2024-01-19 05:14:52 pm | Source: Reuters
India`s Paytm`s Q3 revenue rises on strong payments business, loan growth
Indian digital payments firm Paytm posted a 38% rise in third-quarter revenue on Friday, helped by its payments business and strong loan growth in the financial services segment.
Consolidated revenue rose to 28.51 billion rupees ($343 million) for the October-December quarter from 20.62 billion rupees a year earlier.
The company, which has not posted a net profit since it went public in November 2021, said its consolidated net loss narrowed to 2.20 billion rupees from 3.92 billion rupees a year ago.
($1 = 83.0341 Indian rupees)
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