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
Paytm's net loss widens 11% to ₹482 cr in 2nd quarter; revenue rises 64%

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.

This story is from the November 28, 2021 edition of The Morning Standard.

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This story is from the November 28, 2021 edition of The Morning Standard.

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