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Paytm Reports ₹123 Crore Net Profit, Boosted by Strong Lending Business
The New Indian Express Kannur
|July 23, 2025
ONE97 COMMUNICATIONS, the parent of Paytm, on Tuesday reported a consolidated net profit of ₹123 crore in the June quarter as against a net loss of ₹839 crore a year ago.
The digital payment company's profit was boosted by strong lending business that helped it report ₹1,918 crore in revenue, up 28%, and a tight leash on expenses. The year-ago quarter saw the company taking full impact of the RBI direction on know-your-customer (KYC) norms, which came into force from mid-February 2024. Operating revenue for the quarter stood at ₹1,918 crore, up 28% YoY and margi
This story is from the July 23, 2025 edition of The New Indian Express Kannur.
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