Paytm shares slide 7.7% after Q2 results as revenue declines and one-time gain helps profit

One97 Communication, the parent firm of Paytm, fell as much as 7.7% to an intra-day low of Rs 669.80. The company reported a net profit of Rs 930 crore in the second quarter of FY25 against a loss of Rs 290 crore posted in the same quarter a year ago.

However, the company’s revenue from operations declined by 34% on year to Rs 1,659 crore in Q2 FY25 compared to Rs 1,095 crore in Q2 FY24. The gain in net profit can be attributed to the sale of the ticketing business to Zomato.