Paytm Q3 profit results: Revenue jumps 38 per cent, losses narrow to Rs 222 crore

The net loss of Paytm parent One97 Communications narrowed to Rs 222 crore in the October-December quarter, aided by growth in revenue. The company had posted a net loss of Rs 392 crore a year ago. Analysts had estimated the company would post a net loss of Rs 255 crore .

Revenue from operations grew 38% year-on-year(y-o-y) to Rs 2,850 crore in the quarter under review due to accelerated growth in gross merchandise value, higher device addition, and growth of financial services business.