The shares of One 97 Communications Ltd (parent company of Paytm) slumped over 4 per cent on Tuesday after the fintech platform posted a net profit of Rs 930 crore in the July-September quarter (Q2) of FY25 (due to one-time gain), against a loss of Rs 292 crore in the year-ago
period.
Paytm achieved profitability owing to a one-time exceptional gain of Rs 1,345 crore after selling its entertainment ticketing business to Zomato.
Without the one-time exceptional gain, the company clocked Rs 495 crore loss in Q2 — a 70 per cent increase compared to the previous year.