"India's Paypal" Paytm posts first quarterly profit: - www.deekpay.com

　　This text is a financial report on Paytm, an Indian digital payments company, and the following is a brief summary of the content:

　　- Paytm made a net profit of Rs 9.3 crore in the quarter ended September, the first time the company has made a quarterly profit, mainly due to a one-time gain from the sale of its activities business.

　　- Despite the profitability, the company's quarterly revenue declined by 341 TP3T to Rs 166 crore.

　　- Paytm's shares were down 5.81 TP3T at one point after the report but recovered most of the lost ground in early trade.

　　- The company is facing stiff competition from the likes of Google in the digital payments space and is trying to turn things around by expanding in areas such as lending.

　　- Paytm's bank branches have been almost shut down due to stringent regulation by Indian regulators, which has disrupted its payment processing and overall business. The company's founders are working on deeper partnerships with Indian banks and awaiting regulatory approvals to stabilise the business.

　　- Paytm's shares have recovered most of the lost ground since February, when they plunged more than 50% due to regulatory restrictions.