Paytm Q1 loss widens to ₹ 840 crore
The Hindu
Paytm's Q1 loss widens to ₹8.39 billion, revenue falls 36%, impacted by RBI's actions, aiming for Q2 improvement.
Fintech firm One97 Communications, which owns Paytm brand, on July 19 said its loss has widened to ₹840 crore in the quarter ended June 30, 2024.
The company had posted a loss of ₹358.4 crore in the same period a year ago, according to a regulatory filing by the company.
The consolidated revenue of Paytm declined 33.48% to ₹1,639.1 crore during the reported quarter, from ₹2,464.2 crore in the same period a year ago.
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