Paytm reports first-ever operating profit of ₹31 crore

Paytm reported its first-ever operating profit in the quarter-ended December 2022, three quarters ahead of its target. The company's earnings before interest, taxes, depreciation, and amortisation (EBITDA), without accounting for employee stock option costs, stood at ₹31 crore for the quarter. Meanwhile, Paytm's loss narrowed to ₹392 crore as revenue from operations surged to ₹2,062 crore.