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Paytm swings to profit in Q2 FY24, driven by ticketing biz sale to Zomato

  • Paytm reported a profit of Rs 930 crore in Q2 FY24, driven by the sale of its ticketing business to Zomato.
  • Parent company One 97 Communications saw a 10.51% rise in revenue from operations in Q2 FY24.
  • Total income rose 11.89% to Rs 1,834 crore in Q2 but decreased by 31.09% from the previous year.
  • Paytm plans to pick up inactive devices to reduce capital expenditures and increase the active merchant base.

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