The company’s losses narrowed to Rs 292 crore as against a loss of Rs 571 crore reported in the last financial year as its overall direct expenses came at Rs 1,093 crore in Q2 of FY24.
Payments major Paytm on October 20 reported a consolidated revenue of Rs 2,519 crore, up 32 percent for the second quarter ended September 2023 as against a revenue of Rs 1,914 crore last year, mainly on account of improving payment processing margins and growth in its loan disbursement.
