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India's Paytm quarterly net loss widens to 6.45 billion rupees

Tan KW
Publish date: Sat, 06 Aug 2022, 07:28 AM
Tan KW
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Future Tech

NEW DELHI - India's digital payments firm Paytm on Friday reported a wider first-quarter net loss as expenses related to marketing and employee benefits rose, the company said in a stock exchange filing.

The company's parent firm One 97 Communications Ltd posted a consolidated net loss of 6.45 billion Indian rupees ($81.28 million) for the quarter ended June 30, compared with a loss of 3.81 billion rupees a year earlier.

Total income, however, rose nearly 88% to 17.81 billion Indian rupees.

 


  - Reuters

 

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