One97 Communications, the parent company of Paytm, reported a sharp rise in quarterly profit, reflecting improving operating performance and better cost efficiencies. The company’s focus on financial services, merchant payments and lending partnerships continued to support overall business growth.
Management stated that digital payment volumes remain healthy, while continued expansion of value-added financial products is expected to support long-term profitability. Investors welcomed the improvement in earnings, viewing it as another step towards sustained business growth.
