Paytm Shares Fall 4% Despite Higher Q2 Profit
One 97 Communications reported net profit of Rs 225 crore, up from Rs 21 crore a year earlier; that period included a Rs 190 crore exceptional impairment charge. Paytm shares fell 4% on Tuesday, October 27.
Net profit climbs to Rs 225 crore from Rs 21 crore in the year-ago quarter, although the earlier period included an exceptional impairment charge of Rs 190 croreShares of One 97 Communications, the parent company of Paytm, fell 4 per cent on Tuesday, October 27, despite a sharp improvement in its S…