Paytm revenue up 1.4% to Rs 3,629 cr; losses decrease 30% to Rs 2,942 cr

The company's total expenses for the fiscal were reported as Rs 6,226 crore on a consolidated basis

One 97 Communications Limited, that owns and operates digital payments firm Paytm reported its consolidated revenues for the financial year 2019-20 as Rs 3,629 crore, a 1.4 per cent increase since the last financial year. However, on a standalone basis, it reported a revenue of Rs 3,351 crore, a 1 per cent fall compared to last year.

The company further reported a consolidated net loss of Rs 2,942 crore during the same fiscal. This is a 30 per cent decrease from the last financial year, showed regulatory documents sourced from business intelligence platform Tofler. The company’s total expenses for the