Paytm Q3 Consolidated Net Loss narrows 43% YoY to ₹220 crore, revenue jumps 38%

Indian digital payments firm Paytm posted a 38% rise in third-quarter revenue to ₹2851 crore aided by its payments business and strong loan growth in the financial services segment.

Meanwhile, its consolidated net loss narrowed to ₹220 crore from ₹392 crore a year ago.

Ahead of Q3 result announcement, the company’s share closed 1.5% higher at ₹766.2 per share. Meanwhile, the company’s shares have gained nearly 22% so far this month.

Paytm is an Indian multinational financial technology company, that specialises in digital payments and financial services.