Paytm's Second Act Gains Momentum Through Growth, Profits and AI

Paytm is a company that helps people and businesses make payments.

After facing a regulatory setback, it spent about two years reorganizing its business.

Its latest June-quarter results show that sales and profits are growing.

Paytm earned ₹2,448 crore in operating revenue during the quarter.

Its profit after tax rose to about ₹220 crore.

More merchants and consumers are using Paytm's payment services.

The company is also growing its loans, Postpaid and wealth-product businesses.

Paytm is building a smaller AI model designed for Indian languages.

The company hopes this technology will reduce costs and may eventually be offered to other businesses.