Paytm Q3 loss narrows to Rs 222 crore; firm to focus on large-ticket loans

One 97 Communications, the company that operates digital payments firm Paytm, on Friday said its fiscal third-quarter net loss shrank 43% from a year earlier to Rs 221.7 crore.

Revenue from operations for the December quarter increased 38% to Rs 2,850.5 crore, which the Noida-based financial services company attributed to accelerated growth in gross merchandise value, payments device additions and an expansion in the financial services business.

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