Net Loss Narrows, Revenue Rises

Paytm’s second quarter loss reduced and revenue increased, aided by its services business.One97 Communications Ltd., the parent company of Paytm, reported an 11% fall in net loss at Rs 571.5 crore for the quarter ended September, according to its exchange filing. That compares with the Rs 590.1 crore consensus estimate of analysts tracked by Bloomberg.Paytm Q2 Highlights (QoQ)Revenue rose 14% to Rs 1,914 crore, compared with a foreca…

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