Paytm's Q3 Net Loss Narrows to ₹208 Crore; Revenue Declines 36%
Q3 Financial Results
Fintech major Paytm announced on January 20th that its net loss for the December quarter narrowed to ₹208 crore, compared to a loss of ₹220 crore in the same period last year. However, the company's revenue fell by 36% to ₹1,828 crore in Q3FY25, down from ₹2,850 crore in Q3FY24.
Stock Performance
Following the release of the results, Paytm shares on BSE were trading 2.5% lower at ₹880 apiece at 10:40 am on January 20th.
Recovery in Digital Payments Business
The company reported a narrower sequential loss before exceptional items. This improvement is attributed to the recovery of its digital payments business, which had been impacted by the winding down of its payments bank unit.
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