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via economictimes.indiatimes.comBusiness & Companies

Paytm Q2: net profit rises 976% YoY to Rs 226 crore, revenue up 28%

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

Paytm Q2 Results: Fintech major Paytm on Monday reported 976% year-on-year (YoY) growth in its consolidated net profit at Rs 226 crore. The same stood at Rs 21 crore in the year-ago quarter. Revenue from operations in the reporting period rose 28% YoY to Rs 2,648 crore.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishQuarterly results show strong profit growth, relevant for the Indian fintech stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Paytm's consolidated net profit rose 976% year on year.
  2. 02Profit was 21 crore in the year-ago quarter.
  3. 03Revenue from operations rose 28% to 2,648 crore.

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