Paytm shares triple from low as it divests non-core businesses for growth

Quick Summary:

On a year-on-year (Y-o-Y) basis, revenue from operations declined 34.1 per cent from Rs 2,518.6 crore in Q2FY24 to Rs 1,659.5 crore in Q2FY25.

Earlier this year, the Reserve Bank of India (RBI) imposed crippling restrictions on Paytm’s associate entity, Paytm Payments Bank, for non-compliance.

The company sold its entertainment ticketing business to Zomato for Rs 2,048 crore in August.

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Category: BusinessFinance

Markets: IndiaJapanSingapore

Topics: Non-core business Paytm Paytm shares Paytm revenue Paytm Gold

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-09 @ 18:44:38 (3 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 536 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24277510

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