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Paytm Q3 Consolidated Loss Narrows to ₹208.5 Crore
Hindustan Times Patna
|January 21, 2025
Fintech firm One97 Communications, which owns Paytm brand, has reported a narrowing of consolidated loss to ₹208.5 crore in the third quarter ended December 31, 2024 mainly on account of reduction in expenses across the board, mainly on payment processing charges and employee costs.
NEW DELHI:
The company had posted a loss of ₹221.7 crore in the same period a year ago, the company said. The revenue from operations of Paytm declined by 35.8% to ₹1,827.8 crore during the reported quarter, from ₹2,850.5 crore in the December 2024 quarter driven by dip in revenue from payments and financial services (34%), payment services (40%) and marketing services (48%).
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