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Paytm Rallies 6% After Nod For New UPI Users, Q2 Profit
- Shares of Paytm jumped more than 6% on the BSE after receiving approval to onboard new UPI users.
- The nod is expected to help Paytm revive its declining market share and expand its user base.
- Paytm reported a consolidated profit of INR 930 Cr in Q2 FY25, compared to a loss in the year-ago period.
- Revenue from operations declined 34% YoY in the quarter under review.
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