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Paytm's net loss widens 135% to ₹839 crore in Q1, revenue dips 36%
short by Ashley Paul / on Friday, 19 July, 2024
Paytm saw its consolidated net loss in the April-June 2024 quarter widen by nearly 135% to ₹838.9 crore, up from ₹357 crore loss in the same quarter last year. The payments startup also saw its revenue decline by 36% to ₹1,501.6 crore and its total expenses falling nearly 12% to ₹2,476.4 crore. Paytm spent ₹952.5 crore on employee benefits.
read more at Moneycontrol