Paytm posts profit of Rs 928.3 crore in Q2 on gain from sale of entertainment ticketing business

One97 Communications, the parent of Paytm, on Tuesday posted a net profit of Rs 928.3 crore in the quarter ended September 2024, compared to Rs 290.5 crore loss it incurred a year ago, as an exceptional gain from sale of entertainment ticketing business to Zomato improved the fintech firm’s Q2 scorecard.

The revenue from operations slumped 34.1 per cent year on year to Rs 1,659.5 crore during the just-concluded quarter.