Paytm Soars: From Loss to 225 Crore Profit in December Quarter

• Paytm's parent company, One97 Communications, reported a net profit of 225 crore rupees in the December quarter, a significant turnaround from a 208 crore rupee loss a year ago.
• The company's revenue from operations increased by 20 percent year-on-year to 2,194 crore rupees in the December quarter.
• Growth was driven by higher payment transaction volumes, merchant subscriptions, and distribution revenue from financial services.
• Financial services revenue grew by 34 percent year-on-year to 672 crore rupees, with customer numbers reaching 7.1 lakh.
• Paytm's market share in UPI payments has grown, and its Gross Merchandise Value increased by 35 percent.

Why It Matters: Paytm achieved a remarkable 225 crore profit in Q3, driven by strong growth in payments and financial services.