scorecardresearchPaytm jumps 7.4% after surprise Q3 operating profit

Paytm jumps 7.4% after surprise Q3 operating profit

Updated: 06 Feb 2023, 09:47 AM IST
TL;DR.

Shares of India's Paytm rose as much as 7.4% in early trading on Monday after the fintech company unexpectedly posted its first-ever quarterly operating profit as a listed firm.

Noida-headquartered Paytm currently has 5.5 million merchants paying subscriptions for payment devices. It had around 1.6 million merchants as of November 2021. (Photo: Mint)

Noida-headquartered Paytm currently has 5.5 million merchants paying subscriptions for payment devices. It had around 1.6 million merchants as of November 2021. (Photo: Mint)

(Reuters) - Shares of India's Paytm rose as much as 7.4% in early trading on Monday after the fintech company unexpectedly posted its first-ever quarterly operating profit as a listed firm.

First Published: 06 Feb 2023, 09:47 AM IST