Paytm’s loss widens to Rs 473 crore in Q2 FY22: Should you buy, hold or sell?

Paytm's parent One 97 Communications has posted a consolidated loss of about Rs 473 crore in the second quarter of the ongoing financial year. 

New Delhi: Paytm's parent One 97 Communications, on Saturday (November 27), posted a consolidated loss of about Rs 473 crore in the second quarter of the ongoing financial year. The company said that the losses were on account of increase in payment processing charges.

In the similar quarter last year, Paytm had posted a loss of Rs 436.7 crore, according to the fintech company’s exchange filing. At the same time, the company’s consolidated total income jumped by 49.6 per cent to Rs 1,086.4 crore during the quarter in focus. Paytm’s revenue stood at Rs 663.9 crore in the corresponding period of FY21.

"We have improved our expenses, with continued and increased investments in technology and merchant base expansion. Clearly, the monetisation and focus on non UPI business is showing up in our results and costs. We are committed to innovation and continued investments in India's payment and financial services inclusion," a Paytm spokesperson said.