Paytm posts third straight profit as business bounces back

Paytm reported a third straight profitable quarter, helped by rising sales and cost cuts that have helped the Indian fintech pioneer rebound from regulatory troubles.Consolidated net income was ₹225 crore ($24.5 million) in the quarter through December, Paytm said Thursday in a disclosure to stock exchanges. Analysts expected ₹197 crore on average. Sales climbed 20% to ₹2,200 crore , in line with estimates.Founder Vijay Shekhar Sharma has reduced expenses, sold off units and deepened partnerships with India ...