Paytm trims losses to Rs 221.7 crore , revenue from operations zooms 38%

One97 Communications, the parent company of fintech major Paytm, saw its net loss narrow down to Rs 221.7 crore on a consolidated basis in the third quarter of financial year 2024 (Q3FY24) from a loss of Rs 392 crore in the third quarter of FY23.

On a sequential basis too, the company trimmed its loss from Rs 291.7 crore in Q2 FY24.

The Noida-based fintech firm’s revenue from operations rose 38.2 per cent to Rs 2,859.5 crore year-on-year. On a quarter-on-quarter basis, revenue increased 13 per cent from Rs 2,518.6 crore in Q2.