Paytm Reduces Loss To Rs 292 Cr

In the second quarter ending September, One97 Communications, which operates under the Paytm brand, reported a narrower consolidated loss of Rs 291.7 crore. This represents a significant improvement from the Rs 571.5 crore loss recorded during the same period the previous year.

During the reported quarter, the company saw its revenue increase by approximately 32 per cent, reaching a total of Rs 2,518.6 crore. This growth in revenue signals a positive trend for the fintech company, indicating increased financial stability and potential for future profitability. These results reflect the company's efforts to manage its financial performance more effectively and efficiently, resulting in a reduced loss compared to the previous year's figures.