
CosmicTaco
Paytm Achieves First Operating Profit Milestone
- Paytm has reported a net profit of Rs 123 crore for Q1 FY26, marking its first operating profit since its IPO.
- The fintech firm's strategy of focusing on financial product distribution and merchant monetisation is bearing fruit.
- Paytm shares hit a 52-week high, closing at Rs 1053.10, despite being over 50% below their IPO price.
- Operating revenue increased 28% YoY, driven by revenue from financial services and payment services.
- Indirect costs reduced with significant declines in ESOP expenses and marketing costs, contributing to improved profitability.
Source: The Arc
11d ago
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