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StartupUpdated 59 min ago

Paytm Q2 Profit Skyrockets Over 10X YoY To ₹225 Cr, Revenue Up 28%

Image: Inc42

Fintech major Paytm’s profit for the September quarter surged to ₹225 Cr, 10.7X from ₹21 Cr in the year-ago quarter.

The company’s profit for the period were also ₹5 Cr higher than the ₹220 Cr net profit raked in the June quarter. 

Operating revenue for the quarter surged 28% YoY and 8% QoQ to ₹2,648 Cr. Including other income of ₹182 Cr, Paytm’s total income for the quarter stood at ₹2,830 Cr. 

Meanwhile, total expenses for the quarter also increased 23% YoY to ₹2,531 Cr.

(The story will be updated shortly)

The post Paytm Q2 Profit Skyrockets Over 10X YoY To ₹225 Cr, Revenue Up 28% appeared first on Inc42 Media.

This content is published by Inc42 and has not been created or edited by Hello Headlines. View original

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