One97 Communications, the parent company of Paytm, aims to be profitable in the last quarter of FY25.
During an earning call, Paytm Founder and CEO Vijay Shekhar Sharma stated that the path to profitability will be driven by the core business and new areas of investment.
For the third quarter, Paytm reported a narrowing of consolidated loss to Rs 208.5 crore, mainly due to cost reduction and a recovery in business performance.
Paytm has launched a display-enabled soundbox, catering to the demand of premium merchants who seek confidentiality in in-store transactions.