Paytm, an Indian digital payments company, reported a 51.5 percent surge in fourth-quarter revenue, reaching ₹23.35 billion as compared to ₹15.41 billion in the previous year, boosted by the growth in loans. For the second consecutive quarter, the company posted an operating profit, totaling ₹2.34 billion, which comprises core profit before the cost of employee stock-owning plans. This figure also includes ₹1.82 billion received from a government scheme that incentivizes UPI payments. This result represents a significant turnaround from the ₹3.68 billion operating loss reported in the same quarter of the preceding year. Notably, Paytm had achieved an operating profit for the first time in Q3 2021, when it went public in November. The company’s consolidated net loss, however, lowered to ₹1.68 billion, from the previous year’s ₹7.61 billion. Paytm’s fast-growing financial services business powered an 183 percent surge in revenue as loans issued through Paytm increased three times, reaching ₹125.54 billion. The revenue of the company’s two top divisions, payment services to consumers and merchants, saw a 12 percent and 61 percent rise, respectively. The firm’s contribution margin also improved from 35 percent to 55 percent over the previous year.