Paytm’s consolidated losses increase nearly 69% on-year to Rs 645.5 crore

Fintech firm Paytm’s consolidated losses increased nearly 69% on-year to Rs 645.5 crore in the fiscal first quarter, compared to a loss of Rs 381.9 crore in the year-ago period.

One 97 Communications Ltd, the parent entity that owns Paytm, said losses reduced by 15% sequentially, compared to Rs 762.5 crore in the quarter ended March 31, 2022.