Paytm reported its first-ever net income, helped by a gain from the sale of its events business as the Indian fintech pioneer fights to rebound from regulatory setbacks.

Paytm achieved its first net income of 9.3 billion rupees, aided by a 13.5 billion rupee gain from selling its events business.

Paytm reported the Rs 2,048 crore-transaction with food aggregator Zomato as an “exceptional gain” of Rs 1,345.4 crore, resulting in the company turning profitable after losses in previous quarters. Year-on-year (Y-o-Y),