Paytm’s Q1 net profit rises 79% YoY to ₹220 crore
Paytm reported June-quarter net profit of ₹220 crore, versus ₹123 crore a year earlier. Separately, BlueStone posted an adjusted Q1 profit of ₹14 crore after a ₹21 crore adjusted loss, while Indian Hotels is due to report results on July 21.
Paytm reported 79% year-on-year growth in June-quarter net profit to ₹220 crore. Jewellery retailer BlueStone turned profitable on an adjusted basis, posting ₹14 crore profit versus a year-earlier loss. Indian Hotels is among consumer-facing companies scheduled to report Q1 results.
Why this matters
The result follows Paytm’s fifth straight profitable quarter, Q1 revenue of ₹2,448 crore, and its board rejecting a bonus-share proposal as Q1 profit rose 78.8%.
Retail-company signals are accelerating, up 938,300% QoQ.