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Why did Paytm's stock fall 8% despite ₹930 cr net profit in Q2?
short by Bhawana Chaudhary / on Tuesday, 22 October, 2024
Shares of Paytm fell nearly 8% on Tuesday despite the company reporting ₹930 crore net profit in July-September quarter. The company's net profit includes a one-time gain of ₹1,345 crore, which was due to the sale of movie and events ticketing business to Zomato. Paytm would've reported a net loss of ₹415 crore in the quarter, excluding the one-time gain.
read more at Moneycontrol