Paytm reports ₹220 crore Q1 profit as revenue rises 8% to ₹2,448 crore
Paytm posted a ₹220 crore Q1 net profit, while revenue grew 8% year-on-year to ₹2,448 crore. The source also flags a near-term trading view, with ₹1,400 cited as resistance after the stock’s recent rally.
Paytm posted Q1 net profit of ₹220 crore and 8% revenue growth to ₹2,448 crore. Globe Capital recommends buying on dips near ₹1,250, with ₹1,400 resistance and ₹1,600-plus possible after a breakout.
Why this matters
The profit report follows signals on June-quarter payments and financial-services growth, a ₹100 crore Paytm Money wealthtech plan, and a deferred bonus-share decision.
Retail-company is accelerating, up 954000% QoQ.