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Q4 Results: Paytm Net Loss Widens To Rs 761 Crore

Its revenue however, grew 89 per cent to Rs 1,541 crore from Rs 815 crore in the quarter under review

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One97 Communications, the parent company of Paytm released its financial results for the quarter ended March 31 late on Friday and reported a widened loss of Rs 761 crore, compared to Rs 444 crore loss a year ago in the same quarter.

Shares of One97 Communications saw buying on Friday ahead of its earnings announcement as many expect an improved performance from the fintech firm.

Its revenue however, grew 89 per cent to Rs 1,541 crore from Rs 815 crore in the quarter under review on the back of healthy growth in gross merchandise value (GMV) from MDR bearing instruments, 2.1 million new devices and huge growth in value of loans disbursed.

The company's average Monthly Transacting Users (MTU), i.e., the number of unique users with at least one successful payments transaction in a month) grew by 41 per cent YoY to 7.09 crore.

Paytm said it is on track to achieve break-even by quarter ending September 2023, which it hopes will be driven by continued revenue growth, along with moderation in costs as operating leverage kicks in. 


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