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Paytm Slumps 6% After Clocking INR 930 Cr Profit In Q2

  • Shares of Paytm slumped 6% after announcing its Q2 earnings.
  • Paytm reported a consolidated profit of INR 930 Cr in Q2 FY25, compared to a loss of INR 292 Cr in the year-ago period.
  • The profitability was driven by a one-time exceptional gain of INR 1,345 Cr from the sale of its entertainment ticketing business to Zomato.
  • However, Paytm's operating revenue declined 34% YoY, but increased over 10% sequentially due to growth in payments and financial services business.

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