Paytm Q3 consolidated loss narrows to Rs 392 crore

Paytm parent One 97 Communications recorded a 42% increase in revenue from operations to Rs 2,062 crore in the December quarter. The increase in operating revenue was mainly fuelled by a surge in loan disbursals.

The company’s net loss narrowed to Rs 392.1 crore from Rs 778.5 crore last year.