INSUBCONTINENT EXCLUSIVE:
Paytm Q2 Results: Net loss widened to Rs 473 crore in September quarter
Paytm Q2
Results: One97 Communications Limited - the operator of digital payments platform Paytm, announced its July-September quarter results for
the financial year 2021-22, reporting a net loss of Rs 473 crore on a consolidated basis, compared to a loss of Rs 437crore in the
corresponding period last year
Paytm's revenue from operations in the second quarter of the current fiscal stood at Rs 1,086 crore, compared to Rs 664 crore in
the year-ago period, marking a growth of 64 per cent year-on-year.The jump in revenue was driven by a 52 per cent growth in non-UPI gross
payment volume in payment gateway and growth in devices
services,'' said Paytm in its statement today.The company's EBITDA (earnings before interest, taxes, depreciation, and amortization) loss
its issue price, to hit an intraday low of Rs 1,560
The stock had opened for trading at Rs 1,950 on the NSE, marking a decline of 9.3 per cent or Rs 200 from its issue price of Rs
2,150.Paytm's Rs 18,300 crore IPO has been the biggest in India's corporate history so far - breaking a record held by state-run Coal
after US ride-hailing firm Uber Technologies listed it as a quick payment option in India
Friday, November 26, shares of One97 Communications settled 0.86 per cent lower at Rs 1,781.15 apiece on the BSE.
