India’s Paytm Sept net loss widens, says maintains growth momentum

NEW DELHI: India’s One 97 Communications Ltd, the parent of fintech firm Paytm, 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 this month’s stock market debut, 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.