Paytm’s Q2 net loss widens to Rs 482 cr amid rising expenses

Financial technology firm Paytm’s parent One 97 Communications on Saturday reported that its non- Unified Payments Interface revenue volumes grew 52 per cent in the second quarter of FY22. This is the first time the company has reported earnings after listing earlier this month.

The company said its net loss widened 11 per cent to Rs 482 crore in the quarter ended September (Q2) on a year on year basis, and increased 28 per cent compared to the quarter ended June.

Revenue from operations grew 64 per cent Y-o-Y to Rs 1,090 crore in Q2FY22, while total expenses jumped to nearly Rs 1,600 crore from Rs 1,170 crore a year ago.