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Paytm Q3 Results: Net loss increases to Rs 778.5 crores but growth in revenue at Rs 1,456 crores

Paytm is one of the biggest startups to go public last year but its tepid listing raised concerns among investors.

Paytm reported that its loss widened to Rs. 778.5 crores in the third quarter ending December 2021, according to the disclosure filed with the Bombay Stock Exchange. The company had recorded a loss of Rs. 535.5 crores in the same quarter last financial year, increasing by nearly 45 percent year-on-year (Y-o-Y). The payments company has reported an increase in revenue to Rs. 1,456 crores from Rs. 772 crores, registering a growth of 89 per cent Y-o-Y, as per the financial results. It reasoned that the growth was driven by “high festive season demand, particularly in online and offline merchant business”. [caption id="attachment_155762" align="alignnone" width="880"] Source: PayTM Earnings Report[/caption] Paytm said that it has 64.4 million Monthly Transacting Users (MTU) which translates into a growth of 37 percent Y-o-Y in this quarter whereas it generated a revenue of Rs. 406 crores…

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I cover several beats such as Crypto, Telecom, and OTT at MediaNama. I can be found loitering at my local theatre when I am off work consuming movies by the dozen.

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