Indian fintech firm Paytm posts 1st quarterly profit since September 2024

CNA

22-07-2025

Indian fintech company Paytm reported a quarterly profit on Tuesday, aided by strong lending business and as it kept a tight lid on expenses.
The firm posted a profit of 1.23 billion rupees ($14.24 million) for the three months ending June 30, its first quarterly profit since the September 2024-quarter, which had come on the back of a one-time gain from the sale of its ticketing business.
The company has increased its focus on core businesses and lowered expenses to move towards profitability.
The firm had posted a loss of 8.39 billion rupees in April-June a year earlier, on weakness in its payments business after the central bank's directive to shut down its banking unit in January 2024.
For the latest quarter, its revenue from operations rose 28 per cent to 19.18 billion rupees.
Revenue from financial services, which includes the loan business, doubled year-on-year and payment services business climbed 18 per cent.
Expenses fell 19 per cent year-on-year to 20.16 billion rupees.
Paytm's earnings before interest, taxes, depreciation, and amortization before the cost of employee stock options, a key metric for the company, were a positive 1.02 billion rupees for the quarter.
($1 = 86.3470 Indian rupees)