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Paytm Q2: Losses narrow 49%...

NEW DELHI: One 97 Communications which...

Paytm Q2: Losses narrow 49% year-on-year to Rs 291.7 crore

NEW DELHI: One 97 Communications which runs fintech major Paytm reported a 49% year-on-year decline in consolidated net losses in the September quarter to Rs 291.7 crore. Net losses stood at Rs 571.5 crore in the year ago quarter. Revenue from operations increased to Rs 2,518.6 crore during the quarter from Rs 1,914 crore posted in the year ago quarter, recording a y-o-y rise of nearly 32%. The growth in revenues was helped by increase in GMV (gross merchandise value), merchant subscription revenues and growth of loans distributed...

Karl Jörg - October 20, 2023

Business Profiles

Paytm Q2: Losses...

NEW DELHI: One 97 Communications which runs fintech major Paytm reported a 49% year-on-year decline in consolidated net losses in the September quarter...

Karl Jörg - October 20, 2023

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