Paytm Results For Q2 FY25: Rs 928.30 Crore Profit, Driven by Ticketing Business Sale
Paytm posted a significant profit in Q2 FY25, driven by a one-time gain from ticketing business sales and robust operating performance.
Paytm Results For Q2FY25
Paytm, the leading digital payments platform in India, announced its earnings for the second quarter of FY on Tuesday, revealing a profit of Rs. 928.30 crore, compared to a loss of Rs. 290.50 crore in the same quarter last year.
Nevertheless, the company's revenue from operations decreased by 34% year-on-year to Rs 1,659 crore, although it showed a slight increase of 10.5% from Rs 1,501 crore in Q1.
“With a one-time exceptional gain of Rs 1,345 crore, on account of the sale of entertainment ticketing business, we achieved a PAT of Rs 930 crore in Q2 FY 2025,” the company said in a regulatory filing.
In fact, at 11:06 am, Paytm shares were trading 3.5 % lower at Rs 700.50 on the National Stock Exchange (NSE). The stock has risen around 8% so far this year, underperforming Nifty's returns of 14%.
Additionally, Paytm saw a 5% rise in its gross merchandise value (GMV) on a sequential basis during the September quarter. Management has indicated that the festive season is likely to boost GMV growth even more in this quarter.
