Economic TimesLean R·
Paytm shares gain 3% after Q1 results. What are Goldman Sachs, Citi and CLSA saying?
Shares of fintech operator Paytm gained 2.7% to Rs 1,383 on the BSE on Tuesday after the company reported a 79% year-on-year (YoY) jump in consolidated net profit to Rs 220 crore for the first quarter, compared with Rs 123 crore in the year-ago period.Revenue from operations rose 28% YoY to Rs 2,448 crore from Rs 1,918 crore. On a sequential basis, revenue increased 8% from Rs 2,264 crore in the March quarter. Total income for the quarter stood at Rs 2,630 crore, up 22% from Rs 2,159 crore a ye…
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