Paytm Bounces Back with First-Ever Profit Amid Business Restructuring

Paytm, operating under One 97 Communications Ltd, posted its first net income of ₹9.3 billion in Q2, driven by the sale of its events business. Despite facing stiff competition and regulatory challenges, the fintech firm is refocusing on core operations like payments and loans. Shares initially fell 5.8% but later recovered. Analysts had predicted a ₹6.3 billion loss.

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