Paytm Q2FY25 profit slumps 97% to Rs 21 crore on real-money gaming ban; revenue up 24%

Digital payments major Paytm reported a net profit of Rs 21 crore in the September quarter, down 97% from Rs 930 crore in the same period last year. The company’s operating revenue rose 24% year-on-year to Rs 2,061 crore, from Rs 1,659 crore last year. Overall expenses were trimmed to Rs 2,062 crore, compared to Rs 2,245 crore a year earlier.