Paytm reports 971% QoQ profit surge to ₹225 crore
pre-market1 source ↓written by the desknot a recommendation
- from ₹21 crore
- 971% increase
- to ₹2
- 20% YoY
Paytm reported a consolidated net profit of ₹225 crore for Q3, a 971% increase from ₹21 crore in the previous quarter and a turnaround from a loss of ₹208 crore a year ago. Revenue from operations rose 20% YoY to ₹2,194 crore, driven by higher payments GMV and merchant subscriptions.
This strong performance may enhance investor sentiment and boost trading activity in the fintech sector. The contribution margin improved to 57%, reflecting better payment processing margins and financial services distribution.
Not investment advice. For informational purposes only.