Paytm reported its first-ever net income, helped by a gain from the sale of its events business as the Indian fintech pioneer fights to rebound from regulatory setbacks.

Fintech company Paytm recorded a consolidated Profit After Tax (PAT) of Rs. 930 crore, alongside an operating revenue of

Paytm achieved its first net income of 9.3 billion rupees, aided by a 13.5 billion rupee gain from selling its events business.

Paytm reported the Rs 2,048 crore-transaction with food aggregator Zomato as an “exceptional gain” of Rs 1,345.4 crore, resulting in the company turning profitable after losses in previous quarters. Year-on-year (Y-o-Y),