The net loss widened 11 per cent to Rs 432 crore in the quarter ended September (Q2) on a year on year basis, and increased 28 per cent compared to the quarter ended June.
Monetisation efforts and merchant based expansion were the key themes in the first earnings call financial services firm Paytm held with analysts over the weekend.
“I am very happy to say that our focus on monetisation has clearly been demonstrated in strong revenue growth that we are posting year-on-year in this quarter. Clearly, our platform leverage can be seen in increased contribution margin, better EBITDA margin, and continued growth in all key KPIs out there,” said Vijay Shekhar Sharma, the company’s chairman, managing director and CEO on Saturday, during an analysts call after announcing second quarter results.
Revenue from operations
First Published: Nov 28 2021 | 7:10 PM IST