Paytm shares fall 3% despite strong Q1 earnings
pre-market1 source ↓written by the desknot a recommendation
- in Q1 net
- 79% increase
- net profit
- ₹220 cr
- Revenue rose
- 27.6%
- ₹2,448 cr
Shares of One97 Communications fell nearly 3% after the company reported a 79% increase in Q1 net profit to ₹220 cr. Revenue rose 27.6% to ₹2,448 cr, but the stock declined as the board shelved its proposed bonus issue. Investors weighed the strong earnings against this decision.
Not investment advice. For informational purposes only.