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Paytm Q3 net loss narrows to ₹208 cr, revenues fall 36%
Financial Express Kochi
|January 21, 2025
ONE97 COMMUNICATIONS, the parent company of Paytm, on Monday said it narrowed losses for the October-December quarter to ₹208.3 crore, from a loss of ₹219.8 crore in the year-ago period.
The fintech's consolidated revenues for the latest quarter fell 36% YoY to ₹1,827.8 crore, but rose 10% sequentially. The management attributed the rise to an increase in the gross merchandise value (GMV), a healthy growth in subscription revenues and a rise in revenues from distribution of financial services.
Of total revenues of ₹1,828 crore, ₹1,003 crore came from the payments business, which went up 6% sequentially. Around ₹502 crore was contributed by financial services (up 34%), driven by a bigger share of merchant loans and higher trail revenue from the default loss guarantee portfolio, the management said.
This story is from the January 21, 2025 edition of Financial Express Kochi.
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