Paytm, reporting its earnings publicly for the first time since its market debut, reported a consolidated net loss of Rs 474 crore ($63.2 million) compared to Rs 437 crore in the same period a year ago.
The company’s revenue grew 49.7% to Rs 1,135 crore.
“We have maintained the growth momentum in our payment services business, aggressively expanding our financial services business and are on track for pre-Covid volumes for commerce and cloud services,” the company said in a statement. ”
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disappointing start in the stock markets last week.
Paytm shares closed 0.86% lower at Rs 1,781.15 on Friday. Its share price closed at Rs 1,796.55 on BSE on Thursday, up Rs 43.40 or 2.48% from the previous close.
With inputs from agencies.