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Paytm Net Loss Widens To ₹550 Crore In Q4, FY24 Loss Narrows To ₹1,422.4 Crore

The company had posted a loss of Rs 167.5 crore in the same period a year ago, the company said in a regulatory filing.

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Paytm Q4 Loss Widens to Rs 550 Crore Despite Annual Revenue Surge

Fintech firm One97 Communications, owner of Paytm, reported a Q4 loss of Rs 550 crore for FY24, up from Rs 167.5 crore a year earlier. Despite a 2.8% revenue decline in Q4, the annual revenue rose by 25% to Rs 9,978 crore. RBI restrictions impacted Paytm Payments Bank Limited operations.

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One97 Communications | Paytm Q4 FY24 loss widens to Rs 550 crore

One97 Communications | Paytm Q4 FY24 loss widens to Rs 550 crore
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Fully Committed On Building Paytm Through Regulatory Compliances And Prudent Operation Risk Policies: Paytm's Sharma | India News

Fully Committed On Building Paytm Through Regulatory Compliances And Prudent Operation Risk Policies: Paytm's Sharma | India News
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Paytm net loss widens to Rs 550 crore in Q4

Fintech firm One97 Communications, which owns the Paytm brand, on Wednesday said its loss in the fourth quarter of the financial year 2023-24 has widened to Rs 550 crore following the ban imposed by the RBI on transactions related to its payments bank. The company had posted a loss of Rs 167.5 crore in the same period a year ago, the company said in a regulatory filing. Our fourth quarter FY24 results were impacted by temporary disruption on account of UPI transition etc. and permanent disruption because of the PPBL embargo.

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