Paytm Q1 Results: Net loss widens to Rs 644 crore, revenue up 88.5% YoY

Paytm today reported that its net loss widened YoY to Rs 644.4 crore in the June quarter of the current fiscal against a loss of Rs 380.2 crore in the corresponding quarter of the last fiscal year.

The digital payments platform’s revenue, however, shot up 88.5 per cent in Q1 to Rs 1,679.6 crore on a YoY basis.