Paytm Q1 Results: Profit soars 79% YoY to Rs 220 crore; board decides not to go with bonus proposal

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Paytm reported a 79% year-on-year jump in net profit to Rs 220 crore for Q1, marking a strong earnings beat. However, the board decided against proceeding with a bonus share proposal, citing a focus on long-term growth and profitability. Instead, the company approved an additional Rs 100 crore investment in its wholly owned subsidiary Paytm Money.