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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

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The company raised a total capital of about Rs 5,053 crore through equity shares which were allotted via preferential cum private placement basis during the financial year

Peerzada Abrar Bengaluru
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

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First Published: Dec 23 2020 | 10:24 PM IST

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