India's Paytm posts first-quarter profit
The company posted a profit of 1.23 billion rupees ($14.24 million) for the first quarter ended June 30, compared to a loss of 8.39 billion rupee in the year-ago quarter.
The fintech firm's earnings in the same period last year was hurt by weakness in its payments business after the central bank's directive to shut down its banking unit in January, 2024.
($1 = 86.3470 Indian rupees)
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