India’s Paytm posts rise in quarterly revenue on surge in loan growth

This post was originally published on this site

Paytm’s parent, One 97 Communications Ltd, said revenue rose to 19.14 billion Indian rupees ($233.81 million) in the July-September quarter, from 10.86 billion rupees a year earlier.

Consolidated net loss widened to 5.71 billion Indian rupees from a loss of 4.73 billion rupees a year earlier, the company said in an exchange filing.

($1 = 81.8600 Indian rupees)