Paytm Q2 Results: Profit falls 98% to Rs 21 crore, revenue rises 24%

Paytm Q2 Results: Fintech firm Paytm reported a significant 98% drop in net profit to Rs 21 crore for Q2, despite a 24% rise in revenue to Rs 2061 crore. The company attributes revenue growth to increased subscription merchants and financial services distribution. Paytm plans to expand merchant offerings, grow financial services, and leverage AI for product innovation and market expansion.

from Stocks-Markets-Economic Times https://ift.tt/HEw1tRL