Paytm shares have dropped over 5% following the release of its Q2 FY25 results. The company reported a significant revenue decline of 34.9% year-on-year (YoY) to ₹1,695.50 crore, down from ₹2,519 crore in the corresponding quarter last year.
Despite the drop in revenue, Paytm’s net profit surged to ₹930 crore, primarily due to a one-time exceptional gain of ₹1,345 crore from the sale of its movie ticketing business to Zomato. Excluding this gain, the company’s profit would have been substantially lower.
As of 10:52 am, Paytm shares were trading 5.34% lower at ₹687.20 on the NSE.
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