Paytm September quarter net loss widens
The Hindu
Revenue rose 49.7% to 11.35 billion rupees
India's One 97 Communications Ltd., the parent of fintech firm Paytm, said on November 27 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 listing this month, reported a consolidated net loss of 4.74 billion rupees ($63.2 million) compared with 4.37 billion rupees in the same period a year earlier.
Revenue rose 49.7% to 11.35 billion rupees.
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