One 97 Communications, which operates fintech platform Paytm, on Tuesday reported a consolidated net loss of Rs 540 crore in Q4FY25 versus Rs 550 crore reported in the year ago period. The loss is attributable to the owners of the parent.
The revenue from operations in the March-ended quarter stood at Rs 1,912 crore, which was down 16% year-on-year versus Rs 2,267 crore in the corresponding quarter of the last financial year.
The loss widened on a sequential basis from Rs 208 crore reported by the company in Q3FY25.
Meanwhile, the revenue in the January-March quarter of FY25 was higher on a sequential basis versus Rs 1,828 crore in the October-December quarter of FY25, witnessing a near 5% uptick.
More to come…