New Delhi: Shares of Paytm, operated by fintech company One 97 Communications, dropped 5.8 per cent to Rs 683.80 on the Bombay Stock Exchange (BSE) after the company reported a sharp decline in revenue. For the quarter ended September 2024, Paytm’s revenue fell 34 per cent year-on-year (YoY) to Rs 1,660 crore, compared to Rs 2,519 crore in the same period last year.

Paytm Q2 Results: Consolidated ProfitPaytm posted a consolidated profit of Rs 930 crore in Q2FY25, thanks to a one-time exceptional gain of Rs 1,345 crore from the sale of its entertainment ticketing business to Zomato earlier this year. In comparison, the company had recorded a loss of Rs 291.7 crore in the same quarter last year. Paytm Q2 Results: RevenueDespite the YoY decline, Paytm’s revenue grew 10.5 per cent on a quarter-on-quarter (QoQ) basis, rising from Rs 1,501.6 crore in Q1FY25 to Rs 1,660 crore in Q2. This sequential growth was driven by a 5 per cent increase in Gross Merchandise Value (GMV), better device realisation, and a 34 per cent rise in revenue from financial services.

Paytm Q2 Earnings: Revenue GrowthPaytm’s payment services revenue grew 9 per cent QoQ to Rs 981 crore, helped by higher GMV, an increased focus on monetisation, and more merchant subscriptions. Revenue from financial services and other segments rose 34 per cent QoQ to Rs 376 crore. Paytm Q2 Results: YoY Revenue Drop Raises ConcernsWhile the company’s performance showed improvement on a sequential basis, the 34 per cent YoY drop in revenue has raised concerns. However, Paytm’s focus on growing its payments and financial services segments helped boost quarterly earnings.( Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Times Now Digital suggests its readers/audience to consult their financial advisors before making any money-related decisions.)