Paytm Q2 results: Revenue jumps 64%, net loss widens to ₹473 crore
Paytm Q2 results: Revenues rose to ₹1,086.4 crore - a rise of 64% - from the year earlier levels
One 97 Communications Ltd, the parent of fintech firm Paytm, today said its revenue from operations grew 64% year-on-year ₹1,090 crore for the quarter ended September 2021, driven by 52% growth in non-UPI payment volumes (GMV) and strong growth in financial services and other revenue. Paytm, reporting its earnings publicly for the first time since listing this month, reported a consolidated net loss of ₹473 crore, compared with ₹437 crore in the same period a year earlier. Expenses jumped to nearly ₹1,600 crore from ₹1,170 crore a year ago.