 "Paytm")
Paytm loss widens 45% to Rs 778 cr in Q3, revenue rises 89%
Fintech major Paytm saw its revenue increase 89 per cent to Rs 1,456 crore in the December quarter (Q3) on a year on year basis, whereas net loss widened 45 per cent to Rs 778 crore.
However, the company said that its contribution profit (defined as revenue from operations less payment processing charges, promotional cashback and incentives, and other direct costs) improved to 31.2 per cent of revenue in Q3 of FY22 from 8.9 per cent in Q3 of FY21. Read more
Cause for concern:
