Paytm’s Net Loss Declines 50% YoY To INR 392.1 Cr, Claims To Be EBITDA Positive

Quick Summary:

One97 Communications’, the parent company of fintech giant Paytm, net loss declined approximately 50% year-on-year (YoY) to INR 392.

Shares of the fintech giant closed 3.83% down at INR INR 524.9 on the BSE on Friday (February 3).

Revenue from operations soared more than 41% YoY to INR 2,062 Cr in Q3 FY23, up from INR 1,456.1 Cr in Q3 FY22.

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Author / Journalist: Chetan Thathoo

Category: StartupsBusiness

Markets: India

Topics: B2B-B2C News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-02-03 @ 17:07:43 (1 months ago)

News Timezone: GMT +5:00

News Source URL: inc42.com

Language: English

Article Length: 328 words

Reading Time: 2 minutes read

Sentences: 22 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Inc42

News ID: 5126630

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