BENGALURU, May 6 : Indian fintech firm Paytm reported a profit for the fourth quarter on Wednesday, helped by growth in its core financial services distribution business and payments segment.
The digital payments firm posted a consolidated net profit of 1.84 billion rupees ($19.45 million) for the quarter ended March 31, compared with a loss of 5.4 billion rupees a year earlier.
In the year-ago quarter, its results were affected by a one-time expense on charges related to CEO Vijay Shekhar Sharma giving up his employee stock options.
($1 = 94.6100 Indian rupees)
