{"id":949140,"date":"2025-07-23T11:29:32","date_gmt":"2025-07-23T05:59:32","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=949140"},"modified":"2025-07-23T11:29:49","modified_gmt":"2025-07-23T05:59:49","slug":"paytm-swings-to-profit-in-q1-1st-for-core-business","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/07\/23\/paytm-swings-to-profit-in-q1-1st-for-core-business\/","title":{"rendered":"Paytm swings to profit in Q1, 1st for core business"},"content":{"rendered":"<p>MUMBAI: Paytm swung to profit in the June quarter after two straight quarters of losses, posting net profits of Rs 123 crore on a consolidated basis as attempts to check costs and streamline operations leveraging AI paid off. This is the company&#8217;s first quarter of profit from its core business.<\/p>\n<p>The fintech, whose business was impacted after RBI&#8217;s directive to wind down its banking unit last year due to non-compliance, posted its first profit in Q2FY25 but it was due to a one-time gain accrued through the sale of its entertainment ticketing business to Eternal (formerly Zomato).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: Paytm swung to profit in the June quarter after two straight quarters of losses, posting net profits of Rs 123 crore on a consolidated basis as attempts to check costs and streamline operations leveraging AI paid off. This is the company&#8217;s first quarter of profit from its core business. The fintech, whose business was impacted after RBI&#8217;s directive to wind down its banking unit last year due to non-compliance, posted its first profit in Q2FY25 but it was due to a one-time gain accrued through the sale of its entertainment ticketing business to Eternal (formerly Zomato).<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[87,4,11],"tags":[],"class_list":["post-949140","post","type-post","status-publish","format-standard","hentry","category-it-2-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/949140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=949140"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/949140\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=949140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=949140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=949140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}