Paytm Q2 Profit Plunges 98% YoY To INR 21 Cr

The company’s Q2 bottom line was also impacted by an impairment loss of INR 190 Cr against a loan given to its real money gaming joint venture First Games

The fintech major’s operating revenue surged 24% YoY and 7% QoQ to INR 2,061 Cr in the quarter under review

Including other income of INR 222 Cr, Paytm’s total revenue for the quarter stood at INR 2,283 Cr, while expenses declined 8% YoY to INR 2,062 Cr

Fintech major Paytm maintained its profitability edge in Q2…