Paytm reports quarterly profit of 225 crore rupees
Indian fintech firm Paytm recorded a net profit of 225 crore rupees for the September quarter, marking a significant increase from the previous year.
Indian financial technology company Paytm announced its financial results for the September quarter, reporting a net profit of 225 crore rupees. This represents a substantial rise from the 21 crore rupees reported during the same quarter last year.
The company generated an operating revenue of 2,648 crore rupees, reflecting a 28 percent year-on-year increase. When including 182 crore rupees in other income, total revenue reached 2,830 crore rupees.
Operating expenses for the quarter rose by 23 percent to 2,531 crore rupees. Despite the rise in expenditure, the profit figure represents a slight sequential increase compared to the 220 crore rupees recorded in the June quarter.