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Yahoo
3 days ago
- Business
- Yahoo
India's Paytm posts first-quarter profit
(Reuters) -India's Paytm reported a quarterly profit on Tuesday aided by strong lending business and as it kept a tight lid on expenses. 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) Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Reuters
3 days ago
- Business
- Reuters
India's Paytm posts first-quarter profit
July 22 (Reuters) - India's Paytm ( opens new tab reported a quarterly profit on Tuesday aided by strong lending business and as it kept a tight lid on expenses. 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)
