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HomeTechPaytm September quarter net loss widens

Paytm September quarter net loss widens


New Delhi: One 97 Communications Ltd, the parent of digital payment giant , said on Saturday its net loss for the three months through September widened by 8.4% as expenses rose.


Paytm, reporting its earnings publicly for the first time since its market debut, registered a consolidated net loss of Rs 474 crore ($63.2 million) compared with Rs 437 crore in the same period a year earlier.

The company’s revenue rose 49.7% to Rs 1,135 crore.

With inputs from agencies.

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