Paytm, Rs and Zomato
India's Paytm Posts First-Ever Quarterly Profit on Gain From Ticketing Business Sale
(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 declares Q2 results, earns Rs 930 crore as windfall gains by way of sale of ticketing business to Zomato
Paytm Q2 results One97 Communications windfall gains EBITDA profitability financial services Default Loss Guarantee gross merchandise value
Paytm posts Rs 928 cr profit in Q2 after selling ticketing unit 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 reports ₹930cr profit in Q2 after selling ticketing business
Paytm 's parent company One 97 Communications Ltd has posted a whopping profit of ₹930 crore for the second quarter ending September 2024. This is a major turnaround from the ₹290 crore loss posted during the same period last year. The profit jump is largely due to the sale of its ticketing business to Zomato.
Paytm Posts First Net Income After Selling Assets to Zomato
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.
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Paytm swings to ₹930 crore profit in Q2 on boost from one-time gain
One97 Communications Ltd, owner of Paytm, reports ₹930 crore net profit in Q2 2024, driven by exceptional gain.
Zomato helps Paytm make lemonade out of lemons, at least for a while
Paytm posted a profit of Rs 930 crore in Q2 FY 2025, driven by a one-time gain from selling its entertainment ticketing ...