One 97 Communications which owns finetch major Paytm reported a 44.5% year-on-year decline in consolidated net losses in the June quarter to Rs 358.4 crore. Net losses stood at Rs 645.4 crore in the year ago quarter. Revenue from operations during the quarter increased to Rs 2,341.6 crore from Rs 1,679.6 crore posted in the year-ago quarter, recording a y-o-y rise of nearly 40%.
Paytm Q1FY24: Consolidated net losses decline by 44.5% y-o-y but widen sequentially
One 97 Communications which owns finetch major Paytm reported a 44.5% year-on-year decline in consolidated net losses in the June quarter to Rs 358.4 crore. Net losses stood at Rs 645.4 crore in the year ago quarter. Revenue from operations during the quarter increased to Rs 2,341.6 crore from Rs 1,679.6 crore posted in the year-ago quarter, recording a y-o-y rise of nearly 40%.