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Paytm Posts First-Ever Profit on Payments Biz, Cost Cuts

Mint Kolkata

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July 23, 2025

Fintech reports ₹122.5 crore profit in Q1 after slashing marketing expenses by more than half

- PTI

Fintech firm One97 Communications, which owns the Paytm brand, reported its first-ever consolidated net profit at ₹122.5 crore in the quarter ended June 2025, mainly on account of cost optimization and an increase in payment revenue.

Paytm had posted a net loss of ₹840 crore in the year-ago period.

"Ebitda and profit after tax (PAT) turned profitable at ₹172 crore and ₹123 crore respectively, demonstrating AI-led operating leverage, disciplined cost structure and higher other income," Paytm said in a statement.

Ebitda stands for earnings before interest, taxes, depreciation and amortization.

The company slashed marketing and promotional expenses by more than half to ₹99.8 crore during the reported quarter from ₹221.4 crore a year ago and ₹142.7 crore in the March 2025 quarter.

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Mint Kolkata

Indian IT slashes spending on lobbying in the US

Indian IT slashes spending on lobbying in the US had incurred lobbying costs of $90,000 in 2022 as against $210,000 in 2020. It has not employed any lobbying services since 2022.

time to read

1 mins

November 29, 2025

Mint Kolkata

Apple’s 5th India store to open in Noida soon

Apple announced on Friday it will open its fifth retail store in India on 1 December in Noida's DLF Mall of India—marking its second store in the National Capital Region after Delhi, which opened in April 2023.

time to read

1 min

November 29, 2025

Mint Kolkata

Mint Kolkata

Inside Bengaluru's quiet recycling revolution

Stories from the alleys and gullies of India

time to read

4 mins

November 29, 2025

Mint Kolkata

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The beauty and sadness of living in the hills

In ‘Called by the Hills’, her first book-length non-fiction work, Anuradha Roy pays a literary and painterly tribute to her home in the Himalayas

time to read

5 mins

November 29, 2025

Mint Kolkata

Fiscal deficit widens on higher capex, lower tax

India’s fiscal deficit for the April-October period rose on higher capital expenditure and lower net tax revenue.

time to read

1 min

November 29, 2025

Mint Kolkata

Mint Kolkata

Inside Bengaluru’s quiet recycling revolution

Stories from the alleys and gullies of India

time to read

5 mins

November 29, 2025

Mint Kolkata

Mint Kolkata

'The Family Man' S3: Agent down

The new season of the popular spy thriller series starring Manoj Bajpayee feels like a hedged bet

time to read

4 mins

November 29, 2025

Mint Kolkata

Fiscal deficit up on capex, lower tax

during the period, or 55.1% of the annual estimate for FY26, compared to %4.67 trillion or 42% ofthe annual estimate during the year-ago period.

time to read

1 min

November 29, 2025

Mint Kolkata

Equity treatment for Reits from 1 Jan

From 1 January 2026, any money put into Reits (real estate investment funds) by mutual funds and specialized investment funds (SIFs) will be treated as equity-linked investments.

time to read

1 min

November 29, 2025

Mint Kolkata

Mint Kolkata

Former DBS CEO is Temasek India’s new non-exec chair

Piyush Gupta, the former chief executive of DBS Group, has joined Singaporean state-owned multinational investment firm Temasek as India chairman, albeit in a non-executive role, and will work with Ravi Lambah, head of India and strategic initiatives, the firm said, He will join on 1 December.

time to read

1 mins

November 29, 2025

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