Paytm's net loss widens 11% to ₹482 cr in 2nd quarter; revenue rises 64%
The Morning Standard|November 28, 2021
FINANCIAL services company Paytm’s parent One97 Communications on Saturday reported that its net loss widened 11% at ₹482 crore in the second quarter ended September 30, 2021, compared to the same period in the previous fiscal. Its net loss in Q2FY20 stood at ₹435 crore.
UMA KANNAN

The company’s net loss during the previous quarter of this fiscal was ₹377 crore.

However, its revenue from operations grew 64% Y-o-Y to ₹1,090 crore, driven by 52% growth in non-UPI payment volumes (GMV) and more than 3 times growth in financial services and other revenue. Its revenue from operations stood at ₹664 crore in Q2FY21.

The company is reporting its earnings publicly for the first time since listing recently.

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