HomeStartupPaytm Q2 net loss rises to 571.5 crore, revenue up 76%.

Paytm Q2 net loss rises to 571.5 crore, revenue up 76%.

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By lapaasindia
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  • One97 Communications, the parent company of Paytm, posted a consolidated loss of 571.5 crore for the quarter ended in September, up from a loss of 473.5 crore in the same quarter last fiscal year.
  • The deficit decreased from 645.4 crore in Q1 FY23, nevertheless. Its operating revenue as a whole increased by 76.2% to 1,914 crore. The increase was caused by a spike in loan growth.

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