(Reuters) - India's Paytm reported its first-ever quarterly profit since listing, helped by a one-time gain from the sale of its entertainment ticketing business to Zomato.

Paytm Q2 results One97 Communications windfall gains EBITDA profitability financial services Default Loss Guarantee gross merchandise value

Paytm has reported its Q2 numbers for FY 25, with profits of ₹930 crore resulting from the sale of its event business to Zomato.

One97 Communications, which operates fintech firm Paytm, on Tuesday announced a consolidated profit of Rs 928.3 crore in the second quarter of Financial Year 2024-25 (Q2 FY25) compared to a loss of Rs 290.5 crore a year ago on the back of selling its movie ticketing and events business.

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.