Paytm's Financial Milestone: A Leap into Profitability
One97 Communications, parent company of Paytm, saw its shares dip 3% due to profit-taking, despite reporting its first consolidated net profit of Rs 122.5 crore for Q1 2025. This profit marks a turnaround from the previous year's loss, driven by cost optimization and increased payment revenue.
- Country:
- India
Shares of One97 Communications, the fintech company owning Paytm, saw a near 3% dip on Wednesday morning, attributed mainly to profit-taking activities.
The company's stock fell to Rs 1,025 on BSE, while on NSE, it declined to Rs 1,025.10. Despite this decline, One97 Communications reported its first-ever consolidated net profit of Rs 122.5 crore for the quarter ending June 2025, a significant shift from the Rs 840 crore net loss recorded in the same period last year.
This profit was largely driven by strategic cost optimizations and increased payment revenue. Vijay Shekhar Sharma, Paytm Founder and CEO, announced the company's commitment to more transparent financial reporting, moving away from previous complex adjustment practices.
(With inputs from agencies.)
Google News