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Paytm Q1 loss widens to ₹ 840 crore

Posted on July 19, 2024 By admin


Image used for representative purpose only.
| Photo Credit: Reuters

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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