Paytm Achieves First Quarterly Profit Boosted by Strategic Asset Sale

The Indian fintech company posts a net income following the sale of its ticketing business, despite ongoing regulatory challenges.

Paytm reported a net income of 9.3 billion rupees, marking its first profit since going public.
The profit was largely driven by a one-time gain of 13.5 billion rupees from selling its events business to Zomato.
Despite the profit, Paytm's revenue from operations fell by 34% in the latest quarter.
Regulatory issues have significantly impacted Paytm, including the shutdown of its banking unit earlier this year.
The company is refocusing on its core payments and financial services amid fierce competition in the digital payments sector.