2 months ago
15
Reuters
Thu, January 29, 2026 astatine 7:40 AM CST 1 min read
Jan 29 (Reuters) - Indian fintech steadfast Paytm reported a nett for the 3rd 4th on Thursday, driven by maturation successful its financial and payments services concern portion it kept costs nether control.
The integer payments steadfast posted a nett net of 2.25 cardinal rupees for the 4th ended December 31, from a nonaccomplishment of 2.08 cardinal rupees a twelvemonth earlier.
Paytm has focused connected its halfway businesses and reduced expenses, managing to present a nett successful the 4th ending June 2025, pursuing earlier challenges successful its payments concern aft the cardinal bank ordered the shutdown of its banking unit successful January 2024.
In the July to September period, however, the institution had posted a sequential diminution successful profit, wounded by a one-time outgo related to an impairment nonaccomplishment against a indebtedness given to an online gaming associated venture.
The astir caller quarter saw analysts anticipating affirmative results from Paytm's absorption connected halfway businesses, bolstered by festive play tailwinds, which typically summation recognition activity.
Revenue from operations roseate 20% year-on-year to 21.94 cardinal rupees, while expenses dropped 2%.
(Reporting by Nishit Navin; Editing by Janane Venkatraman Editing by Ronojoy Mazumdar, Janane Venkatraman and Vijay Kishore)
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