resulting from the sale of its event business to ...
devdiscourse
57m
Paytm Sails to Profit with Strategic Divestments
One97 Communications, Paytm's parent, achieved a net profit of Rs 928.3 crore in Q2 2024, reversing last year's loss. An ...
10h
on MSN
Paytm Q2 FY25 Results: Digital payments firm turns profitable with one-time exceptional gain
Paytm reported a net profit of Rs 928 crore including an exceptional gain of Rs 1,345 crore on account of the sale of tis ...
cnbctv18
5m
Startup Digest: Zomato's Q2 & board nod for ₹8,500 cr QIP, Paytm's Q2 profit zooms on one-time gain, & others
Get the latest Business News, Live Share & Stock Market Updates, Top News from India and across world. Read Top Business News ...
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