India News | Paytm Apr-Jun Quarter Loss Widens to Rs 840 Cr

Get latest articles and stories on India at LatestLY. Fintech firm One97 Communications, which owns Paytm brand, on Friday said its loss has widened to Rs 840 crore in the quarter ended June 30, 2024.

New Delhi, Jul 19 (PTI) Fintech firm One97 Communications, which owns Paytm brand, on Friday said its loss has widened to Rs 840 crore in the quarter ended June 30, 2024.

The company had posted a loss of Rs 358.4 crore in the same period a year ago, according to a regulatory filing by the company.

Also Read | Infosys Hiring 20,000 Freshers This Year Depending on Growth, IT Company Witnesses Drop in Headcount by 1,908 in April-June Quarter of FY25.

The consolidated revenue of Paytm declined 33.48 per cent to Rs 1,639.1 crore during the reported quarter, from Rs 2,464.2 crore in the same period a year ago.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)

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