Paytm Announces a 32% YoY Revenue Growth to ₹2,518.6 Crore in Q2FY24

One97 Communications, the company behind Paytm, announced a 32% year-on-year revenue growth to ₹2,518.6 crore in the July-September quarter of fiscal year 2023-24 (Q2FY24). This is an increase from the ₹1,914 crore revenue reported in Q2 FY23. The net loss attributable to owners decreased to ₹290.05 crore in the September quarter of the current financial year.
In comparison to the previous quarter of the current fiscal year, the company’s revenue rose by 7% from ₹2,341 recorded in the June quarter. In the last quarter, the company reported a net loss of ₹357 crore.
On a quarterly basis, Paytm reported a slight increase of 7% with revenue of ₹2,341 crore in Q1 of FY24. In the previous quarter, it reported a net consolidated loss of ₹357 crore.