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India's Paytm posts rise in quarterly revenue on surge in loan growth

Tan KW
Publish date: Tue, 08 Nov 2022, 08:54 AM
Tan KW
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BENGALURU - Indian digital payments firm Paytm reported a 76% jump in second-quarter revenue, driven by a surge in loan growth.

Paytm's parent, One 97 Communications Ltd, said revenue rose to 19.14 billion Indian rupees ($233.81 million) in the July-September quarter, from 10.86 billion rupees a year earlier.

Consolidated net loss widened to 5.71 billion Indian rupees from a loss of 4.73 billion rupees a year earlier, the company said in an exchange filing.

 


  - Reuters

 

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