Paytm Q2 profit jumps 976% to Rs 226 crore
In short
Paytm reported Q2 profit of Rs 226 crore, up 976% from Rs 21 crore a year earlier. Revenue from operations rose 28% to Rs 2,648 crore.
The results may matter to Paytm investors and the wider fintech market. The reporting does not give the quarter dates or any guidance from the company.
What the reporting says
Paytm reported consolidated net profit of Rs 226 crore for Q2, up 976% year on year from Rs 21 crore a year earlier, according to the publisher summary. Revenue from operations rose 28% to Rs 2,648 crore in the reporting period. The available reporting does not include the quarter dates or any management guidance.
Why it matters
Paytm reported a sharp rise in Q2 consolidated net profit to Rs 226 crore and revenue growth of 28% to Rs 2,648 crore, according to the publisher summary. The figures suggest a stronger quarter for the fintech company and could influence investor sentiment. The available reporting does not provide the quarter period, drivers of growth or outlook.