Paytm loss in the second quarter increased to Rs 594 crore, revenue increased by 76 percent

Photo: PTI Paytm

digital financial The consolidated net loss of the service company Paytm, director of One97 Communications, increased to Rs 593.9 crore in the second quarter of the current financial year. Paytm announced this information in the market announcement on Monday. However, the company is in short supply. India’s largest fintech company posted a loss of Rs 644.4 crore in the June quarter. Its net loss in the second quarter of the previous financial year was Rs 481 crore. Paytm’s consolidated operating income (revenue) for the September quarter of the fiscal year 2022-23 increased by 76 percent to 1,914 crore rupees. It was 1,086.4 crore rupees in the previous quarter.

An increase in revenue is a good sign

The company said that revenue increased from merchant subscriptions, increased MTU due to increased bill payments and increased loan distribution through our platform. This is a good sign. At the same time, the revenue in financial services and other businesses is 349 crore rupees, which shows a 293% YoY increase.

অন্য ব্র্তা মান মে তি তেজিজ

Earlier, Paytm had said that its debt distribution increased by 17 percent in September to 34,000 crore rupees. The company does business under Paytm brand name. The company said that its annual debt distribution in August 2022 was 29,000 crore rupees. In the September quarter, the total number of loans distributed by Paytm increased to approximately 92 lakhs, which was 28.41 lakhs a year ago. The amount of total debt distributed by Paytm in the quarter under review increased to 7,313 crore rupees, which is six times compared to 1,257 crore rupees in the September 2021 quarter.

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