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Shares of fintech player One97 Communications, parent of Paytm, rose 6% in early trading on Thursday, 7 May, after the company posted a profit for the fourth quarter in a row, signalling a sustained turnaround.
Paytm share price surged as much as 6.24% to hit the day's high of ₹1,180 on the National Stock Exchange (NSE).
The digital payments firm posted consolidated net profit of ₹184 crore for the quarter ended March 31, compared with a loss of ₹540 crore a year earlier.
Paytm reported a consolidated net profit of ₹184 crore for the quarter ended March 31, compared to a loss of ₹540 crore a year earlier. Revenue from operations rose 18.4% to ₹2264 crore.
Paytm's share price jumped 6% after the company posted its fourth consecutive quarterly profit, signaling a sustained turnaround. The Q4 results showed a significant profit swing from the previous year.
Paytm's revenue from operations rose 18.4% to ₹2264 crore in Q4. This growth was driven by a 21% increase in payments services and a 38% rise in financial services distribution revenue.
In the year-ago quarter, Paytm's results were affected by a one-time expense related to CEO Vijay Shekhar Sharma giving up his employee stock options.
Paytm's share price jumped 6% after its fourth straight quarterly profit, with the article suggesting there could be more upside ahead. The sustained profitability indicates a turnaround for the fintech player.
In the year-ago quarter, its results were affected by a one-time expense on charges related to CEO Vijay Shekhar Sharma giving up his employee stock options.
Revenue from operations rose 18.4% to ₹2264 crore, driven by a 21% increase in payments services and a 38% rise in financial services distribution revenue.
(This is a developing story. Check back for updates.)
Saloni Goel has over nine years of experience as a business journalist, with a strong track record of covering the financial markets. Over the course of her career, she has reported extensively on global and domestic equities, IPO market activity, commodities, and broader macroeconomic trends. Her reporting reflects a keen eye for detail, data-driven analysis, and the ability to spot emerging themes early.<br> At Mint, Saloni has been part of the markets team for nearly two years, where she currently works as Chief Content Producer. In this role, she plays a key part in shaping market coverage, driving editorial strategy, and ensuring timely, accurate, and insightful reporting across. She has been closely involved in breaking news coverage and in crafting stories that help decode the complex financial developments.<br> Before joining Mint, Saloni worked with some of India’s leading business newsrooms, including The Economic Times and Business Standard. Throughout her career, she has worn multiple hats—ranging from reporting and editing to contributing in-depth features and identifying new storytelling formats and market trends.<br> Her experience in fast-paced digital newsrooms has given her an edge in simplifying complex market concepts without losing analytical depth. Outside of work, Saloni enjoys reading books and spending time with her pet.
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