Paytm posts first-ever profit helped by ticketing biz sale to Zomato; revenue down 34% YoY

Paytm parent One 97 Communications on Tuesday posted a 34% year-on-year fall in second-quarter operational revenue at Rs 1,660 crore, but the sale of its ticketing platform to Zomato helped the digital payments company report a net profit of Rs 930 crore.