Paytm Q1 Loss Widens to Rs 840 Crore - Business News

Jul 19, 2024 11:22

Paytm's loss widened to Rs 840 crore in the April-June quarter, with revenue declining by 33.48% year-on-year. Read more about the financial performance.

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.

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.

Source: PTI

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Paytm Q1 Loss Widens to Rs 840 Crore - Business News

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