India’s fintech giant Paytm has announced its Q3 results. The company released its quarterly performance report after the stock market opened, which also impacted its share prices. A significant 36% decline in revenue was reported, bringing it down to approximately ₹1,827.8 crore compared to ₹2,850.5 crore in the same quarter last year. However, on a positive note, the company’s operational profit (EBITDA) showed growth, increasing from ₹159 crore to ₹222 crore. This mixed performance highlights challenges in revenue generation while showcasing improved profitability. Investors and analysts are closely monitoring these developments to assess Paytm’s financial trajectory. For a detailed breakdown of the results and their implications for the fintech sector, stay tuned for the full analysis.
