India's Paytm quarterly net loss widens to 6.45 billion rupees

1 week ago 36

NEW DELHI : India's digital payments firm Paytm on Friday reported a wider first-quarter net loss as expenses related to marketing and employee benefits rose, the company said in a stock exchange filing.

The company's parent firm One 97 Communications Ltd posted a consolidated net loss of 6.45 billion Indian rupees ($81.28 million) for the quarter ended June 30, compared with a loss of 3.81 billion rupees a year earlier.

Total income, however, rose nearly 88 per cent to 17.81 billion Indian rupees.

Read Entire Article