Listed companies are announcing FY25 Q2 results. Paytm's parent company One97 Communication reported a net profit of ₹930 crore in the second quarter of FY 2024-25, compared to a loss of ₹290.5 crore in the same period last year. The company's net profit was contributed by ₹1,345 crore, which came from the sale of movie ticketing business Zomato.
Excluding proceeds from sale of movie ticketing business, Paytm posted a loss of ₹415 crore in the quarter, higher than the loss reported in the same quarter last year. The company today (October 22) announced Q2FY25 i.e. July-September results.
Shares of Paytm down more than 4%
After the results were announced, Paytm's shares fell by over 4%. It is trading at Rs 696. The stock has returned 6.88% in the last one month and 84.41% in the last 6 months. However, Paytm stock has given a negative return of 24.60% in the last 1 year.
Shares of Paytm fell 4.08% to Rs. Trading at 696.35.
Paytm was started in 2009
Paytm's parent company One97 Communication launched the Paytm payment app in August 2009. Its founder is Vijay Shekhar Sharma. Currently, Paytm has more than 30 crore users in the country. Paytm's market cap is around 28 thousand crore rupees.
Image Credit: (Divya-Bhaskar): Images/graphics belong to (Divya-Bhaskar).
